Indian Railway Catering & Tourism Corporation Ltd - IPO

Indian Railway Catering & Tourism Corporation Ltd IPO Details

Initial Public Offering of 20,160,000 equity shares of face value of Rs.10 each (equity shares) of Indian Railway Catering and Toursim Corporation Limited (IRCTC) (the company or the issuer) through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the selling shareholder), for cash at a price of Rs. 320.00* per equity share (including a share premium of Rs. 310 per equity share) (the offer price), aggregating to Rs. 637.96# Crores (the offer). The offer comprises of a net offer (defined Below) of 20,000,000 equity shares and employee reservation portion (defined below) of 160,000 equity shares. The offer less employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 12.60% and 12.50%, respectively of the Post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs.10 each. The offer price is 32 times the face value of the equity shares.*Retail Discount of Rs. 10 per Equity Share to the Offer Price was offered to the Retail Individual Bidders and Employee Discount of Rs. 10 per Equity Share to the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion.#Subject to finalization of the Basis of Allotment.

Objective of issue

To Carry out the Disinvestment of 20,160,000 shares by the selling shareholder constituting 12.60% of the Company. To Achieve the benefits of listing of shares on the Stock Exchanges.

Indian Railway Catering & Tourism Corporation Ltd Contact Details

Indian Railway Catering & Tourism Corporation Ltd, 205/208, Anarkali Market, Jhandewalan Extn, New Delhi - 110055

Phone - 91-011-42541965/42541953

Fax - 91-011-41540064

Email - companysecretary@irctc.com

Website - www.irctc.com