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IRCTC IPO subscribed 111 times so far on

Day 3 SPONSORED: In the Store
IRCTC has set IPO has a price band of Rs 315-320 per share. At the upper price band, the OnePlus 7 (Mirror Grey, 6GB RAM, Optic
stock is available at P/E multiple of 18.8 times to its FY19 EPS of Rs 17. AMOLED Display, 128GB Storage,…
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ETMarkets.com | Updated: Oct 03, 2019, 04.15 PM IST Save BUY
0
Comments

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NEW DELHI: The initial public offer (IPO) by state-run Fluid AMOLED Display, 128GB Storage…
IRCTC was headed for a strong conclusion on Thursday, ₹44,999
as the issued witnessed 111 times subscription by 4:15 BUY
pm. The IPO will conclude later in the day.

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The issue had received bids for 2,25,09,16,400 shares Portable Wi-Fi Data Device (Black)
against the issue size of 2,01,60,000 shares. ₹849
BUY
The issue is an offer for sale and is a
part of the government's divestment
The issue had received 3.25 times bids on Day 2.
process.
IRCTC has set IPO has a price band of Rs 315-320 per Related Most Read Most Shared
Related share. At the upper price band, the stock is available at
IRCTC IPO subscribed 81% on Day 1
IRCTC IPO subscribed 3.25 times P/E multiple of 18.8 times to its FY19 EPS of Rs 17.
on Day 2 IRCTC IPO commands strong premium in grey
market
Anand Rathi Financial Services said that the company revenues should shoot up in the
next 1-2 years due to the convenience fee and privatisation of two routes. Also, the IRCTC IPO, subscribed 112 times, is the most
successful in 20 months
company would get additional benefit from the recent effective tax-regime change to 25
per cent, it said. IRCTC IPO overall subscribed 112 times, NII quota
354 times

"Undoubtedly, the debt free, IRCTC has a strong moat in a monopolistic business.
However, the government’s interest would not always align with the 12.6 per cent minority Discover POWERED BY

shareholders interest," it said. Mutual Funds

The IPO looks attractive due to limited competitive risks, and expected margin swing from
revenue windfall with re-introduction of service charge, said Prabhudas Lilladher.
Top Tax Saver ELSS SIP starting Rs 500
Funds
The issue is an offer for sale and is a part of the government's divestment process.

IRCTC operates a website, www.irctc.co.in, with transaction volume averaging 15 to 18

million transactions per month in the three months ended June 30. At present, it operates
in four business segments, namely, internet ticketing, catering, packaged drinking water Alternative to Index Funds
under the “Rail Neer” brand, and travel and tourism. Savings Account

The inclusion of a convenience fee on railway tickets, setting up 10 water plants in the next
two years and the recent tax reduction of corporate tax bodes well for EPS growth, said
ICICIdirect in a note.
Best Large Cap Best Balanced
Funds Funds
"Coupled with healthy dividend payout (45 per cent in FY19) and RoE (26.1 per cent), we
recommend subscribe rating to the issue at the offer price. Further, at the IPO price band,
the stock is available at a price to earnings multiple of 10 times FY21E EPS, which we
believe looks attractive from the perspective of future earnings growth,” the brokerage
said. High Performing Mid Top Rated Multi Cap
 High Performing Mid Top Rated Multi Cap
Cap Funds Funds

IRCTC IPO to open on Monday: Key

A new thingsbegins
journey to know 1 of 6
27 Sep, 2019
Indian Railway Catering and Tourism Corporation
(IRCTC) will launch its initial public offering (IPO)
IPO on September 30, 2019 with a plan to raise
up to Rs 645 crore. The IPO has a price band of
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Read more on IRCTC IPO Disinvestment IRCTC Rail Neer Ipo

Also Read
IRCTC IPO subscribed 81% on Day 1

IRCTC IPO commands strong premium in grey market

IRCTC IPO, subscribed 112 times, is the most successful in 20 months

IRCTC IPO overall subscribed 112 times, NII quota 354 times

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