The company's shares are proposed to be listed on BSE and NSE. The IPO is estimated to be worth about Rs500-600cr, as per media reports added.
The book running lead managers to the offer are IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, YES Securities (India) Limited.
IRCTC the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. The Company was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through public-private participation. The Company has conferred the status of Mini – Ratna (Category-I Public Sector Enterprise) by the Government of India, on May 1, 2008.