IPO size: Rs 645 crore
Government-owned IRCTC has hit the primary market through a Rs 645-crore initial public offer (IPO). The IPO closes on October 3.
Govt stake sale: 12.6%The government is selling 12.6% stake or 2.01 crore equity shares (20 million shares) which will bring down its stake to 87.4%.
Price band: Rs 315 to Rs 320 per share
IRCTC shares are available in a price band of Rs 315 to Rs 320 per equity share.
Discount for retail investors, employees: Rs 10 per share
Of the total shares on offer, 50% will be available for allocation to qualified institutional buyers (QIBs), including 2 lakh equity shares for the mutual fund portion on a proportionate basis. Another 15% of the offer is allocated to non-institutional investor category and 35% will be made available to the retail category. Additionally, there's a discount of Rs 10 per share for retail category and eligible employees.
Listing date: October 14
The tentative date for listing of IRCTC shares on BSE and NSE is October 14.
Lot size of shares: 40
The lot size or minimum order quantity in the IPO is 40. At the effective price band of Rs 305-310 per share after taking into account discount of Rs 10 per share, retail investors have to spend Rs 12,200-12,400 per one lot.
Estimated market cap: Rs 5,120 crorePost listing, the market capitalisation of the government-owned firm is pegged at Rs 5,120 crore at the higher end of price band.
FY 19 net profit up 24%, revenue up 25%Total revenue growth increased 25% y-o-y to Rs 1,956.5 crore for fiscal ended March 2019 compared with Rs 1,569.5 crore earned for fiscal ended March 2018. Profit after tax growth also rose 23.6% year-on-year to Rs 272.5 crore as of March 2019 against Rs 220.6 crore booked during the same period last year. Its sales rose 25% year-on-year to Rs 1,899 crore, as per the draft red herring prospectus filed with Sebi in August.