IPO: INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED MUST APPLY

Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a wholly-ownsubsidiary of Indian Railways. 

Currently, the company operates majorly in four segments which are:

1. Travel and Tourism
IRCTC is specialised in rail tourism. It offers travel and tourism services across diversified segments such as air, land, rail, & cruise tour packages, hotel bookings and air ticket bookings.

2. Packaged Drinking Water
It is an authorized manufacturer and distributor of packaged drinking water on trains and at railway stations. The company manufactures packaged drinking water under brand name Rail Neer.

3. Catering Services
The company provides food catering services including on-board catering (through mobile) on trains and static catering services at stations.

4. Internet Ticketing
IRCTC has a mobile app (Rail Connect) and a dedicated website to offer online railway ticket booking facility.

One can apply for listing gain as well as long term holding also. I am expecting gain around 3000-3500 for one application. 

Following detail of IPO as follows;

IRCTC IPO Details

Issue Open	Sep 30, 2019 - Oct 3, 2019
Issue Type	Book Built Issue IPO
Issue Size	20,160,000 Eq Shares of ₹10  (aggregating up to ₹645.12 Cr)
Face Value	₹10 Per Equity Share
Issue Price	₹315 - ₹320 Per Equity Share
Retail Discount	Rs 10
Employee Discount	Rs 10
Market Lot	40 Shares
Min Order Quantity	40 Shares
Listing At	BSE, NSE