Should You Buy IPO of Indian Railway Catering and Tourism Corporation (IRCTC)? :- The Indian Railway Catering and Tourism Corporation (IRCTC) the only one authorised entity by Indian Railway which can serve you food and drinking water in Railway Station as well as inside the Train. Recently Government of India has decided that they will draft the DRHP to the SEBI which is Securities and Exchange Board of India for the Initial Public Offering (IPO).
Here a question comes, What does IPO mean?
The Initial Public Offering (IPO). It is the only way for a company to come in the stock market. People
can buy the IPO and make tons of money.
Should you subscribe or buy the IPO of Indian Railway Catering and Tourism Corporation (IRCTC)?
The answer is very simple Yes you should. IRCTC is a very big player in their field and has lots of employ and tons of capital. Market sources said the IPO will be worth around crore to 600 crore. IRCTC proposed that they will offer 2 crore of equity shares with a face value of 10 RS each. For the information, you should now that IRCTC has a ticketing website where you can book the ticket for Indian Railway. The transactions volume is around 25 million per month.
What is IRCTC and what is their businesses?
IRCTC is a govt. an entity which is responsible for serving food in Indian Railway. It is owned by the Govt. and under the administrative control of the Ministry of Railway. They have the largest website based on volume in ticket booking in Asia pacific.