Government-owned entity Indian Railway Catering and Tourism Corp. Ltd (IRCTC) has announced its plan to launch Initial Public Offering (IPO) on September 30. IRCTC, which is likely to announce its price band today, is eyeing to raise around Rs 600 crore through the proposed public listing.
Also, the government’s stake will come down 12.5%. Last month, IRCTC had filed draft red herring prospectus(DHRP) with the Security Exchange Board of India (SEBI) to raise capital through IPO. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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