
Industrial & Financial Services · NSE / BSE
Indian Railway Catering and Tourism Corporation Limited (IRCTC), established in 1999, is a government-owned company and a fully-owned subsidiary of Indian Railways. It is responsible for managing catering, tourism, online ticketing, and the supply of packaged drinking water on trains and at railway stations across India. In 2008, it was recognized as a Mini-Ratna (Category-I) Public Sector Enterprise by the Government of India. IRCTC’s official website, www.irctc.co.in, is one of the most visited websites in the Asia-Pacific region. As of August 31, 2019, around 1.40 million people traveled daily on Indian Railways, with over 840,000 passengers booking tickets online through IRCTC’s website and mobile app. Between April and June, the platform handled approximately 15 to 18 million transactions per month. In October 2018, IRCTC introduced i-Pay, its own payment gateway, to manage domestic debit and credit card transactions, with plans to expand its use in other sectors. The company also offers non-railway services like budget hotels, e-catering, and executive lounges to enhance customer convenience. IRCTC mainly operates in four key areas: travel and tourism, packaged drinking water, catering services, and internet ticketing. It provides tour packages by rail, road, air, and cruise, along with hotel and flight bookings. It also manufactures and supplies bottled water under the Rail Neer brand, offers onboard and station-based catering, and facilitates online ticket booking through its website and Rail Connect mobile app.
Price Band
₹315 – ₹320
Issue Size
₹645 Cr
Lot Size
40 shares
GMP
Est. Listing
₹320
at current GMP
Subscribed
—
Open
30 Sep 2019
Close
3 Oct 2019
Allotment
10 Oct 2019
Refund
11 Oct 2019
Demat Credit
12 Oct 2019
Listing
14 Oct 2019
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹320
Band: ₹315 – ₹320
Estimated Listing Price
₹320
Upper price + GMP
Lot Size
40 shares
Min investment ₹12,800
Estimated Profit / Lot
₹0
40 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹320 |
| 30 Oct 2026 | — | 0.0% | ₹320 |
| 29 Oct 2026 | — | 0.0% | ₹320 |
GMP is unofficial market data. Not a guarantee of listing performance.
IRCTC Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹645.12 Crores. The shares are offered at a price band of ₹315 to ₹320 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-10-03, the basis of allotment is scheduled to be finalized on 2019-10-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Alankit Assignments Ltd) or the BSE allotment checking window.
The latest grey market premium for IRCTC Limited IPO is ₹0, which indicates an expected listing price of ₹320.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.