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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Disinvestment by Selling Shareholder
To carry out the Offer for Sale of equity shares by the Promoter, the President of India acting through the Ministry of Railways.
Enhance Public Visibility and Brand Image
To achieve the benefits of listing the equity shares on the BSE and NSE stock exchanges.
(₹ in Crore)
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Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a Central Public Sector Enterprise under the administrative control of the Ministry of Railways, Government of India. Incorporated in September 1999, the company was established to upgrade, professionalize, and manage catering and hospitality services at railway stations, on trains, and at other locations, as well as to promote domestic and international tourism. IRCTC holds an exclusive mandate to provide online railway ticketing services across the Indian Railways network via its web portal and mobile applications. Beyond ticketing, the company operates an extensive catering footprint, managing train catering, executive lounges, and station food plazas. Additionally, IRCTC manufactures and distributes packaged drinking water under the renowned 'Rail Neer' brand across major railway hubs in India. As a Mini-Ratna (Category-I) public sector enterprise, IRCTC also offers comprehensive travel and tourism solutions, including specialized tour packages, charter trains, hotel bookings, and cruise packages. Its integrated digital ecosystem and state-backed infrastructure position it as a foundational service provider within India's transportation and travel sector.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 4:37 PM
Monopolistic Business Model
IRCTC is the sole entity authorized by Indian Railways to provide online railway ticketing and manage catering services across the national rail network.
Robust Digital Infrastructure
Operates one of the highest-volume e-commerce platforms in India with a high transaction success rate and large active user base.
Debt Free Financial Profile
Maintains a strong cash-rich balance sheet with zero long-term borrowings and high return on capital metrics.
Regulatory and Policy Dependencies
Business operations and revenue-sharing terms are subject to policies set by the Ministry of Railways and Government of India.
Concentration on Indian Railways Network
Revenue streams are heavily dependent on passenger traffic and operational performance of Indian Railways.
Indian Railway Catering and Tourism Corporation Limited
Alankit Assignments Limited
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