IRCTC IPO launching during Navratri on September 30?

The Indian Railway Catering and Tourism Corporation (IRCTC), the principal administrator of Indian Railways catering and e-ticketing services, is likely to launch an initial public offering (IPO) on Monday, September 30 (the second day of Navratri). The IRCTC has filed the draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on August 21, 2019.

According to news reports in various sections of media, the IRCTC is expected to launch its IPO on September 30. IRCTC may unveil the price band, lot size, bidding period and other IPO-related details on Wednesday, September 25.

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