Analysts are upbeat on the Rs 645-crore initial public offer of the state-owned Indian Railway Catering and Tourism Corporation (IRCTC), which opens for subscription today, on account of the company's growth potential and attractive offer price. The price band for the offer has been set at Rs 315-320 per share. IRCTC is the only authorised entity by Indian Railways to provide online railway tickets, catering services to railways, and packaged drinking water at railway stations and trains in India. If tickets are booked through BHIM or UPI, charges are Rs 10 and Rs 20 for non-AC and AC, respectively. Further, at the IPO price band of Rs 315-320, the stock is available at a price to earnings multiple of approx.

Source: dna September 29, 2019 23:37 UTC