Govt Plans Further Stake Sale in IRCTC, Invites Bids from Merchant Bankers by September 10
4 years, 4 months ago

Govt Plans Further Stake Sale in IRCTC, Invites Bids from Merchant Bankers by September 10

News 18  

The government is planning to sell part of its stake in Indian Railway Catering and Tourism Corp in the current fiscal, and has invited bids from merchant bankers for managing the sale process. Of this, Rs 1.20 lakh crore will come from disinvestment of public sector undertakings and another Rs 90,000 crore from stake sale in financial institutions. DIPAM, which manages the CPSE stake sale process, has also set into motion the process of listing of the country's largest insurer Life Insurance Corporation and appointed pre-IPO transaction advisor. The government is also looking at launching initial public offering of Indian Railway Finance Corp Ltd and had in January filed draft red herring prospectus with the Securities and Exchange Board of India for IPO of over 140 crore equity shares.

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History of this topic

IRCTC Share Price Today on 22-11-2024: IRCTC share price are up by 1.57%, Nifty up by 1.3%
1 month ago

IRCTC Share Price Today on 22-11-2024: IRCTC share price are up by 1.57%, Nifty up by 1.3%

Live Mint  

IRCTC Share Price Today on 22-11-2024: At 22 Nov 12:49 today, IRCTC shares are trading at price ₹806.45, 1.57% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 801.89 10 820.76 20 …

IRCTC Q2 Results: Net profit rises 4.47% YoY to ₹307.8 crore; interim dividend of ₹4 per share declared
1 month, 2 weeks ago

IRCTC Q2 Results: Net profit rises 4.47% YoY to ₹307.8 crore; interim dividend of ₹4 per share declared

Live Mint  

Indian Railway Catering and Tourism Corporation Ltd announced its July to September quarter results on Monday, November 4. The company recorded a 4.47 per cent ₹307.86 crore in the second quarter of the financial year 2024-25, compared to ₹294.67 crore in the same quarter the previous year, according to the BSE filing. The Indian Railway catering operator's revenue from operations …

IRCTC shares surge by 13%, close at 52-week high. Check latest share price
1 year ago

IRCTC shares surge by 13%, close at 52-week high. Check latest share price

Hindustan Times  

The shares of Indian Railways Catering and Tourism Corporation surged by nearly 13 per cent to hit a 52-week high of ₹888 on Monday. In November, IRCTC had reported 30.36 per cent rise in net profit at ₹294.67 crore for September quarter. IRCTC's total revenue increased 23.51 per cent to ₹995.31 crore in comparison to ₹805.80 crore in Q2FY23. IRCTC …

IRCTC share price hits 52-week high. Experts see more upside
1 year ago

IRCTC share price hits 52-week high. Experts see more upside

Live Mint  

Stock market today: Extending the bull trend for fourth straight session, Indian Railway Catering and Tourism Corporation or IRCTC share price today finally touched a new 52-week high of ₹799.95 apiece on NSE during morning deals. IRCTC share price today opened upside at ₹799.95 per share levels, which turned out its new 52-week high as the stock corrected from its …

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?
1 year ago

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?

Live Mint  

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation opened higher on Monday at ₹750.65 against the closing price of ₹749.55 on Friday. Triggers for IRCTC share price “IRCTC shares present a compelling opportunity for long-term investors, given the company's dominant position in the online ticket booking sector. "While the COVID-19 pandemic posed challenges, IRCTC pivoted its business …

Govt to reissue bid for asset valuer for IDBI Bank sale
1 year, 1 month ago

Govt to reissue bid for asset valuer for IDBI Bank sale

Live Mint  

New Delhi: The Department of Investment and Public Asset Management on Tuesday scrapped the bid for an asset valuer for the strategic disinvestment of IDBI Bank, issued in September, and plans to issue a new request for proposal, a move that may delay the bank's disinvestment initiative begun earlier this year. On 1 September, DIPAM had invited request for proposal …

Learnings from LIC must guide PSU stake selloffs
1 year, 1 month ago

Learnings from LIC must guide PSU stake selloffs

Live Mint  

Investors who had subscribed to the Life Insurance Corporation of India initial share sale in May last year would be a disappointed lot today. Since retail investors tend to repose faith in government enterprises, and LIC especially was a fancied business for its dominance of India’s insurance sector, a high valuation may have got overlooked in the buzz over its …

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?
1 year, 10 months ago

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?

Live Mint  

Indian Railway Catering and Tourism Corporation or IRCTC share price ended higher on Thursday after strong Q3 results for October to December 2022 quarter. According to stock market experts, IRCTC shares are expected to come out of the base building mode and it may go up to ₹750 apiece levels in medium term. On what IRCTC shares' chart pattern suggests …

Govt Receives Multiple Bids For Majority Stake in IDBI Bank; Stake Sale Moves To 2nd Stage
1 year, 11 months ago

Govt Receives Multiple Bids For Majority Stake in IDBI Bank; Stake Sale Moves To 2nd Stage

News 18  

DIPAM Secretary Tuhin Kanta Pandey on Saturday said the government has received multiple bids for a majority stake in IDBI Bank. The government currently owns a 45.48 per cent stake in IDBI Bank, while LIC owns 49.24 per cent controlling stake in the lender. Recently, the markets regulator Sebi allowed the government’s shareholding in IDBI Bank to be reclassified as …

IRCTC stock slips 5% per cent as govt offer-for-sale begins
2 years ago

IRCTC stock slips 5% per cent as govt offer-for-sale begins

Firstpost  

The government’s offer-for-sale of up to 5 per cent stake in Indian Railway Catering and Tourism Corporation at a floor price of Rs 680 a share opened for institutional investors on Thursday New Delhi: Shares of IRCTC fell more than 5 per cent in morning trade on the BSE on Thursday as the sale of the government’s up to 5 …

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids
2 years, 2 months ago

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

India TV News  

The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The government and LIC hold 94.72 per cent stake together in IDBI Bank. Life Insurance Corporation holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the …

LIC IPO Price Band, Policyholders Discount Details Soon: Govt to File Final Papers With Sebi
2 years, 9 months ago

LIC IPO Price Band, Policyholders Discount Details Soon: Govt to File Final Papers With Sebi

News 18  

LIC IPO Final Papers: The Centre is will soon be filing the final papers for India’s mega LIC IPO soon. The government is planning to soon file the final papers for LIC IPO with market regulator Sebi, which will provide details about the price band, discount for policyholders and retail buyers, and the actual number of shares to be put …

Explained | What must LIC IPO investors keep an eye on?
2 years, 10 months ago

Explained | What must LIC IPO investors keep an eye on?

The Hindu  

The story so far: The Life Insurance Corporation of India filed its draft red herring prospectus with capital markets regulator SEBI last Sunday. The main types of risks that could impact LIC and as a result shareholder returns relate to regulatory requirements, competition, the pandemic effect, the Government still retaining majority control, as well as specifics such as the segregation …

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?
2 years, 10 months ago

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?

News 18  

Indian Railway Catering and Tourism Corporation continued to show meaningful sequential improvement in revenue and profitability led by easing of covid curbs and vaccination. Neha Khanna, director, ValPro, said: “The steep surge in net profit is mainly led by contribution from all the segments and low base of last year.” The company’s board has declared an interim dividend of Rs …

Stage set for historic LIC IPO! Govt files DRHP to sell 5% for ₹63,000 crore
2 years, 10 months ago

Stage set for historic LIC IPO! Govt files DRHP to sell 5% for ₹63,000 crore

Live Mint  

Setting the stage for the country's biggest-ever public offering, Life Insurance Corporation on Sunday filed draft papers with capital market regulator Sebi for the sale of a 5 per cent stake by the government for an estimated ₹63,000 crore. The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit the D-street …

LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end
2 years, 11 months ago

LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end

India TV News  

Highlights The government will launch the mega public offer of LIC by March FM Nirmala Sitharaman had last week reviewed the progress of the LIC IPO LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for March 2022 The government will launch the mega public offer of LIC by March and file draft papers with market …

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap
3 years, 1 month ago

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap

Live Mint  

When the stock market opened today morning, the Indian Railways Catering and Tourism Corp share price fell by 25% to ₹685.35. In 2020-21, when earnings were badly impacted due to the Covid pandemic, IRCTC still made ₹299 crore from convenience fee on railway tickets or around 38.2% of gross revenue from operations, which in turn stood at ₹783 crore. Looking …

IRCTC Share Price Surges 300% this Year; Market Cap Hits Rs 1 lakh crore
3 years, 2 months ago

IRCTC Share Price Surges 300% this Year; Market Cap Hits Rs 1 lakh crore

News 18  

Indian Railway Catering and Tourism Corporation Ltd has become the latest to join the club of ₹1-lakh-crore market capitalisation on Tuesday. At 1142 hours, IRCTC stock was trading at Rs 6,248.00, up 6.31 per cent from its previous close on the BSE. The market cap of IRCTC stood at Rs 1,00,285.60 crore, data available on the BSE showed. The government-owned …

IRCTC Announces Stock Split, Share Prices Reach New High - All You Need To Know
3 years, 4 months ago

IRCTC Announces Stock Split, Share Prices Reach New High - All You Need To Know

ABP News  

IRCTC Stock Split: The board of Indian Railway Catering and Tourism Corporation announced the stock split on Thursday. It was only after this announcement that shares of IRCTC rose more than 5% to a new high of Rs 2,727 on the BSE today. IRCTC said the stock split will help increase liquidity in the capital market, increase the shareholder base …

LIC IPO: Govt invites bids from merchant bankers, legal advisors for public offer
3 years, 5 months ago

LIC IPO: Govt invites bids from merchant bankers, legal advisors for public offer

India TV News  

Kickstarting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offer. The Department of Investment and Public Asset Management would appoint up to ten merchant bankers and one legal firm for assisting and advising on the stake sale. Last week, the Union Cabinet approved …

Government paves way to take LIC to the stock exchange
3 years, 10 months ago

Government paves way to take LIC to the stock exchange

Hindustan Times  

The government on Monday paved the way for the proposed initial public offering of state-run Life Insurance Corporation. The finance minister said the Central government will hold an at least 75% in LIC for the first five years after the IPO, and subsequently retain at least a 51% stake in the insurer. Announcing the budget for fiscal 2022, finance minister …

IRFC IPO subscribed 3.49 times on final day
3 years, 11 months ago

IRFC IPO subscribed 3.49 times on final day

India TV News  

The initial public offer of Indian Railway Finance Corporation Limited was subscribed 3.49 times on the final day of bidding on Wednesday. Qualified Institutional Buyers category was subscribed 3.78 times, non institutional investors 2.67 times and retail individual investors 3.66 times. The initial public offer of up to 178.20 crore shares, comprises a fresh issue of up to 118.80 crore …

IRFC IPO hit markets today, Indigo Paints subscription to open on 20 January; aim to raise over Rs 5,800 crore
3 years, 11 months ago

IRFC IPO hit markets today, Indigo Paints subscription to open on 20 January; aim to raise over Rs 5,800 crore

Firstpost  

IRFC IPO comprises up to 178.2 crore shares, comprising a fresh issue of up to 118.8 crore and offer-for-sale of up to 59.4 crore shares by the government New Delhi: Two companies - Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints - are set to hit the market with their initial share-sale offers this week to raise an estimated …

IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr
3 years, 11 months ago

IRFC, Indigo Paints IPOs to hit market this week, eye over Rs 5,800 cr

India TV News  

Two companies -- Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints -- are set to hit the market with their initial share-sale offers this week to raise an estimated over Rs 5,800 crore. The three-day initial share-sale of Indian Railway Finance Corporation would be open for public subscription during January 18-20, while the IPO of Indigo Paints would open …

Govt Selects Milliman Advisors to Ascertain LIC's Embedded Value Ahead of IPO
3 years, 11 months ago

Govt Selects Milliman Advisors to Ascertain LIC's Embedded Value Ahead of IPO

News 18  

The government has selected actuarial firm Milliman Advisors for ascertaining embedded value of LIC, ahead of its initial public offer. The government plans to sell minority stake in insurance behemoth Life Insurance Corporation and list it on the bourses, and has already appointed Deloitte and SBI Caps as pre-IPO transaction advisors. In a tweet, Department of Investment and Public Asset …

Govt to Sell Up to 20% Stake in IRCTC Via OFS, Fixes Floor Price of Rs 1,367 Per Share
4 years ago

Govt to Sell Up to 20% Stake in IRCTC Via OFS, Fixes Floor Price of Rs 1,367 Per Share

News 18  

The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp through an Offer for Sale which opens for subscription on Thursday. would divest 15 per cent equity with a 5 per cent green shoe option," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said in a tweet. The …

Finance Ministry Invites Bids from Actuarial Firms for Valuing LIC Ahead of IPO
4 years, 1 month ago

Finance Ministry Invites Bids from Actuarial Firms for Valuing LIC Ahead of IPO

News 18  

The finance ministry on Monday invited bids from actuarial firms for arriving at the embedded value of Life Insurance Corporation ahead of its stake sale. In the bid notice, the Department of Investment and Public Asset Management said LIC needs to develop an Indian Embedded Value reporting framework for necessary disclosures for the proposed Initial Public Offering. The Request for …

Govt Extends Deadline for Merchant Bankers to Bid for IRCTC Till September 14
4 years, 3 months ago

Govt Extends Deadline for Merchant Bankers to Bid for IRCTC Till September 14

News 18  

The government has extended the deadline for merchant bankers to bid for managing IRCTC stake sale by 4 days till September 14. The Department of Investment and Public Asset Management has initiated the process to sell 15-20 per cent stake in Indian Railway Catering and Tourism Corp via offer for sale and had last month invited bids from merchant bankers …

Govt to Sell 15-20 per cent Stake in IRCTC via Offer for Sale
4 years, 3 months ago

Govt to Sell 15-20 per cent Stake in IRCTC via Offer for Sale

News 18  

The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale and would like to complete the transaction in minimum number of tranches. The government currently holds 87.40 per cent stake in IRCTC. Asked if payment would be made by the government to merchant banker after completion of every single tranche or cumulatively after the …

IRFC IPO likely by December-end, to fetch about Rs 500-1,000 cr – India TV
4 years, 5 months ago

IRFC IPO likely by December-end, to fetch about Rs 500-1,000 cr – India TV

India TV News  

The government is looking at launching initial public offering of Indian Railway Finance Corp Ltd by the end of the year. The issue is likely to fetch about Rs 500-1,000 crore to the government, a finance ministry official said. IRFC had in January filed draft red herring prospectus with the Securities and Exchange Board of India for IPO of over …

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