Govt owned Indian Railway catering and Tourism Corporation is eyeing for a public issue and has filed papers for SEBI node.

In Apr’17 Govt has approved listing of IRCON, RITES, RVNL, IRFC & IRCTC. Out of these IRCON and RITES were already listed in 18-19. The disinvestment target in 18-19 was ₹80,000 Cr while they has raised about ₹85,000 Cr, exceeding its budgeted target.

The IPO is expected to land on exchange in Nov’19 first week.

Regards-

CA Ram Kishore Gupta

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