History Of IRCTC
Indian Railway Catering and Tourism (IRCTC) is a public owned company that operates under the administration of Indian Railways which handles the catering, tourism, and online ticketing operations business of Indian Railways. It was established on 27 September, 1999. On 3 August 2002, IRCTC launched its online ticketing platform which was the revolutionary step of digitalization in India. In 2008 IRCTC was classified as a MINI RATNA public owned company.
Brief History of IRCTC
On 27 September, 1999, IRCTC was incorporated by Indian Government under the administration of Indian Railways
In August 2002, IRCTC launched its Online Ticketing platforms, to make book tickets more convenient for the general public.
In May 2008, IRCTC was classified as a MINI RATNA company that provides IRCTC a financial Autonomy.
In 2011, IRCTC launched a Royalty program for its frequent travelers.
In 2012, IRCTC has launched its wallet services known as Rolling Deposit Scheme (RDS)
In 2013, IRCTC extended its services towards hotels and flight bookings.
On 4 Oct, 2019 IRCTC launched first ever privately owned train known as “Tejas Express”
In 2019, IRCTC was listed on National Stock Exchange & Bombay Stock Exchange and its 67% equity is owned by the Indian Government.
IPO History of IRCTC
After two decades of incorporation, IRCTC has launched its IPO and due to monopoly and Government owned company, this IPO stole all-market attention at that time.
The opening date of bidding was 30 September 2019 and closing date was 3 October 2019, with the issue size of Rs.640 crore and price band was fixed between Rs.315 to Rs.320.
Issue received a bumper response and subscribed 112 times with worth of Rs.72200 Crore.
On 14 October 2019 IRCTC had listed on BSE at the price of Rs.644, with 101% and on NSE with the price of Rs. 626.
Performance History of IRCTC share
On 19 Oct, 2021, IRCTC touched its all-time high price of Rs. 1279.26
In 2021, IRCTC was split into 1:5 ratio, initially its face value was Rs.10 and after splitting it face value was Rs.2
In 2023, IRCTC become multi bagger in next 3 years with 200% returns to the investors
Current Price of IRCTC ( On 06 Aug, 2024 ) is Rs.936.50
52 Week High: Rs.1,138.90
52 Week Low: Rs.630.60
Dividend History of IRCTC
| Announcement Date | Ex-Date | Dividend Type | Dividend (Rs.) |
| 12 Feb 2020 | 20 Feb 2020 | Interim | 10.00 |
| 10 July 2020 | 19 Oct 2020 | Final | 2.50 |
| 29 June 2021 | 21 Sep 2021 | Final | 5.00 |
| 8 Feb 2022 | 17 Feb 2022 | Interim | 2.00 |
| 30 May 2022 | 18 Aug 2022 | Final | 1.50 |
| 9 Feb 2023 | 22 Feb 2023 | Interim | 3.50 |
| 29 May 2023 | 18 Aug 2023 | Final | 2.00 |
| 26 Oct 2023 | 17 Nov 2023 | Interim | 2.50 |
What’s Coming Next for IRCTC
IRCTC has been continually working on upgrading its user experience on website & app. They are working for travel packages and promoting Indian heritages sites. Performance of IRCTC as a company is a great example for other PSUs. IRCTC is playing a important role in digital India concept. With the over 15 crore registered user, IRCTC offers a great opportunity to advertise on their app and websites. Currently IRCTC Owned one private train named “Tejas Express” and Indian railways trying to replace Historical Rajdhani Express With advanced Tejas Express. Due to monopoly of the company and Miniratan Company, IRCTC have great potential to give high returns in future. So be updated and stay Invested.