<p>Government-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) will announce the price band on the initial public offering (IPO) on September 30, according to a report by Mint.</p>.<p>Around 2 crore equity shares with a face value of Rs 10 each would be offered for sale by the government. According to the report, the IPO would be worth about Rs 500-600 crore. After selling these stakes, the government's stake will come down 12.5%. </p>.<p>The proposed IPO is expected to see the government sell stake worth ₹480 crores through an offer for sale, said a person aware of the development told the newspaper.</p>.<p>The IPO is said to be managed by IDBI Capital Markets & Securities, SBI Capital Markets and YES Securities (India). </p>.<p>IRCTC has four business segments that include, catering, internet ticketing, packaged drinking water, and travel and tourism. It operates one of the most transacted websites, 'www.irctc.co.in' in the Asia-Pacific region. The company's shares are proposed to be listed on BSE and NSE.<br /> </p>
<p>Government-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) will announce the price band on the initial public offering (IPO) on September 30, according to a report by Mint.</p>.<p>Around 2 crore equity shares with a face value of Rs 10 each would be offered for sale by the government. According to the report, the IPO would be worth about Rs 500-600 crore. After selling these stakes, the government's stake will come down 12.5%. </p>.<p>The proposed IPO is expected to see the government sell stake worth ₹480 crores through an offer for sale, said a person aware of the development told the newspaper.</p>.<p>The IPO is said to be managed by IDBI Capital Markets & Securities, SBI Capital Markets and YES Securities (India). </p>.<p>IRCTC has four business segments that include, catering, internet ticketing, packaged drinking water, and travel and tourism. It operates one of the most transacted websites, 'www.irctc.co.in' in the Asia-Pacific region. The company's shares are proposed to be listed on BSE and NSE.<br /> </p>
