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RAIL NEER SALES
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- IRCTC shares rise 5% after June quarter results. What should investors do?However, the firm, on Wednesday, reported a standalone net profit of Rs 232 crore for the quarter ended June 2023, down 5% from Rs 245 cror...
- IRCTC offer unlikely to deliver short-term gainsThe government has announced selling up to 5% stake in the IRCTC through an offer for sale (OFS). Up to 40 million shares in the company ar...
- IRCTC MD on Railways scrapping fee-sharing order, normalisation of biz"We are getting good bookings in all the fields. We are doing new experiments in the deluxe segments and have been very successful. Very so...
- Convenience fee on internet ticketing, catering drove IRCTC top line growth in H1: MP MallNew products will give really good dividend two-three years down.
- IRCTC quotes 69-71% premium in grey market, promises strong listing gainsWhen interest in the primary market picks up, grey market activity picks up as well.
- IRCTC IPO overall subscribed 112 times, NII quota 354 timesThe qualified institutional buyers (QIB) quota was subscribed 108.8 times, NII 354 times.
- IRCTC IPO subscribed 111 times so far on Day 3IRCTC has set IPO has a price band of Rs 315-320 per share. At the upper price band, the stock is available at P/E multiple of 18.8 times t...
- IRCTC IPO subscribed 3.25 times on Day 2IRCTC has set IPO has a price band of Rs 315-320 per share.
- IRCTC IPO subscribed 81% on Day 1The issue is an offer for sale and is a part of the government's divestment process.
- IRCTC’s strong business model makes its IPO a good long-term investmentThe IPO is an offer-for-sale with the Centre divesting 12.6 per cent stake in the company.
- IRCTC sold Rs 28,475 crore train tickets, e-ticket sales up 14%A year ago, it had lost revenues of Rs 575 crore due to the same reason, which means it had to forego nearly Rs 1,268 crore in ticketing re...
- Indian Railways to pour more money into Rail Neer brandNeer is currently being sold only at railway stations and there too railways have been able to meet only 20% of the entire demand.
- Service charge makes up third of revenue for IPO-bound IRCTCIRCTC charges Rs 40 on every ticket booked in air-conditioned classes. For sleeper class, a service charge of Rs 20 is levied.
- IRCTC net profit jumps 44% to Rs 189 crore in FY16Govt-owned portal sells train tickets worth Rs 24,022 crore during the year, although growth halves to 17% from a year earlier
- Why only Rail Neer on trains and stations, asks Bombay High CourtIRCTC advocate Usha Srivastava said the decision was taken because Rail Neer "was not being lifted" and it resulted in huge losses.
- Why permit sale of only Rail Neer at stations, High Court to RailwaysThe Bombay High Court today sought to know from Indian Railways why sale of only one brand of mineral water is permitted at railway station...
- IRCTC earns Rs 20,000 crore from online sales till March; revenue nearly double of FlipkartThe government-owned portal posted a 19 per cent increase in income at Rs 1,141 crore, which mainly includes service charges on tickets.
- Railways planning sale of e-tickets on its portalIndian Railways are mulling the sale of e-tickets on its portal which will end IRCTC's monopoly in e-ticketing business and provide multipl...
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