New Delhi: Indian Railways is working on every option to earn money so that loss-making railways can be made profitable. That is why Railways have decided to enter the stock market. The Indian Railway Catering and Tourism Corporation, ie IRCTC, may launch its first IPO in this Navratri market. After the IPO of IRCTC comes in the market, investors can invest in it and earn a good amount. An IRCTC official said that the company plans to bring an IPO to the market during the Navratri starting on September 29.
Due to being a Sunday on September 29, IPO may hit the market on or after September 30. The company hopes that with the IPO coming into the market, the company can raise Rs 600 crore capital. Explain that the Finance Ministry started the IPO process of IRCTC earlier this year. IRCTC offers ticket booking, hotel booking, railway catering service and tourism-related services. Significantly, there are 72 lakh logins on the ticketing website of IRCTC daily. There has been a significant increase in the company's revenue in the recent past.
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