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Indian Railway Catering and Tourism Corporation (IRCTC) - 21st Annual General Meeting (Part 2)

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Indian Railway Catering and Tourism Corporation (IRCTC) is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the latter, with around 5,50,000 to 6,00,000 bookings everyday.

IRCTC held an initial public offering on the National Stock Exchange on 30 September 2019, the IPO got oversubscription of 112 times. The base price of shares was set between ₹315 and ₹320 (US$4.60) per share for the IPO.[4] When the listing went live on 14 October 2019, the share price opened at a ₹625 and ₹646 on NSE and BSE respectively and rose massively from there. The IPO has reduced Indian Railway's shareholding in the company to 87.40%.

IRCTC started running private trains, and "Tejas Express" become India's first private train on 4th Oct 2019. Uttar Pradesh Chief Minister Yogi Adityanath flagged off the first Tejas Express, the country's first "private" train run by its subsidiary IRCTC, on the Lucknow-New Delhi route.