How selling pakodas built IRCTC's $100M IPO - Gyaan

What this episode covers

IRCTC (indlan Railway Catering and Tourism Corporation) went IPO yesterday, raising~$10M by selling 12% of its stocks thus, making the railway’s catering company valued at $100M. (PS: remaining 88% will still be owned by the Govt.) The biggest source of its success-selling garam pakoda. Here's the catch about this IPO – all the money raised will NOT go to IRCTC but to Govt who is having a shortfall in its budget. Let's dig in...

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How long is this episode of Gyaan?

This episode is 5 minutes long.

When was this Gyaan episode published?

This episode was published on October 1, 2019.

What is this episode about?

IRCTC (indlan Railway Catering and Tourism Corporation) went IPO yesterday, raising~$10M by selling 12% of its stocks thus, making the railway’s catering company valued at $100M. (PS: remaining 88% will still be owned by the Govt.) The biggest...

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