How selling pakodas built IRCTC's $100M IPO
Episode 3 of the Gyaan podcast, hosted by Yashika Shah, titled "How selling pakodas built IRCTC's $100M IPO" was published on October 1, 2019 and runs 5 minutes.
October 1, 2019 ·5m · Gyaan
Summary
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...
Episode Description
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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