TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Why the Thackeray Cousins Have Joined Forces to Protect Their Last Stronghold

    Why Thackeray Cousins Have Joined Forces to Protect Their Last Stronghold: The BMC

    Vote Bank Over Justice? RJD's Silence on Ajay Yadav Murder Alarming

    Vote Bank Over Justice? RJD’s Silence on Ajay Yadav Murder Alarming Ahead of Bihar Polls

    Nishikant Dubey Challenges Thackeray Cousins

    ‘Go To Mahim Dargah and Try Beating Urdu Speakers’: Nishikant Dubey Challenges Thackeray Cousins

    Pakistan’s Shadow Over 26/11: State-Sponsored Terrorism

    Trusted Agent of Pakistan Army, Was in Mumbai During 26/11 Attacks: Tahawwur Rana’s Shocking Confession

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    India’s Forex Reserves Surge Past $700 Billion

    India’s Forex Reserves Surge Past $700 Billion, Close to All-Time Record

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Major Arms Seizure in Manipur Hill Districts

    Amid Ongoing Tensions, Security Operation Yields Major Arms Seizure in Manipur Hill Districts

    military reveals china-pakistan-turkey nexus during operation sindoor

    One Border, Three Adversaries: Indian Army Blasts China-Pakistan-Turkey Axis in Operation Sindoor

    INS Tamal marks the end of import of Indian Warships

    INS Tamal Marks End of Warship Imports as India Sets Sail on Atmanirbhar Bharat Path

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pattern of Targeted Attacks on Hindu Temples

    Rising Hate in Bangladesh: Hindu Temple in Barisal Ravaged, Idols of Deities Broken

    Pahalgam Attack Condemned at BRICS

    Pahalgam Attack Condemned at BRICS: India Demands Zero Tolerance on Terror

    Terror Ties Exposed: Pakistan’s Jihad Network Furious at Bilawal’s Extradition Offer

    Terror Ties Exposed: Pakistan’s Jihad Network Furious at Bilawal’s Extradition Offer

    Sydney Protest Sends Global Message Against Hindu Persecution in Bangladesh

    Sydney Protest Sends Global Message Against Hindu Persecution in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan on July 6

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    say no to alcohol for 6 months

    How Quitting Alcohol for 6 Months Can Transform Your Health

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    India's Tour of Bangladesh Likely Postponed Amid Political Unrest

    India’s Tour of Bangladesh Likely Postponed Amid Political Unrest

    What Is The Best Way To Bet On Tennis?

    What Is The Best Way To Bet On Tennis?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Why the Thackeray Cousins Have Joined Forces to Protect Their Last Stronghold

    Why Thackeray Cousins Have Joined Forces to Protect Their Last Stronghold: The BMC

    Vote Bank Over Justice? RJD's Silence on Ajay Yadav Murder Alarming

    Vote Bank Over Justice? RJD’s Silence on Ajay Yadav Murder Alarming Ahead of Bihar Polls

    Nishikant Dubey Challenges Thackeray Cousins

    ‘Go To Mahim Dargah and Try Beating Urdu Speakers’: Nishikant Dubey Challenges Thackeray Cousins

    Pakistan’s Shadow Over 26/11: State-Sponsored Terrorism

    Trusted Agent of Pakistan Army, Was in Mumbai During 26/11 Attacks: Tahawwur Rana’s Shocking Confession

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    India’s Forex Reserves Surge Past $700 Billion

    India’s Forex Reserves Surge Past $700 Billion, Close to All-Time Record

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Major Arms Seizure in Manipur Hill Districts

    Amid Ongoing Tensions, Security Operation Yields Major Arms Seizure in Manipur Hill Districts

    military reveals china-pakistan-turkey nexus during operation sindoor

    One Border, Three Adversaries: Indian Army Blasts China-Pakistan-Turkey Axis in Operation Sindoor

    INS Tamal marks the end of import of Indian Warships

    INS Tamal Marks End of Warship Imports as India Sets Sail on Atmanirbhar Bharat Path

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pattern of Targeted Attacks on Hindu Temples

    Rising Hate in Bangladesh: Hindu Temple in Barisal Ravaged, Idols of Deities Broken

    Pahalgam Attack Condemned at BRICS

    Pahalgam Attack Condemned at BRICS: India Demands Zero Tolerance on Terror

    Terror Ties Exposed: Pakistan’s Jihad Network Furious at Bilawal’s Extradition Offer

    Terror Ties Exposed: Pakistan’s Jihad Network Furious at Bilawal’s Extradition Offer

    Sydney Protest Sends Global Message Against Hindu Persecution in Bangladesh

    Sydney Protest Sends Global Message Against Hindu Persecution in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan on July 6

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    say no to alcohol for 6 months

    How Quitting Alcohol for 6 Months Can Transform Your Health

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    India's Tour of Bangladesh Likely Postponed Amid Political Unrest

    India’s Tour of Bangladesh Likely Postponed Amid Political Unrest

    What Is The Best Way To Bet On Tennis?

    What Is The Best Way To Bet On Tennis?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

IRCTC shows how disinvestment works wonders on PSUs

TFI Desk by TFI Desk
23 October 2021
in Economy
IRCTC, IPO,
Share on FacebookShare on X
  • In the last seven years, the Modi government has not only made efforts to privatize the loss-making PSUs but also invested in making the needed PSUs more efficient.
  • One such success story in recent years is of IRCTC. In the last seven years, the previous railway ministers Suresh Prabhu and Piyush Goyal, as well as the incumbent minister Ashwini Vaishnaw, made tremendous efforts to improve IRCTC.
  • IRCTC’s revenue has increased consistently in the last few years, and it posted very solid profits. The Indian Railways has started offering numerous services including food stalls and packed water under IRCTC and this puts the company on a solid growth trajectory for the next few years.
  • With the Modi government in power, private as well as public companies are showing tremendous potential because a rule-based capitalist economic system has been established.

In the last seven years, the Modi government has not only made efforts to privatize the loss-making PSUs but also invested in making the needed PSUs more efficient. From HAL to DRDO, Oil Marketing Companies to Public Sector Banks – the PSUs are being strengthened and made more efficient, transparent, and investor-friendly.

RelatedPosts

Income Tax Calculator: Explaing Modi govt’s major tax relief for Middle Class

As ‘One Nation, One Election’ Bill reportedly gets Cabinet nod, here is how Electoral Reset would Revolutionize Indian Democracy

As Trump Bets on DOGE, Here’s How Modi Transformed Governance in 10 Years

Load More

One such success story in recent years is of IRCTC. In the last seven years, the previous railway ministers Suresh Prabhu and Piyush Goyal, as well as the incumbent minister Ashwini Vaishnaw, made tremendous efforts to improve IRCTC. In 2019, the government announced the IPO of India Railway Cater and Tourism Corporation at the price of 320 and the market prices opened at more than double the price of around 720.

Since then, the investors have remained buoyant of IRCTC. The share price crossed 5,000 rupees – almost 19 times more than the IPO price and 7 times the listing price – with the total market capitalization crossing 1 lakh crore rupees. Although the prices declined later the jump made the IRCTC touch the landmark which only 8 PSUs have touched before it.

Before IRCTC, 8 other public companies, namely State Bank of India, Coal India Ltd, NMDC Ltd, Indian Oil Corp. Ltd, Power Grid Corp. Ltd, SBI Life Insurance, Bharat Petroleum Corp. Ltd and SBI Cards, have touched this milestone.

IRCTC’s revenue has increased consistently in the last few years, and it posted very solid profits. The Indian Railways has started offering numerous services including food stalls and packed water (Rail Neer brand) under IRCTC and this puts the company on a solid growth trajectory for the next few years.

“IRCTC as a company is a pure monopoly business and the recent surge in stock prices is giving great reward to shareholders on the back of unlocking the economy and upcoming festival season which will boost the company’s revenue,” said Akhil Rathi, vice president advisory at Marwadi Financial Services.

Incorporated in 1999, IRCTC was granted the Miniratna (Category-I Public Sector Enterprise) status in 2008. The IRCTC IPO has emerged as one of the most valued initial public offerings (IPOs) among public-sector undertaking (PSU) IPOs ever. The huge demand for shares of IRCTC shows the intrinsic value investors see in the company and the growth they anticipate from it.

The Indian government diluted a 12.6 percent stake in the company in an initial public offering (IPO) 2.02 lakh shares at the base price of 10 rupees per share. But the investors demanded 225 crore shares of the company and the total bid was worth 72,000 crore rupees at the upper price band. The shares were sold at a price band of 315-320 rupees per share. And now they are around 5,000 rupees per share.

With the Modi government in power, private as well as public companies are showing tremendous potential because a rule-based capitalist economic system has been established. The next big PSU IPO would be of LIC, which is expected to touch market capitalization of 3-4 lakh crore rupees.

Tags: Indian Railways IPOIRCTCModi government
Share73TweetSend
Previous Post

Rupees 89,992,20,00000: What Sterlite Copper Plant shutdown has cost India in 3 years

Next Post

Delhi Court sends Islamoleftists into mourning over Sharjeel Imam case

Related Posts

Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'
Business

Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

7 July 2025

In a notable recognition of Indian talent on the global stage, Vaibhav Taneja, Tesla’s Indian-origin Chief Financial Officer, has...

India’s Forex Reserves Surge Past $700 Billion
Economy

India’s Forex Reserves Surge Past $700 Billion, Close to All-Time Record

5 July 2025

In a significant boost to India’s external financial position, the country’s foreign exchange reserves surged by $4.84 billion to...

Why GST Search Is Essential For Compliance In Modern Enterprises
Business

Why GST Search Is Essential For Compliance In Modern Enterprises

3 July 2025

A business environment demands transparency and accuracy, and staying compliant with tax regulations is more than just ticking a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Siddaramaiah Sparks Vaccine Theory to Hide Congress Chaos?

Siddaramaiah Sparks Vaccine Theory to Hide Congress Chaos?

00:09:21

Murugan Wave Rattles INDIA Bloc, Triggers Reactionary Meet in Madurai

00:08:10

Rage on stage: why a police officer resigned quit after CM's outburst

00:03:40

Right to religion vs duty to identify: where should India draw the line?

00:04:34

Junior Kharge Calls to Ban RSS Amid Karnataka Congress Civil War!

00:10:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited