IRCTC IPO could Run Out of (Ser­vice) Charge

The Economic Times - - Front Page -

The pub­lic list­ing of IRCTC could make for the largest IPO by an In­dian ecom­merce firm, but the dig­i­tal tick­et­ing arm would be rolling into it with a hand­i­cap. FM has rec­om­mended scrap­ping the ser­vice charge on tick­ets booked through IRCTC, which would put a big dent on the busi­ness. In fis­cal 2016, ser­vice charges adding up to ₹ 551.49 crore ac­counted for more than a third of IRCTC’s rev­enue of ₹ 1,506 crore.

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