India: IRCTC files for IPO, eyes to raise up to $85.71m

India: IRCTC files for IPO, eyes to raise up to $85.71m

A passenger peeks out of his window to purchase water. Photo by Omar Jabri on Unsplash

State-owned Indian Railway Catering and Tourism Corp. Ltd (IRCTC), which sells tickets for Indian Railways and manages its catering services, on Thursday filed draft papers for its initial public offering (IPO).