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Monsoon of unlisted PSU IPOs to hit India soon; 25 companies to sell shares for the first time

The government has drawn up a list of 25 state-owned companies that could sell shares to the public for the first time, possibly raising more than a third of India's record divestment target for the fiscal year.

They include profit-making arms of Coal India and ONGC that could help the government get around Rs 25,000 crore in total. Such a move could fire up the primary market besides giving government finances a big boost. The department of disinvestment has written to the administrative ministries.



"The idea is to create a pipeline for the next two-three years," the official said. This needs to be done as the government is close to the 51 per cent stake level in several listed stateowned companies, the person said. "So, the ideal situation is that we have approvals for stake sale in these firms and we can proceed depending on market conditions."
The unlisted firms may include ONGC Videsh, Southern Coalfields, Bharat Broadband, KIOCL and Mazagon Dock.

"While we can fast track stake sales in already listed firms through the offer for sale (OFS) mechanism, it is essential that all profitable CPSEs (central public sector enterprises) realise their true valuation through listing and further unlock their potential," the official said.
As per the Public Enterprise Survey 2013-14, India has 234 CPSEs, of which 46 are listed.

Some of the profitable ones, including subsidiaries, are South Eastern Coalfields, ONGC Videsh, Bharat Bhari Udyog Nigam, Antrix Corp. and various railway units.

In the case of subsidiaries, the amount raised by the listing will flow into the parent company, which in turn can offer better dividends to the government and increase capital expenditure.
 

"The idea is to create a pipeline for the next two-three years," the official said. This needs to be done as the government is close to the 51 per cent stake level in several listed stateowned companies, the person said. "So, the ideal situation is that we have approvals for stake sale in these firms and we can proceed depending on market conditions."


Sandip Ginodia , Director
We deal in over 60 unlisted companies with 15 years of experience .
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"The idea is to create a pipeline for the next two-three years," the official said. This needs to be done as the government is close to the 51 per cent stake level in several listed stateowned companies, the person said. "So, the ideal situation is that we have approvals for stake sale in these firms and we can proceed depending on market conditions."

The unlisted firms may include ONGC Videsh, Southern Coalfields, Bharat Broadband, KIOCL and Mazagon Dock.

"While we can fast t ..


"The idea is to create a pipeline for the next two-three years," the official said. This needs to be done as the government is close to the 51 per cent stake level in several listed stateowned companies, the person said. "So, the ideal situation is that we have approvals for stake sale in these firms and we can proceed depending on market conditions."

The unlisted firms may include ONGC Videsh, Southern Coalfields, Bharat Broadband, KIOCL and Mazagon Dock.

"While we can fast t ..

The government has drawn up a list of 25 state-owned companies that could sell shares to the public for the first time, possibly raising more than a third of India's record divestment target for the fiscal year.

They include profit-making arms of Coal India and ONGC that could help the government get around Rs 25,000 crore in total. Such a move could fire up the primary market besides giving government finances a big boost. The department of disinvestment has written to the administrati ..

The government has drawn up a list of 25 state-owned companies that could sell shares to the public for the first time, possibly raising more than a third of India's record divestment target for the fiscal year.

They include profit-making arms of Coal India and ONGC that could help the government get around Rs 25,000 crore in total. Such a move could fire up the primary market besides giving government finances a big boost. The department of disinvestment has written to the administrati ..

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  1. New IPO Listing in India22 September 2015 at 05:04

    Good News update. keep posting ! As our resource are available get New IPOs Listing In India

    ReplyDelete

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