Government will target Rs.80000 crore stake sale through this ipos in 2018-19. Garden Reach Shipbuilders files DRHP on 27-March while IRCON International drafted on 28-March. The other two companies Mazagon Dock Shipbuilders and Rail Vikas Nigam file draft papers on 02-April.
Other than this RITES and IREDA already drafted their DRHP with SEBI. RVNL will come with sale of 20.85 crore equity shares while Garden Reach Shipbuilders and Engineers comes with 2 crore shares sale. Mazagon will come with 2.24 crore equity share sale while IRCON will come with 99.05 lakh shares sale.
PSUs DRHP Dates:
- Garden Reach Shipbuilders: 27-Mar-18
- IRCON International: 28-Mar-18
- Mazagon Dock Shipbuilders: 02-Apr-18
- Rail Vikas Nigam (RVNL): 02-Apr-18
As per the last month results we have seen not a good performance from Bharat Dynamics and Hindustan Aeronautics. Midhani was good on listing with flat listing but still the subscription numbers was not good for all these 3 companies. Investors and the grey market not gave a good response to those ipos and now its time for another bunch so investors will surely look at these companies whether to invest in or not. Government will come with stake sale of this 4 to 6 companies in 2018-19.
