Rail Vikas Nigam, RITES among 6 state run companies to launch IPOs soon

May 30, 2018, 04:23 PM IST

At least three dozen companies are set to launch their initial public offerings worth Rs 35,000 crore in the coming months, largely to fund their expansion projects and working capital requirement. Meanwhile, 15 companies including ICICI Securities, Bandhan Bank, Hindustan Aeronautics and Mishra Dhatu Nigam have already hit the capital markets so far this year. We have compiled six state run companies that will launch their IPOs soon to unlock their real value:


Indian Renewable Energy Development Agency: Green energy agency IREDA's IPO will see sale of 13.90 crore equity shares of the company, according to the draft red herring prospectus (DRHP) filed with SEBI.


Rail Vikas Nigam: Rail Vikas Nigam, which builds infrastructure for high speed rail, will see sale of 2.08 crore equity shares or 10 per cent stake by the government. The state-run firm has already received Sebi's nod for IPO.


IRCON International: IRCON International, railway infrastructure engineering and construction company, has filed IPO draft papers with Sebi. The IPO size is estimated at Rs 1,000 crore. 


RITES: RITES has filed draft papers with the Sebi to raise an estimated Rs 600 crore. The IPO will see sale of 2.4 crore equity shares, amounting to 12 per cent by the promoter.


Garden Reach Shipbuilders and Engineers: Just yesterday, Garden Reach Shipbuilders and Engineers received Sebi's go ahead to float an IPO. The government will sell 20,046,600 equity share or a 17.5 per cent stake in the company. 


Mazagon Dock Shipbuilders: Mazagon Dock Shipbuilders filed IPO papers with Sebi on April 2, 2018. MDL is one of the leading strategic shipyards in the country engaged in building warships and submarines.

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