The IPO’s are on the way to get out into the world of equities, the wait would finally be over. Many of the PSU companies are to be disinvested. NHPC and Oil India will hit the capital market by September. There are nearly 18 PSU companies waiting to enter the market with an issue size of Rs.7405 crore, which is inclusive of Oil India’s Rs 1400 cr and NHPC’s Rs.2060 cr. The IPO’s especially of the PSU’s can bring some energy for the capital market.
The companies include BSNL, RITES, National Aviation company, Ircon International. 2008 saw only one disinvestement of a PSU IPO of Rural Electrification Corporation with Rs.1421 cr. while 2007 had four PSU’s
You can have more of this news at Companies to be disinvested?
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