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Big Gains to Government
A study by Delhi-based PRIME Database has shown that the Government has made huge gains in recent PSU IPOs.
COMPANY
IPO MONTH
POST IPO GOVT. HOLDING (%)
POST IPO GOVT. HOLDING (No. of Shares in crores)
OFFER PRICE (Rs.)
VALUE OF GOVT. HOLDING ON ISSUE DATE (Rs. crore)
MARKET PRICE AS ON 03.02.2012 (Rs.)
VALUE OF GOVT. HOLDING AS ON 03.02.2012 (Rs. crore)
GAIN/ LOSS
(Rs. crore)
% GAIN/ LOSS
NTPC LTD.
Oct-2004
89.50
737.96
62.00
45753.73
176.30
130102.95
84349.22
184.35
POWER FINANCE CORP.LTD.
Jan-2007
89.78
103.05
85.00
8758.83
186.70
19238.50
10479.67
119.65
POWER GRID CORP.OF INDIA LTD.
Sep-2007
86.36
363.49
52.00
18901.49
106.85
38839.00
19937.51
105.48
RURAL ELECTRIFICATION CORP.LTD.
Feb-2008
81.82
70.25
105.00
7376.67
204.85
14391.53
7014.86
95.1
NHPC LTD.
Aug-2009
86.36
1062.34
36.00
38244.13
21.00
22309.07
-15935.06
-41.67
OIL INDIA LTD.
Sep-2009
78.43
18.86
1050.00
19802.95
1259.25
23749.40
3946.45
19.93
SJVN LTD.
Apr-2010
89.97
372.16
26.00
9676.23
19.40
7219.96
-2456.27
-25.38
COAL INDIA LTD.
Oct-2010
89.99
568.47
245.00
139275.89
326.20
185435.81
46159.92
33.14
MOIL LTD.
Nov-2010
80.00
13.44
375.00
5040.00
274.40
3687.94
-1352.06
-26.83
PUNJAB & SIND BANK
Dec-2010
82.07
18.31
120.00
2196.67
70.05
1282.31
-914.36
-41.62
TOTAL
295026.59
446256.47
151229.88
51.26
(Only PSU IPOs since 2004 onwards, with a listing period of over 1 year have been considered in the study)
As can be seen, the Government has made a notional gain of over Rs. 151230 crore or 51% in these 10 IPOs alone as on 03.02.2012
Primary Market and Disinvestment Data powered by
PRIME Database
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