bsepsu.com
The most authentic & comprehensive website on Disinvestments in India
…A helping hand to PSUs
A PSU Service Initiative of    
    
Message from MD & CEO, BSE
How to use this website?
Disinvestments Database
Fresh Capital Raising Database
PSU Primary Capital Market Database
Info Bank on Listed PSUs@BSE

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 03.09.2010 (Rs.) VALUE OF GOVT. HOLDING AS ON 03.09.2010 (Rs. crore) GAIN/ LOSS
(Rs. crore)
% GAIN/ LOSS
NTPC LTD. Oct-2004 89.50 737.96 62.00 45753.73 196.20 144788.43 99034.70 216.45
POWER FINANCE CORP.LTD. Jan-2007 89.78 103.05 85.00 8758.83 345.10 35560.83 26802.00 306
POWER GRID CORP.OF INDIA LTD. Sep-2007 86.36 363.49 52.00 18901.49 108.00 39257.01 20355.52 107.69
RURAL ELECTRIFICATION CORP.LTD. Feb-2008 81.82 70.25 105.00 7376.67 326.80 22959.01 15582.34 211.24
NHPC LTD. Aug-2009 86.36 1062.34 36.00 38244.13 31.10 33038.68 -5205.45 -13.61
TOTAL         119034.85 275603.96 156569.11 131.53
(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. 156569 crore or 132% in these 5 IPOs alone as on 03.09.2010

 
  
Primary Market and Disinvestment Data powered by PRIME Database ©
© BSE All Rights Reserved
Terms and Conditions/Disclaimer Site Map
No part of this site may be reproduced without the explicit permission of the owners.