RINL IPO and NBCC IPO may hit the streets soon - Indian IPO Blog

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Tuesday, January 24, 2012

RINL IPO and NBCC IPO may hit the streets soon

According to a report in Economic Times, The government plans to come out with two initial public offers (IPO) - Rashtriya Ispat Nigam Limited(RINL) and National Building Construction Corporation (NBCC) - to raise about Rs 3,000 crore in the current fiscal itself as part of its efforts to garner funds

The year of 2011 has not been the best of the years for IPO and the government would be looking to make over some of the divestment target till March, 2012. The aforesaid IPOs may help in taking Government's divestment objectives a step further

Already, the Government has been deferring the follow-on public issue of the oil giant ONGC for one reason or the other. The ONGC FPO is expected to fetch Rs 12,000 crore to the government and is expected. The IPO of Hindustan Aeronautics Limited is also in the pipeline, though it is not expected this fiscal

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