The government has identified six profit making PSUs for exploring the capital markets in the current fiscal and listing on stock exchanges.

Here's a look at their individual company profiles:

1. MSTC IPO - MSTC Company Profile

2. North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile

3. Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile

4. Garden Reach Shipbuilders and Engineers (GRSE) IPO - Company Profile

5. Mazagon Dock Shipbuilders (MDL) IPO - Company Profile

6. Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile

MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. The company was set up in September 1964 to act as a regulating authority for export of ferrous scrap with an investment of Rs 6 lakh. Government of India, Members of Steel Arc Furnace Association and members of ISSAI had made with the investment.

MSTC became a subsidiary of SAIL in 1974. In 1982, it got delinked from SAIL and became an independent company under Ministry of Steel. It was a canalizing agency for import of ferrous scrap till 1992

MSTC Limited has endeavored to become one of the stalwarts of the nation's steel industry. The Marketing Division looks after the bulk procurement of industrial raw materials for its Principals. The sourcing is done either from foreign manufacturers / traders or from domestic producers.
The list of items that are procured includes HMS, HR Coil, Billets, Wire Rods, LAM Coke, Coking coal, Naphtha, Crude oil, Thermal coal etc which are mainly consumed by the steel, petroleum and power industries in the country

MSTC has emerged as a major player in the country for promoting e-commerce. It has presented with e-Auction portal namely, www.mstcecommerce.com which has become a popular tool for transacting business over the internet. The portal provides a virtual marketplace for domestic sellers and buyers to do business in metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, minerals and agriculture & forest produce etc. The methodology adopted includes open tender, public auction and e-auction

If the recent news is anything to go by, the IPO market is all set to extend the craziness with the Government deciding to list six of its profit making public sector companies. The government has identified six profit making PSUs, including four from defence sector, for accessing the capital market in the current fiscal and listing on stock exchanges

The list of IPOs which are planned to hit the streets is MSTC, NEEPCO, Bharat Dynamics Ltd, Garden Reach Shipbuilders & Engineers Ltd, Mazagoan Dock Shipbuilders Ltd and Mishra Dhatu Nigam Ltd. The government currently holds 100 per cent stake in all these six companies

Click below links to read company profile for each of above companies:

MSTC IPO - MSTC Company Profile

North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile

Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile

Garden Reach Shipbuilders and Engineers (GRSE) IPO - Company Profile

Mazagon Dock Shipbuilders (MDL) IPO - Company Profile

Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile