Upcoming Government IPO: With the 2024 coming to an end, these upcoming government IPOs will account you a happy departure of 2024 and the fortunate arrival of 2025, but only after if you know this.
Because of general elections, there is direct impact on listing of government companies IPOs in 2024, however, now with a stable government in power which have enabled these Government companies to prepare themselves for listing.
NTPC Green Energy
NTPC Green Energy, ab subsidiary of NTPC had shortlisted investment bankers for proposed 10000 crores IPO.
As of now the dates for NTPC Green Energy IPO haven’t been announced, however, Mohit Bhargava head mentioned the possibility and likelihood of IPO in November.
As of now, NTPC Green Energy has consolidated NTPC renewable energy asset. NTPC Green Energy aims to build 60 GW of renewable energy capacity by 2032, had currently 3.3 GW of install capacity with an additional 5.9 GW under Construction.
NLC India Renewables Ltd
NLC India Renewables Ltd. a subsidiary of NLC India have been looking today’s 4500 crores through IPO for 51% of its share by June next year.
As of now it’s parent company, NLC has been transferring all its renewal energy assets largely comprises of solar projects to the subsidiary which will cumulate the valuation of 8000 for NLC India Renewables Ltd.
Canara Robeco IPO
Canara Robeco IPO subsidiary of state-run Canara Bank is expected in first quarter of FY25, currently engaged in appointment of merchant bankers.
As of now Canara Bank holds 51% stake in Canada Robeco IPO and it’s thinking to dilute 14.5 % of stake.
With the state only lender having a 10.5% on rise in net profit in June quarter on year on basis and 4% rise on sequential basis will give confidence to investors to invest in upcoming IPO.
As of now the IPO dates haven’t been announced yet.
India infrastructure finance company Ltd (IIFCL)
State Owned India Infrastructure Finance Company Ltd is expecting to go for IPO by FY 25.
Currently government owns 100% stake in IIFCL and expecting over thousand crore as profit in FY 24.
This expectation seems rational because IIFCL have witnessed a two fold jumping net profit alone, along side IIFCL has also increased lending and reduction in bad loans.
IIFCL have lended out 2.5 lakh crore loans to 750 infra projects. Complementing all of it with consistent fall in NPA ratio made investors quiet excited for upcoming IIFCL IPO however as of now IIFCL IPO haven’t been announced.
BCCL and CMPDI
Both (Bharat Coking Coal Ltd.) BCCL and CM PDI (Central Mind Planning and Design Institute) are subsidiaries of Coal India will go for IPO in near future, with BCCL being first line and followed by CM PDI.
As of now the dates of their IPO haven’t been announced yet but are expected to go for listen in next year.
All in all, they are five upcoming government IPOs which should be in your watch list if you are interested in making your portfolio driven from government companies.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Upcoming Government IPO 2024
