The Indian government is aiming to issue several large IPOs of the state-owned enterprises of FYI ’24/25. In fact, the IPOs will attract enough interest from investors and present an opportunity to invest in sectors like renewable energy and infrastructure.
Here is a more detailed view of the upcoming government IPO, including company names, expected open & close dates, issue prices, and issue sizes.
Keep reading, keep learning!
Upcoming Government IPO in India
Upcoming Government IPO in India in ’24/25
The following is the list of the upcoming government IPO that you should definitely keep an eye on.
1. NTPC Green Energy Ltd
NTPC is the largest power company of India and its subsidiary NTPC Green Energy Ltd is the most eagerly awaited upcoming government IPO. It has grand plan to build more than 60 GW of renewable portfolio in the next decade via the funds it will raise from IPO
- Company Name: NTPC Green Energy Ltd
- Open Date: To be announced
- Close Date: To be announced
- Issue Price: To be determined
- Issue Size: ₹11,000 Crores
2. Bharat Coking Coal Ltd
BCCL primarily serves the steel industry, and that places it among India’s largest coking coal producers. It is said that an IPO will be an important move in Coal India’s divestment strategy.
- Company Name: Bharat Coking Coal Ltd
- Open Date: Expected in FY25
- Close Date: To be announced
- Issue Price: To be determined
- Issue Size: To be announced
3. Central Mine Planning and Design Institute
CMPDI provides consultancy services in mining and infrastructure engineering. Its IPO will be after BCCL, all part of the Coal India’s program to list the subsidiaries.
- Company Name: Central Mine Planning and Design Institute
- Open Date: Expected after BCCL’s IPO in FY25
- Close Date: To be announced
- Issue Price: To be determined
- Issue Size: To be announced
4. Indian Infrastructure Finance Company Ltd
IIFCL is a state-owned company, which would go public soon in the following fiscal year. The company would soon initiate the process of consultative discussion towards its IPO that would attract a great amount of interest among investors.
- Company Name: Indian Infrastructure Finance Company Ltd
- Open Date: Expected in FY25
- Close Date: To be announced
- Issue Price: To be determined
- Issue Size: To be announced
5. NHPC Renewable Energy
NHPC is an Indian public sector hydropower company apparently considering listing its subsidiary NHPC Renewable Energy. It would concentrate on developing and managing renewable energy projects in India mainly in the sectors of solar and wind power. NHPC Renewable Energy has under its pipe-line over 1,300 MW of the solar projects, thereby becoming attractive for investment.
- Company Name: NHPC Renewable Energy
- Open Date: To be announced
- Close Date: To be announced
- Issue Price: To be determined
- Issue Size: To be announced
Related: Top 10 upcoming IPO in India
Benefits of Investment in Government IPOs
Government companies coming into the public market through their IPOs have several advantages in store for investors:
- Stability: PSUs normally enjoy stable support from the government, thus making them relatively predictable on governance and operational fronts as well.
- Diversification: With the government’s IPO, diversified portfolios can be achieved through various sectors such as renewable energy, infrastructures, and coal mining.
- Growth Potential: Many of these PSUs are very well positioned to take advantage of the fact that Indian economy is growing. Infrastructure development and a push towards renewable energy by the government enhance the growth potential for most of these PSUs.
Conclusion
The upcoming government IPOs in India for the year 2024/25 indicate a strategic step toward privatization and investment in critical sectors including renewable energy and infrastructure. Investors should monitor such developments closely once the issue dates and prices are declared.
These offers of IPOs not only provide investment opportunities but are also a part of the overall goal of Indian sustainability and economic growth.
