IRCTC IPO could fetch about Rs 500 crore, while IRFC could garner close to Rs 1,000 crore.

This is the first Central Public Sector Enterprise (CPSE) disinvestment in the current fiscal, which started on April 1.

The IPO received bids for 3,87,41,820 shares till 1:30 pm against 25,34,57,280 units on offer.

FinMin is planning to list four CPSEs and work on launching the IPO of TCIL has begun.

Investors bid for 96.6 million shares, or 9.76 times the 9.9 million shares on offer.

The offer for sale (OFS) received bids for 42,24,090 shares compared with the total issue of 9,905,157 shares.

The equity shares of these companies will be listed on BSE and NSE.

The government is set to divest around 10 per cent in its railway subsidiary Ircon International, to raise around Rs 467 crore.

Through IRCON's IPO, the government will divest 10 per cent stake or over 99 lakh shares.

The share sale is expected to fetch about Rs 500 crore to the exchequer.

The government is divesting 10 per cent stake or over 99 lakh shares through the IRCON IPO.

At the upper end of the price band of Rs 185 a scrip, the IPO would fetch around Rs 460 crore to the exchequer.

The IPOs are a part of the govt's target to garner Rs 80,000 crore through stake sales in 2018-19.

"The shares of Railway public sector enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed in the stock exchanges," Jaitley had said...

The Railways plan to offload stakes in Ircon, IRCTC and Railtel. The government has already decided to dilute 28% in Rites through an IPO.

RITES, the technical wing of the Indian Railways, is all set to hit the market in September.

Disinvestment plans of Ircon and Rites is unlikely to take off in the near future. Highly-placed sources in the government told ET that no ...