New Delhi: Activating the IPO pipeline, the government plans to offload 10% in Indian Railway Finance Corporation (IRFC) through listing by September in a bid to raise ₹1,000 crore. "We are in the process of listing the IRFC for IPO to offload 10% by September. Another railways arm RITES also saw sound success in its IPO last month, when it was subscribed 67 times. DIPAM raised ₹466 crore through another railways arm Rail Vikas Nigam Ltd (RVNL) — in the first IPO of the fiscal year. Telecommunication Consultants (India) Ltd (TCIL), RailTel Corporation India Ltd, National Seed Corporation India Ltd (NSC), Tehri Hydro Development Corporation Ltd (THDCIL), Water & Power Consultancy Services (India) Ltd (WAPCOS) and FCI Aravali Gypsum and Minerals (India) Ltd (FAGMIL), National Seeds Corporation are some of the companies proposed for IPOs.

Source: Mint July 21, 2019 03:11 UTC