Big Gains to Government

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7967 Points Posted on 23 November 2010

Big Gains to Government

A study by Delhi-based PRIME Database has shown that the Government has made huge gains in recent PSU IPOs.

 

COMPANY

IPO MONTH

POST IPO GOVT. HOLDING (%)

POST IPO GOVT. HOLDING (No. of Shares in crores)

OFFER PRICE (Rs.)

VALUE OF GOVT. HOLDING ON ISSUE DATE (Rs. crore)

MARKET PRICE AS ON 19.11.2010 (Rs.)

VALUE OF GOVT. HOLDING AS ON 19.11.2010 (Rs. crore)

GAIN/ LOSS
(Rs. crore)

% GAIN/ LOSS

NTPC LTD.

Oct-2004

89.50

737.96

62.00

45753.73

184.30

136006.66

90252.93

197.26

 

POWER FINANCE CORP.LTD.

Jan-2007

89.78

103.05

85.00

8758.83

339.55

34988.93

26230.10

299.47

 

POWER GRID CORP.OF INDIA LTD.

Sep-2007

86.36

363.49

52.00

18901.49

101.15

36767.10

17865.61

94.52

 

RURAL ELECTRIFICATION CORP.LTD.

Feb-2008

81.82

70.25

105.00

7376.67

347.40

24406.24

17029.57

230.86

 

NHPC LTD.

Aug-2009

86.36

1062.34

36.00

38244.13

29.10

30914.00

-7330.13

-19.17

 

OIL INDIA LTD.

Sep-2009

78.43

18.86

1050.00

19802.95

1397.65

26359.62

6556.67

33.11

 

TOTAL

 

 

 

 

138837.80

  

289442.55

150604.75

108.48

 

 

(Only PSU IPOs since 2004 onwards, with a listing period of over 1 year have been considered in the study)

 

As can be seen, the Government has made a notional gain of over Rs. 150605 crore or 108% in these 6 IPOs alone as on 19.11.2010
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On 23 November 2010 at 19:37 Report
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Founder & Director - Holistic Investment
19119 Points Posted on 13 May 2014

How to take realistic and rational investment decisions

 

Personality and rationality:

Human behavior is a complicated concoction of three elements: the Id, the Ego and the Superego as per the psychoanalytical theory propounded by Sigmund Freud.

https://top13stocks.blogspot.in/2013/10/how-to-take-realistic-and-rational.html

 

Regards

Ramalingam K, MBA, CFP,                                                                                  

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

(Follow us on):-

https://www.facebook.com/holisticinvestmentplanners

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On 13 May 2014 at 13:21

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