• Budget sets Disinvestment target of Rs. 72,500 crore
  •  
  • Home
  • Dilution of Government Stake through Fresh Capital Raising

Dilution of Government Stake through Fresh Capital Raising

Dilution of Government Stake through Fresh Capital Raising

(as on 26 May 2017)

Several PSUs have chosen to issue fresh capital through an IPO or an FPO.While this does reduce the government stake, this is not classified as Disinvestment, as there is no sale of existing equity by the Government.

SL. NO. COMPANY
(NAME AS AT THE TIME OF ISSUE)
OPENING
DATE
IPO/ FPO/ IPP/ QIP FRESH CAPITAL
(Rs.crore)
FRESH CAPITAL AS % OF POST ISSUE CAPITAL ISSUE AMOUNT
(Rs.crore)
% GOVT. HOLDING PRIOR TO ISSUE % GOVT. HOLDING AFTER ISSUE VALUE OF GOVT. HOLDING AS ON ISSUE DATE (Rs.crore)
CPSEs at the time of Issue (CPSEs defined as companies where the direct holding of the Central Government or of other CPSEs is 51% or more)
1 BHARAT EARTH MOVERS LTD.  27/06/2007  FPO 526.75  11.77  526.75  61.23  54.03  2418.75 
2 HINDUSTAN ORGANIC CHEMICALS LTD.  10/11/1994  FPO 57.25  17.00  57.25  80.00  58.62  197.41 
3 INDIAN PETROCHEMICALS CORP.LTD.  16/11/1992  FPO 320.00  9.66  320.00  80.00  71.87  2380.80 
4 MADRAS FERTILIZERS LTD.  12/05/1997  IPO 42.94  17.25  42.94  69.78  57.74  143.78 
5 MADRAS REFINERIES LTD.  23/03/1994  FPO 118.47  10.30  118.47  67.70  51.81  618.13 
6 NATIONAL THERMAL POWER CORP.LTD.  07/10/2004  IPO 2684.07  5.25  5368.15  100.00  89.50  45753.73 
7 NHPC LTD.  07/08/2009  IPO 4025.70  9.09  6038.55  100.00  86.36  38244.13 
8 OIL INDIA LTD.  07/09/2009  IPO 2777.25  11.00  2777.25  88.13  78.43  19802.95 
9 POWER FINANCE CORP.LTD.  31/01/2007  IPO 997.19  10.22  997.19  100.00  89.78  8758.83 
10 POWER FINANCE CORP.LTD.  10/05/2011  FPO 3433.65  13.04  4578.20  89.78  73.72  19753.15 
11 POWER GRID CORP.OF INDIA LTD.  10/09/2007  IPO 1989.63  9.09  2984.45  100.00  86.36  18901.52 
12 POWER GRID CORP.OF INDIA LTD.  09/11/2010  FPO 3721.17  9.09  7442.34  86.36  69.42  28926.22 
13 POWER GRID CORP.OF INDIA LTD.  03/12/2013  FPO 5321.31  11.50  6958.64  69.42  57.90  27259.52 
14 POWER TRADING CORP.OF INDIA LTD.  01/03/2004  IPO 93.60  39.00  93.60       
15 PTC INDIA LTD.  10/01/2008  QIP 1199.99  34.04  1199.99  32.00  21.11  744.00 
16 PTC INDIA LTD.  21/05/2009  QIP 499.99  22.67  499.99  21.11  16.32  360.00 
17 RURAL ELECTRIFICATION CORP.LTD.  19/02/2008  IPO 819.63  9.09  1639.26  100.00  81.82  7376.67 
18 RURAL ELECTRIFICATION CORP.LTD.  19/02/2010  FPO 2647.53  13.04  3530.04  81.82  66.80  13587.90 
19 SHIPPING CORP.OF INDIA LTD.,THE  30/11/2010  FPO 582.45  9.09  1164.90  80.12  63.75  4157.16 
20 TAMILNADU TELECOMMUNICATIONS LTD.  09/05/1991  IPO 5.00  46.60  5.00       
  SUB TOTAL     31863.59    46342.97       
PSBs at the time of Issue (PSBs defined as Banks where the direct holding of the Central/State Government or other PSBs is 51% or more)
1 ALLAHABAD BANK  23/10/2002  IPO 100.00  28.84  100.00  100.00  71.16  246.70 
2 ALLAHABAD BANK  06/04/2005  FPO 820.00  22.39  820.00  71.16  55.23  2022.94 
3 ANDHRA BANK  14/02/2001  IPO 150.00  33.33  150.00  100.00  66.67  300.00 
4 ANDHRA BANK  16/01/2006  FPO 765.00  17.53  765.00  62.50  51.55  2250.00 
5 BANK OF BARODA  05/12/1996  IPO 850.00  33.78  850.00  100.00  66.22  1666.00 
6 BANK OF BARODA  16/01/2006  FPO 1633.00  19.49  1633.00  66.83  53.81  4508.00 
7 BANK OF INDIA  21/02/1997  IPO 675.00  23.47  675.00  100.00  76.52  2200.50 
8 BANK OF INDIA  04/02/2008  QIP 1359.81  7.19  1359.81  69.47  64.47  12188.88 
9 BANK OF MAHARASHTRA  25/02/2004  IPO 230.00  23.23  230.00  100.00  76.77  760.20 
10 CANARA BANK  18/11/2002  IPO 385.00  26.83  385.00  100.00  73.17  1050.00 
11 CANARA BANK  09/03/2011  QIP 1993.20  7.45  1993.20  73.17  67.72  18120.00 
12 CENTRAL BANK OF INDIA  24/07/2007  IPO 816.00  19.80  816.00  100.00  80.20  3306.24 
13 CORPORATION BANK  03/10/1997  IPO 304.00  31.67  304.00  100.00  68.33  656.00 
14 DENA BANK  28/10/1996  IPO 180.00  29.01  180.00  100.00  70.98  440.46 
15 DENA BANK  24/01/2005  FPO 216.00  27.89  216.00  70.99  51.19  396.41 
16 GIC HOUSING FINANCE LTD.  19/12/1994  IPO 22.54  25.05  22.54       
17 IDBI BANK LTD.  09/02/1999  IPO 72.00  28.57  72.00       
18 IND BANK HOUSING LTD.  07/10/1991  IPO 2.40  24.00  2.40       
19 INDBANK MERCHANT BANKING SERVICES LTD.  18/03/1994  IPO 36.02  49.00  36.02       
20 INDIAN BANK  05/02/2007  IPO 782.14  20.00  782.14  100.00  80.00  3128.76 
21 INDIAN OVERSEAS BANK  25/09/2000  IPO 111.20  25.00  111.20  100.00  75.00  333.60 
22 INDIAN OVERSEAS BANK  05/09/2003  FPO 240.00  18.36  240.00  75.00  61.23  800.64 
23 INDIAN OVERSEAS BANK  17/05/2016  QIP 261.94  4.83  261.94  77.32  73.58  3989.37 
24 JAMMU & KASHMIR BANK LTD.,THE  13/05/1998  IPO 70.30  38.14  70.30  85.91  53.15  97.95 
25 LIC HOUSING FINANCE LTD.  15/09/1994  IPO 113.51  25.22  113.51       
26 LIC HOUSING FINANCE LTD.  15/09/2009  QIP 658.00  10.53  658.00  40.84  36.54  2282.50 
27 ORIENTAL BANK OF COMMERCE  05/10/1994  IPO 360.00  31.52  360.00  100.00  67.23  768.00 
28 ORIENTAL BANK OF COMMERCE  25/04/2005  FPO 1450.00  23.15  1450.00  66.48  51.09  3200.00 
29 PNB HOUSING FINANCE LTD.  25/10/2016  IPO 3000.00  23.37  3000.00       
30 PUNJAB & SIND BANK  13/12/2010  IPO 470.82  17.93  470.82  100.00  82.07  2196.67 
31 PUNJAB NATIONAL BANK  21/03/2002  IPO 164.49  20.00  164.49  100.00  80.00  657.95 
32 PUNJAB NATIONAL BANK  07/03/2005  FPO 3120.00  23.17  3120.00  80.00  61.47  8277.41 
33 SBI HOME FINANCE LTD.  15/02/1993  IPO 4.60  30.65  4.60       
34 STATE BANK OF BIKANER & JAIPUR  20/11/1997  FPO 65.94  24.42  65.94  99.21  75.00  202.50 
35 STATE BANK OF INDIA  28/01/2014  QIP 8031.65  6.87  8031.65  63.86  57.09  66706.74 
36 STATE BANK OF MYSORE  31/05/2013  IPP 66.14  2.53  66.14  92.33  90.00  2355.06 
37 STATE BANK OF TRAVANCORE  08/12/1997  FPO 69.24  23.08  69.24  1.50  1.05  3.15 
38 SYNDICATE BANK  25/10/1999  IPO 125.00  26.48  125.00  100.00  73.52  346.97 
39 SYNDICATE BANK  07/07/2005  FPO 250.00  9.58  250.00  73.52  66.47  1734.84 
40 UCO BANK  03/09/2003  IPO 240.00  25.02  240.00  100.00  74.98  719.23 
41 UNION BANK OF INDIA  20/08/2002  IPO 288.00  39.13  288.00  100.00  60.87  448.00 
42 UNION BANK OF INDIA  15/02/2006  FPO 495.00  8.91  495.00  60.85  55.43  3080.00 
43 UNITED BANK OF INDIA  23/02/2010  IPO 325.15  15.80  325.15  100.00  84.20  1758.44 
44 UNITED BANK OF INDIA  21/03/2017  QIP 127.49  3.94  127.49  88.72  85.23  2759.38 
45 VIJAYA BANK  27/11/2000  IPO 100.00  27.84  100.00  100.00  72.16  259.24 
46 VIJAYA BANK  09/10/2003  FPO 240.00  23.07  240.00  70.02  53.87  560.44 
  SUB TOTAL     31840.60    31840.60       
PSFIs at the time of Issue (PSFIs defined as Financial Institutions where the direct holding of the Central Government or other PSFIs is 51% or more)
1 INDUSTRIAL CREDIT & INVESTMENT CORP.OF INDIA LTD.,THE  13/02/1991  FPO 82.00  28.96  82.00       
2 INDUSTRIAL DEVELOPMENT BANK OF INDIA  05/07/1995  IPO 1747.20  20.12  1934.66  100.00  72.69  6312.54 
3 INDUSTRIAL FINANCE CORP.OF INDIA LTD.,THE  07/12/1993  IPO 525.00  42.42  525.00       
4 SHIPPING CREDIT & INVESTMENT CO.OF INDIA LTD.  04/02/1991  IPO 25.00  33.33  25.00       
5 TOURISM FINANCE CORP.OF INDIA LTD.  26/09/1994  IPO 51.00  25.36  51.00       
  SUB TOTAL     2430.20    2617.66       
SLPEs at the time of Issue (SLPEs defined as companies where the direct holding of the State Government or other SLPEs is 51% or more)
1 GUJARAT INDUSTRIES POWER CO.LTD.  13/10/2005  FPO 200.00  19.45  200.00       
2 GUJARAT STATE FINANCIAL CORP.  11/02/1997  IPO 47.00  24.71  47.00  68.56  51.62  98.18 
3 GUJARAT STATE PETRONET LTD.  24/01/2006  IPO 372.60  25.45  372.60       
4 HARYANA FINANCIAL CORP.LTD.  18/05/1995  IPO 20.26  24.94  20.26  73.11  54.88  44.58 
5 OPTEL TELECOMMUNICATIONS LTD.  30/06/1995  IPO 43.75  25.00  43.75       
6 PUNJAB COMMUNICATIONS LTD.  24/10/1994  IPO 105.27  26.17  105.27       
7 PUNJAB WIRELESS SYSTEMS LTD.  27/10/1993  IPO 15.02  58.23  15.02       
8 TAMIL NADU NEWSPRINT & PAPERS LTD.  27/11/1995  IPO 220.00  28.57  220.00  48.89  34.92  268.89 
  SUB TOTAL     1023.90    1023.90       
Other Companies where Central and/or State Governments and/or Government Companies and/or Government Financial Institutions had the single largest shareholding at the time of issue
1 ICICI LTD.  09/09/1999  FPO 275.21  6.83  275.21       
2 INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD.  15/07/2005  IPO 408.00  10.69  1372.24  34.91  23.29  888.76 
3 PETRONET LNG LTD.  01/03/2004  IPO 391.47  34.80  391.47       
  SUB TOTAL     1074.68    2038.92       
  TOTAL     68232.97    83864.04       

SOURCE : PRIME Database