From IRFC to Mazagon Dock, glut of PSU public offers to continue in 2018-19

The spree of initial public offerings of equity (IPO) by state-owned firms will continue in 2018-19. First up are likely to be rail companies Rites and IRFC, which will be taken public by May, Business Standard has learnt.
 
Two more rail public sector undertakings (PSUs), Ircon and RVNL, are expected to follow later in the year. However, the planned IPO of IRCTC has been put in cold storage indefinitely, with neither the rail ministry nor the department of investment and public asset management in favour.
 
The government's combined disinvestment target for 2018-19 is Rs 800 billion. The other