 "Experts say a key reason for few PSU IPOs is that the focus has shifted to raising capital via other means.")
Buoyancy in the secondary markets has turbocharged the primary markets, with more than 50 companies raising a record Rs 1.1 trillion until November by way of initial public offering (IPO).
The Centre, however, has failed to join the bandwagon, missing a golden opportunity to shore up its disinvestment kitty.
Only two public sector undertakings (PSUs) have managed to launch their IPOs, together raising less than Rs 5,500 crore, which is below 5 per cent of this year’s IPO mop-up.
If one looks at the five best years of IPO mobilisation, this is the lowest share of PSU IPOs.
In 2017 — the previous best
