@network engineer, fill deliver instruction slip of minor account. Mention the demat account number of the any major who has trading account. Submit it to the broker where minor has demat. Then in a day or two, share will be transferred to major account. Then you can sell those share.
Govt to sell up to 25% stake in 4 defence PSUs via IPO
The government is planning to list four of its defence PSUs by selling up to 25 per cent stake in each of them through an initial public offering (IPO).
The Department of Investment and Public Asset Management (DIPAM) has through an advertisement invited bids from registrars for disinvestment of up to 25 per cent stake each in Bharat Dynamics, Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders and Mishra Dhatu Nigam Ltd.
The bids have to be submitted by August 18 to DIPAM, which handles disinvestment of public sector enterprises, the tender said.
The Cabinet in April cleared the disinvestment of these 4 PSUs under the defence ministry, and thereafter DIPAM invited bids from merchant bankers and legal advisors for managing the stake sales.
Miniratna PSU Bharat Dynamics (BDL) was established in 1970 and is a manufacturer of guided missiles and allied defence equipment.
The authorised share capital is Rs 125 crore and the paid-up equity capital is Rs 122.19 crore as on January 31, 2017.
BDL earned a profit-after-tax (PAT) of Rs 563.24 crore in 2015-16 and has a net worth of Rs 1,652.23 crore.
Garden Reach Shipbuilders & Engineers was incorporated in 1934 and was taken over by the government in 1960. It primarily constructs warships and auxiliary vessels for the Navy and the Coast Guard.
Its authorised share capital is Rs 125 crore and paid-up share capital is Rs 123.84 crore as on January 31, 2017.
The company''s PAT for 2015-16 is Rs 160.72 crore and net worth stood at Rs 1,064.41 crore.
Miniratna PSU Mazagon Dock Shipbuilders (MDL) is the lead shipyard of India serving the nation''s strategic requirements. At present, MDL is constructing three major warship building projects and one submarine project.
It was established as a public limited company in 1934. In 1960, the government took over the yard to further augment its warship development programme and incorporated it as a PSU under the ministry.
The authorised share capital of MDL is Rs 323.72 crore and paid-up share capital is Rs 249 crore as on March 31, 2016. The PAT for the fiscal 2015-16 is Rs 637.82 crore and its net worth stood at Rs 2,846.23 crore.
Mishra Dhatu Nigam (MIDHANI) is engaged in production of metals and alloys as part of an import substitution strategy, which is designed to reduce India''s reliance on foreign suppliers and achieve self-sufficiency.
The authorised capital of the company is Rs 200 crore and the paid-up capital is Rs 187.34 crore as on January 31, 2017. Its PAT for the fiscal 2015-16 is Rs 118.03 crore while net worth stood at Rs 576.56 crore.
The government has already raised over Rs 8,800 crore through disinvestment in six companies, including selling stake in L&T through Specified Undertaking of Unit Trust of India (SUUTI), and one share buyback.
The government has budgeted to raise Rs 72,500 crore through stake sale in PSUs. This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU insurance companies.
I have a doubt.. I applied as a HNI for 480 shares and it got applied successfully. amount also got blocked for 207000 approx..however got a msg from nse saying app no. xxx received for an amount 197000 approx. They have applied 5% discount. So will my app be considered as retail or hni? pls help
670.1. P Patel| Link| Bookmark|
August 4, 2017 4:19:18 PM
IPO Mentor (900+ Posts, 900+ Likes)
Marudhanayagam - Are you sure, you have NSE, it seems your application is considered as Retail category and accordingly after deducting 5% discount amount is shown.
Meanwhile you can check in your bank account, what amount has been blocked. 197280 or 207360...
HNI or NIB also oversubscribed about 288.88%. Not sure if allotment will be again lottery in HNI. I had applied in CDSL in HNI for 6 lakhs but didn''t receive any share.
Senior boarders , small query , shall we able to open demat account for my partnership firm and apply for IPOs from current account , also all the individual partnership of the firm have demat account and i am applying IPOs regularly from their account ... Guidance req
Hi friends..! Did anybody get message or sms for cochin shipyard? I applied through sbi ASBA, among is blocked however I did not get any sms or email regarding this.....
Dont worry, I had same thing happened with me in Dmart application. My 5 applications were showing 2 bid id''s when checking on BSE site. But I had got allotment in 2 out of these 5 apps, so dont worry about that.