Four well-known state-owned firms including Rail Vikas Nigam and Mazagon Dock Shipbuilders have already filed draft papers with the markets regulator Sebi for Initial public offerings (IPO). There are two other PSUs Warship Maker Garden Reach Shipbuilders & Engineers and Railway infrastructure firm Ircon International have filed IPO papers too.

These IPOs will be a part of the government’s total target to garner INR 80,000 Crore through IPO sales in the year of 2018-19. RVNL and Mazagon Dock had filed DRHP (Draft red herring prospectus) with SEBI on 28th March and Garden Reach and Ircon International approached the regulator on 26th March.

So, investors, be ready. 4 new IPOs are on the way.