Goa Shipyard eyes 2019 IPO

Goa Shipyard eyes 2019 IPO

India’s Goa Shipyard is looking to list on a stock exchange through an initial public offering in one year, reports Times of India.

According to Shekhar Mittal, chairman and managing director of Goa Shipyard, the central government has not made any official decision regarding the IPO of the company. However, with a proven track record and a healthy balance sheet, the chances are high. Mittal expects the IPO to happen within a year.

The IPO is expected to be part of the Indian government’s efforts to disinvest its shares in state-owned companies.

Last August, Indian shipbuilding major Cochin Shipyard completed an IPO in which the central government divested shareholdings in the shipyard from 100% to 75%.

Goa Shipyard, located on the banks of river Zuari in Goa, mainly operates shipbuilding, ship repair and ship conversion businesses.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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