More PSU IPOs, OFS, 'value creation' for small shareholders on the anvil: DIPAM Secy Exclusive

Arunish Chawla, the Secretary for the Department of Disinvestment and Public Asset Management (DIPAM) is keeping is "fingers crossed" that the department will beat its disinvestment target of ₹47,000 crore during the current financial year.

In an exclusive interaction at Network18's Reforms Reloaded event on Monday, September 22, Chawla said tha there will be more Offers for Sale (OFS)', few IPOs and more value creation opportunities for the small retail investor.

"You can expect honest gratitude from us to the small investor," Chawla said.

The DIPAM Secretary also expressed optimism that the disinvestment of IDBI Bank will be completed by the end of the current financial year.

Chawla also said that while one to two major strategic disinvestments would take place, the market could expect at least half-a-dozen Offers for Sale (OFS) to take place soon.

On being asked whether what kind of strategic disinvestments are on the anvil, Chawla responded saying "wait and watch."

The government's dividend policy for small shareholders will continue as is, according to the DIPAM Secretary, who said that they are hopeful of exceeding the dividend number in financial year 2026, compared to the previous financial year. Over ₹1.20 lakh crore was paid out as dividends by Public Sector Units (PSUs), in the previous financial year.

This is a breaking and developing story.