CPSE ETF Follow-on Fund Offer Oversubscribed, Investors Put Rs 25,000 Cr Bids


CPSE ETF Follow-on Fund Offer Oversubscribed, Investors Put Rs 25,000 Cr Bids

The sixth tranche of CPSE ETF has been subscribed over two times, with institutional and retail investors together putting in bids worth about Rs 25,000 crore so far. The government is looking to raise up to Rs 10,000 crore through the follow-on fund offer (FFO) of CPSE Exchange Traded Fund (ETF).

The issue opened for subscription by institutional investors on Thursday and received bids for over Rs 19,000 crore. The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. The number could go up further as the bids are reconciled.

The CPSE ETF tracks shares of 11 central public sector enterprises (CPSEs) — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN. Read more

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