The Central Public Sector Enterprises (CPSE) Exchange Trade Fund (ETF) gets overwhelming response as issue gets over-subscribed by wide margin. CPSE ETF FFO gets bids of approx ₹ 12,000 crore (US$ 1.7 billion) -- Over two and half times the Base Issue size of ₹ 4,500 crore (US$471 million). FFO was launched from January 17, 2017 till January 20, 2017. Investors across all categories offered 5% upfront discount.

CPSE ETF FFO received applications from over 2 lakh investors across 300 cities across India. This was the largest Disinvestment Program undertaken by the Government of India using ETF and largest fund offering by any Mutual Fund in India till date. Anchor investors submitted bids of ₹ 6,000 crore (US$ 895.5 Million).

Morgan Stanley, Nomura, Kotak MF, EPFO, SBI Bank, LIC amongst prominent Domestic and Foreign Institutions that participated as Anchor Investors. Non-Anchor portion received bids of ₹ 6,000 crore -- two times of ₹ 3,000 crore ( Base) reserved in the issue. Non-anchor portion was largely subscribed by retail investors and PFS – both domestic and foreign.

Retail Investors will get First Preference and assured allotment as part of the CPSE ETF FFO norms. CPSE ETF FFO planned to raise up to ₹ 4,500 crore (US$ 671 Million). As Base Issue size, with an option to retain over-subscription of ₹ 1500 crore.

Further Fund offer is part of larger Disinvestment Program announced by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance.

Public disinvestment via CPSE ETF FFO attracted overwhelming institutional and retail participation, with retail first-preference and assured allotment. The CPSE ETF further fund offer, launched as part of the government's disinvestment programme, attracted an overwhelming subscription, receiving bids about two and a half times the Base Issue. The offer included a 5% upfront discount, a Base Issue with an option to retain oversubscription, anchor investor participation alongside institutions, and a non-anchor portion largely subscribed by retail and portfolio/fund investors. Retail investors were accorded first preference and assured allotment under the FFO norms.