FFO of CPSE ETF gets overwhelming response as issue gets oversubscribed by wide margin

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....FO of CPSE ETF gets overwhelming response as issue gets oversubscribed by wide margin <br>News and Press Release<br>Dated:- 21-1-2017<br><BR>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 &#8377; 12,000 crore (US$ 1.7 billion) -- Over two and half times the Base Issue s....

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....ize of &#8377; 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 i....

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....n India till date. Anchor investors submitted bids of &#8377; 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 &#8377; 6,000 crore -- two times of &#8377; 3,000 crore ( Base) reserved in the issue. Non-anchor portion was largely subsc....

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....ribed 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 &#8377; 4,500 crore (US$ 671 Million). As Base Issue size, with an option to retain over-subscription of &#8377; 1500 crore. Further Fund offer is part of larger Disinvestment Program announced by th....

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....e Department of Investment and Public Asset Management (DIPAM), Ministry of Finance.<BR> News - Press release - PIB....