CPSE ETF FFO received applications from over two lakh investors from 300 cities across India
GN Bureau | January 21, 2017
The central public sector enterprise (CPSE) exchange traded fund (ETF) gets bids of around Rs 12,000 crore – over two and a half times the base issue size of Rs 4,500 crore, a PIB release said.
ETF is a marketable security that tracks a commodity or bonds, and trades like a common stock on stock exchange.
CPSE ETF further fund offer (FFO) received applications from over two lakh investors from 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 Rs 6,000 crore.
CPSE ETF FFO is part of larger disinvestment program announced by the department of investment and public asset management (DIPAM), ministry of finance. FFO was launched from January 17-20, 2017. Investors across all categories offered five percent upfront discount.
EPFO, SBI Bank, LIC, Morgan Stanley, Nomura and Kotak MF amongst prominent domestic and foreign institutions participated as anchor investors. The non-anchor portion received bids of Rs 6,000 crore – two times of Rs 3,000 crore (base) reserved in the issue. Non-anchor portion was largely subscribed by retail investors and PFS – both domestic and foreign.
Half way through the year 2020, it has been a tough time all around the world: Covid-19 epidemic, loss of lives, economic hardships and also numerous other problems – natural disasters and political protests. Coming together, it all has mental health under immense strain. To discuss this and othe
In a first, the Department of Home Science, Sri Padmavati Mahila Visvavidayalam (Women’s University) Tirupati, Andhra Pradesh, recently organized an international webinar on “Nutrition and Immune System Support during COVID-19 Pandemic”. Speakers included eminent national and internationa
Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1
A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio
Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that
India, facing China’s aggressiveness at border, has banned 59 smartphone apps, including TikTok, as they were indulging in activities harmful to India’s sovereignty and integrity. The reason cited was: “in view of information available they are engaged in activities which [