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TMI BlogFFO of CPSE ETF gets overwhelming response as issue gets oversubscribed by wide marginX X X X Extracts X X X X X X X X Extracts X X X X ..... FFO of CPSE ETF gets overwhelming response as issue gets oversubscribed by wide margin X X X X Extracts X X X X X X X X Extracts X X X X ..... size of ₹ 4,500 crore (US$471 million). FFO was launched from January 17, 2017 till January 20, 2017. Investors across all categories offered 5% upfront discount. CPSE ETF FFO received applications from over 2 lakh investors across 300 cities across India. This was the largest Disinvestment Program undertaken by the Government of India using ETF and largest fund offering by any Mutual Fund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in India till date. Anchor investors submitted bids of ₹ 6,000 crore (US$ 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 subs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cribed 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Department of Investment and Public Asset Management (DIPAM), Ministry of Finance. X X X X Extracts X X X X X X X X Extracts X X X X
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