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CPSE ETF anchor issue subscribed 8 times, opens for retail investors today

Sources said anchor investors placed bids for units worth Rs 20,000 crore against Rs 2,400 crore on offer

BS Reporter 

ETFs, ETF, funds, mutual funds
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The follow-on offering (FFO) has seen encouraging demand, with the anchor investor portion witnessing 8x more demand than the units on offer.

People in the know said placed bids for units worth Rs 20,000 crore against Rs 2,400 crore on offer. Societe Generale, Credit Suisse, Morgan Stanley, Goldman Sachs, Merrill Lynch, Citigroup, Copthall, Avendus, ICICI Prudential Mutual Fund, and Edelweiss Mutual Fund were among the institutional investors who placed bids.

The FFO will be open for retail subscription on Friday. The Centre is looking to mobilise up to Rs 10,000 crore through the latest FFO.

First Published: Fri, July 19 2019. 02:24 IST
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