CPSE ETF FFO5 clocks highest-ever retail participation

New Delhi: Retail investors subscribed to Rs 4,922 crore of the fifth tranche of further fund offer (FFO) of the existing Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF), said Department of Investment and Public Asset Management (DIPAM) secretary Atanu Chakraborty.

“CPSE ETF FFO5 clocked highest-ever retail participation in any ETF offer of Dipam,” he said in a tweet, adding that the offer received 3.18 lakh applications.

Last week, the government had said that the offer was oversubscribed by five times and the government received subscription amount of more than Rs 40,000 crore as against the base issue size of Rs 8,000 crore.

“Government exercises green shoe option, taking offer size to Rs 11,500 crore,” Chakraborty had said. The government has set a target of Rs 1.05 lakh crore from disinvestment proceeds in the current financial year.


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