Govt gets ₹17,000 cr from CPSE ETF follow on offer2 min read 30 Nov 2018, 07:29 PM IST
The government had hit the markets with the fourth tranche of CPSE ETF on November 27
New Delhi: The government has garnered more than ₹ 17,000 crore from the CPSE ETF follow on offer, the biggest ever fund raising from an exchange traded fund domestically. The offer attracted around ₹ 25,000 crore worth of bids from FPIs, domestic institutions and retail investors in the follow on fund offer (FFO) of CPSE ETF, which closed Friday.The CPSE ETF had a base issue size of ₹ 8,000 crore, with a green-shoe option to retain additional subscription of ₹ 6,000 crore. The total issue size was ₹ 14,000 crore.