Reliance CPSE second ETF further fund offer’gets subscribed by over 3.7 times on the last day of the issue. The offer has received Rs 9,200 crore in subscription as against issue size of Rs 2,500 crore.
Over 1.2 lakh retail applications received for subscription, the fund house said in a release.
While institutional portion was oversubscribed 7.6 times (Rs 5,700 crore against Rs 750 crore), the retail portion has received bids for two times (Rs 3,500 crore against Rs 1,750 crore)/
"We, as Reliance, are delighted to have raised subscription interest of over Rs 23,000 crore in the ETF in last two months leading to disinvestment of Rs 8,500 crore. This clearly shows the future potential of fund raising through ETFs. We thank the government for this opportunity and will be happy to support them in their future disinvestment programs through ETFs " said Sundeep Sikka, ED and CEO, Reliance Mutual Fund.