Monday, 27 November 2017

Bharat 22 ETF lists at Rs 36.30 on BSE


Dalal Street
Bharat 22 ETF made a decent debut on Tuesday on the BSE, as the open-ended exchange traded fund got listed at Rs 36.30/unit on BSE, a 0.91% premium over its issue price of Rs 35.97 per unit.

The ETF has been included in the BSE B group of securities with a scrip code 540787.

The portion reserved for retail investors was subscribed 1.45 times; retirement funds 1.50 times and non-institutional investors (NIIs) and qualified institutional buyers (QIBs) 7 times.

The government has raised Rs14,500cr through the open-ended exchange traded fund, comprising 22 stocks.

The PSUs that are part of the new Bharat ETF 22 includes ONGC, IOC, SBI, BPCL, Coal India and Nalco.

The other CPSEs on the list are Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL and NLC India. Only three public sector banks are included - SBI, Indian Bank and Bank of Baroda.
 

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