News From Press Reliance CPSE issue gets strong response

Reliance CPSE issue gets strong response

Source: Business Line Mar 18, 2017

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).

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