One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj
New investors are better off picking diversified offerings
Government to retain over Rs 16,000 crore of funds from seventh tranche
ONGC and Oil India hit their respective 52-week lows of Rs 111 and Rs 132
Among the positives of the offer, the Nifty CPSE Index's valuations are more reasonable than that of front line indices
Anchor book saw demand from foreign and domestic institutional investors
The base issue size is of Rs 10,000 crore with a greenshoe option to retain a portion of the oversubscription
The government is planning to raise at least Rs 10,000 crore through the seventh tranche of CPSE ETF which will open for anchor investors on Thursday
Central Public Sector Enterprises ETF runs a concentrated portfolio with a handful of stocks having weights of as high as 20 per cent on the underlying index
Sources privy to the development said the offer will have a base issue size of Rs 10,000 crore. Besides, there will be a green-shoe option.
Experts say companies added into index could attract large investor flows
The sharp fall in shares of YES Bank has hit several small investors
The sixth tranche of the CPSE ETF opened for the anchor book on Thursday
The government aims to raise record Rs 1.05 trillion through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal
The government plans to raise up to Rs 10,000 crore from this tranche of the CPSE ETF, which tracks shares of 11 Central Public Sector Enterprises (CPSEs).
Sources said anchor investors placed bids for units worth Rs 20,000 crore against Rs 2,400 crore on offer
The government is expected to use the mutual fund (MF)-route more aggressively as it looks to meet its disinvestment target of Rs 1.05 trillion for 2019-2020
CPSE ETF FFO4 oversubscribed by about 8 times so far against the base issue size of Rs 3,500 crores. Government has decided to retain Rs 10,000 crores, says DIPAM
You can have a limited exposure of 10% and stay invested for two-three years
The ETF is expected to offer a discount to the investors like it has done in the past