CPSE ETF FFO 2 Allotment Status & Listing

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected]

After receiving subscription to the tune of around Rs. 9,200 crore and successfully raising Rs. 2,500 crore out of it, Reliance Mutual Fund today made the allotment of units for its third tranche of CPSE ETF or Exchange Traded Fund. The further fund offer (FFO), which got opened for subscription on March 15 and closed on March 17, received a good response from the Anchor Investors as well as Non-Anchor Investors, including retail investors.

Units Allotted @ Rs. 26.8504 Per Unit – Retail applicants, who submitted applications for Rs. 2 lakh worth of CPSE ETF FFO 2 units, have been allotted 5,503 units @ Rs. 26.8504 per unit. That translates into an allotment worth Rs. 1,47,758 as against Rs. 2 lakh investment i.e. 73.88% allotment. Rest of the investment amount will be refunded by Reliance Mutual Fund to the investors directly in their respective bank accounts which are linked to their demat accounts.

Balance amount on account of fractional FFO 2 units would have been refunded to the investors’ bank accounts linked to their demat accounts.

Gain of 4.13% – As compared to today’s closing price of Rs. 27.96 on the NSE, allotment @ Rs. 26.8504 would translate to a gain of Rs. 4.13%, including the discount of 3.5% offered by the government to its investors. Its last tranche in January 2017 provided a return of 9.26%, including 5% discount, before listing on the stock exchanges. Though 4.13% return is not even 50% what investors could earn in tranche 2, it is still a decent listing gain in a short period of investment.

CPSE ETF Allotment Link –  Here is the link to check the allotment status against your application submitted during the offer period – Allotment Status of CPSE ETF FFO 2. You can check the allotment status of your investment in this ETF by entering your application number or PAN number or DP ID – Client ID.

Contact Karvy Computershare on 1800 3454 001 for Allotment Issues or Queries – If you have not received any message or mail regarding its allotment and if it is not there in your demat account as well, you can contact the Registrar, Karvy Computershare on 1800 3454 001 or Reliance Mutual Fund on 1800 300 11111.

NSE & BSE Codes for CPSE ETF – You can easily track the current market price of this ETF by visiting any of these links of NSE or BSE:

NSE Link of CPSE ETF – Symbol – CPSEETF, ISIN – INF457M01133

BSE Link of CPSE ETF – Security ID – CPSEETF, Security Code – 538057, ISIN – INF457M01133

Listing on March 28 – Units of this CPSE ETF will be admitted for listing and trading on the stock exchanges effective today i.e. March 28. Here are the listing circulars of this ETF posted on the NSE and BSE:

NSE Listing Circular

BSE Listing Circular

If you have any more info about its allotment or any query regarding CPSE ETF or this FFO, please share it here. I’ll try to respond to it as soon as possible.

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