Bharat 22 ETF ipo is going to hit the market on November 15. Bharat 22 ETF (Exchange Traded Fund) to raise 8000 crore. The ETF is a part of government disinvestment. Anchor investors could participate in NFO on November 14th. The FM Arun Jaitley and ministry panel finalized the launch date of NFO.
Bharat 22 ETF includes 22 scripts of public sector units, banks and other entities. Barat-22 scripts are L&T, ITC, Axis Bank, SBI, Power Grid, NTPC, ONGC, NALCO, Indian Oil, Gail, Coal India, Bharat Electronics, Engineers India, Bank of Baroda, NHPC, NBCC (India), Indian Bank and SJVN. Bharat-22 is managed by ICICI Prudential AMC.
Bharat 22 ETF Review:
- Good for Short Term and Long Term
Bharat 22 ETF Dates & Price Band: (Approx)
- IPO Open: 15-November-2017
- IPO Close: 17-November-2017 (Upto 3PM)
- IPO Size: Approx Rs. 8000 Crore (Approx)
- Discount: *3% discount is applicable to all investors.
Bharat 22 ETF Market Lot:
- Minimum Application: Rs.5,000
- Maximum Application: Rs.2,00,000
Bharat 22 ETF Details:
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NFO opened & closed – ICICI Bank
Any idea about this IPO?