ICICI Prudential has initiated the allotment process of Bharat 22 ETF and I think most of the investors must have received the allotment SMS or mail from ICICI Pru or their respective brokers or DPs by now. If you have not received any such intimation mail/SMS regarding the same, then you can check your allotment status from this link available on the website of ICICI Pru AMC – Bharat 22 Allotment Status.
Bharat 22 ETF offer period started on November 15 for the non-anchor investors and closed on November 17. It received an overwhelming response from the anchor investors, Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) and got subscription worth Rs. 31,750 crore approximately. Though retail category and retirement fund categories remained undersubscribed, but given their share of reservation, it was nowhere a bad response from either of them.
Units Allotted @ Rs. 35.97 Per Unit – Retail applicants, who submitted an application of Rs. 2 lakh worth of Bharat 22 units, have been allotted 5,560 units @ Rs. 35.97 per unit, which makes it Rs. 1,99,993.20 as against Rs. 2 lakh investment. So, it is 100% allotment this time around for a government backed ETF. Investors will get the balance investment amount credited directly to their respective bank accounts.
Discount of 3% – Allotment Price of Rs. 35.97 a unit has already incorporated the discount of 3% committed by the government. It makes its market value to be Rs. 37.08 a unit. However, as compared to Friday’s closing level of 3,748.85 for the S&P BSE Bharat 22 Index, the allotment price of Rs. 35.97 translates into a notional gain of 4.22% before listing.
PAN, DP ID – Client ID Required – You can check the allotment status of your investment in this ETF by entering your PAN number and DP ID – Client ID as you visit the allotment status link for this ETF.
Contact ICICI Pru AMC or CAMS for Allotment Issues or Queries – If you have not received any intimation, message or mail regarding its allotment and if it is not there in your demat account as well, you can either contact ICICI Prudential AMC on its toll-free no. 1800 000 6666 or 1800222 999 or its Registrar, Computer Age Management Services (CAMS) on 1800 200 2267 or 1800 419 2267.
Expected Listing on November 28 or 29 – Units of this ETF will be credited to our demat accounts on Monday and listing is expected within 2 working days post allotment.
If you have any more info about its allotment or any other query regarding Bharat 22 ETF, please share it here. I’ll try to respond to it as soon as possible.