# When does the additional offering of Bharat 22 ETF open and how do I apply for it?
**URL:** https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713
**Category:** General
**Created:** [February 13, 2019, 3:55am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713 "2019-02-13T03:55:20Z")
**Posts on this page:** 16
**Page:** 1
### Author:  [@Sam\_indori](https://tradingqna.com/u/Sam_indori)
#### Post date: [February 13, 2019, 3:55am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/1 "2019-02-13T03:55:20Z")
When does the additional offering of Bharat 22 ETF open and how do I apply for it?
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 13, 2019, 4:25am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/3 "2019-02-13T04:25:27Z")
> [@Sam\_indori](#):
>
> When does the additional offering of Bharat 22 ETF open and how do I apply for it?
The additional offering is open for subscription on February 14, 2018, and closes on the same day. A discount of 5% will be applicable to all investors. The govt hopes to raise Rs 3500 cr from the issue to meet its disinvestment target.
The Bharat 22 ETF tracks the S&P BSE Bharat 22 index. Here are the constituents of the index\* and weights.
| Company Name | Industry | Weight |
| --- | --- | --- |
| National Aluminium Co Ltd | Basic Materials | 4.85 |
| Total - Basic Materials (%) | | 4.85 |
| Oil & Natural Gas Corp Ltd | Energy | 4.99 |
| Indian Oil Corp Ltd | Energy | 3.49 |
| Bharat Petroleum Corp Ltd | Energy | 3.28 |
| Coal India Ltd | Energy | 3.66 |
| **Total - Energy (%)** | | **15.43** |
| State Bank of India | Finance | 10.12 |
| Axis Bank Ltd | Finance | 12.23 |
| Bank of Baroda | Finance | 0.99 |
| Rural Electrification Corp Ltd | Finance | 0.94 |
| Power Finance Corp Ltd | Finance | 0.86 |
| Indian Bank | Finance | 0.18 |
| **Total - Finance (%)** | | **25.33** |
| ITC Ltd | FMCG | 16.45 |
| **Total - FMCG (%)** | | **16.45** |
| Larsen & Toubro Ltd | Industrials | 15.91 |
| Bharat Electronics Ltd | Industrials | 1.65 |
| Engineers India Ltd | Industrials | 0.77 |
| 16 NBCC (India) Ltd | Industrials | 0.66 |
| **Total - Industrials (%**) | | **18.99** |
| Power Grid Corp of India Ltd | Utilities | 6.57 |
| NTPC Ltd | Utilities | 6.76 |
| GAIL India Ltd. | Utilities | 4.5 |
| NHPC Ltd. | Utilities | 0.85 |
| NLC India Ltd. | Utilities | 0.11 |
| SJVN Ltd. | Utilities | 0.16 |
| **Total - Utilities (%)** | | **18.95** |
| Index | P/E Ratio | P/B Ratio | Dividend Yield |
| --- | --- | --- | --- |
| S&P BSE Bharat 22 | 18.44 | 1.83 | 2.55% |
| S&P BSE Sensex | 23.7 | 3.06 | 1.16% |
**How to apply for the FFO?**
We will open up the [order collection window here.](https://zerodha.com/bharat22/)
> [@How is the discount for Bharat 22 NFO calculated?](https://tradingqna.com/t/how-is-the-discount-for-bharat-22-nfo-calculated/25973):
>
> I was reading this Bharat 22 ETF [post](https://tradingqna.com/t/how-do-i-apply-for-the-nfo-of-bharat-22-etf/24744) and read that there is a discount of 3% for retail investors and this is calculated based on the Reference Market Price of the underlying. Does this mean 3% discount on the NAV or is there is a different way of calculating this?
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### Author:  [@vasantkaneria](https://tradingqna.com/u/vasantkaneria)
#### Post date: [February 12, 2019, 12:31pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/4 "2019-02-12T12:31:01Z")
I read that the Bharat 22 ETF opens on Feb 14 2019, could someone explain how do I apply for this through Zerodha?
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### Author:  [@weaver\_bird](https://tradingqna.com/u/weaver_bird)
#### Post date: [February 13, 2019, 2:36am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/5 "2019-02-13T02:36:35Z")
> [@Bharat 22 feb 2019](https://tradingqna.com/t/bharat-22-feb-2019/54685/1):
>
> could someone explain how do I apply for this through Zerodha?
It will be updated here
> **[Bharat 22 ETF - Zerodha](https://zerodha.com/bharat22/)**
>
> Bharat22 ETF open for subscription. Apply now through Zerodha
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### Author:  [@PR4575](https://tradingqna.com/u/PR4575)
#### Post date: [February 13, 2019, 9:02am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/8 "2019-02-13T09:02:23Z")
when will be the units credited to demat?
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 13, 2019, 9:05am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/9 "2019-02-13T09:05:54Z")
> [@PR4575](#):
>
> when will be the units credited to demat?
Within 15 days of close of the issue.
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### Author:  [@PR4575](https://tradingqna.com/u/PR4575)
#### Post date: [February 13, 2019, 12:29pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/10 "2019-02-13T12:29:53Z")
> [@Bhuvan](#):
>
> Within 15 days of close of the issue.
Omg…that’s too much. Skipping…
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 13, 2019, 1:05pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/11 "2019-02-13T13:05:38Z")
> [@PR4575](#):
>
> Omg…that’s too much. Skipping…
Usually happens within a week, just like any IPO. 🙂
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### Author:  [@Ddude](https://tradingqna.com/u/Ddude)
#### Post date: [February 13, 2019, 4:20pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/12 "2019-02-13T16:20:47Z")
Is there any holding period for the ETF? What if I want to sell within few months?
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 13, 2019, 4:22pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/13 "2019-02-13T16:22:36Z")
> [@Ddude](#):
>
> Is there any holding period for the ETF? What if I want to sell within few months?
No holding period. An ETF is just like a stock, you can buy and sell anytime you want.
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### Author:  [@Ddude](https://tradingqna.com/u/Ddude)
#### Post date: [February 13, 2019, 4:26pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/14 "2019-02-13T16:26:36Z")
Then why will people not take advantage of the Arbitrage Opportunity and gain 5% (5% discount)
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### Author:  [@BalajiCanabady](https://tradingqna.com/u/BalajiCanabady)
#### Post date: [February 13, 2019, 4:44pm UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/15 "2019-02-13T16:44:37Z")
> [@Bhuvan](#):
>
> The govt hopes to raise Rs 3500 cr from the issue to meet
**upcoming 2019 election costs…**
Beware of this fund that has generated only negative returns since its introduction (around **-10%** since last year)
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### Author:  [@CoolBird](https://tradingqna.com/u/CoolBird)
#### Post date: [February 14, 2019, 3:18am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/16 "2019-02-14T03:18:46Z")
yes its a clear cut no go…stay away.
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### Author:  [@Ddude](https://tradingqna.com/u/Ddude)
#### Post date: [February 14, 2019, 5:58am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/17 "2019-02-14T05:58:42Z")
How do we apply for this ETF thru Zerodha?
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 14, 2019, 6:04am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/18 "2019-02-14T06:04:06Z")
> [@Ddude](#):
>
> Then why will people not take advantage of the Arbitrage Opportunity and gain 5% (5% discount)
They do 🙂
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 14, 2019, 6:04am UTC](https://tradingqna.com/t/when-does-the-additional-offering-of-bharat-22-etf-open-and-how-do-i-apply-for-it/54713/19 "2019-02-14T06:04:23Z")
> [@Ddude](#):
>
> How do we apply for this ETF thru Zerodha?
> **[Bharat 22 ETF - Zerodha](https://zerodha.com/bharat22/)**
>
> Bharat22 ETF open for subscription. Apply now through Zerodha