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A Qualified Institutional Buyer(QIB), applying in an IPO under the Anchor Investor Portion and who has Bid for an amount of atleast ₹10 Crore.
An anchor investor is a qualified institutional buyer (QIB) who submits a bid for value of at least Rs. 1 crore or more in a mainboard IPO or Rs. 1 crore or more at SME IPO in the bookbuilding process. Bidding for anchor investors begins one day prior to the start of the issue.
QIB investors in an IPO include public financial institutions, banks, mutual funds and foreign portfolio investors, VCFs, AIFs and NBFCs who invest money on behalf of their clients.
Anchor investors are QIBs that are allotted shares at a fixed price one day before the public issue. Each investor is required to invest a minimum of Rs 10 crore (Mainboard IPO) / Rs 1 Cr (SME IPO).
Pre-IPO investments by anchor investors create buzz among retail investors. This is generally seen as promoting confidence as institutions make well-researched investment decisions.
Anchor Reservation
Anchor Investor Lock-in Period
Shares purchased by anchor investors in the reserved anchor category are subject to a lock-up period of 30 days for 50% of the shares and 90 days for the remaining 50% of the shares from the grant date.
Anchor Investors Bidding Rules
Anchor Investor Allotment
Answered on
An IPO's Anchor Investors details are published in BSE Notices and NSE Circulars a day before the IPO opens for the public.
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