Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion
Gaming firm Nazara Technologies on Tuesday said it has mopped up a little over Rs 261 crore from from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday
LIC, SBI asked to chip in to meet demand shortfall, says sources
The price band for the FPO is Rs 12 to Rs 13 per share; shares allotted to anchor investors are at the lower end of the price band
The investors include Massachusetts Institute of Technology, Vantage Equity Fund and 238 Plan Associates
The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.
The base issue size is of Rs 10,000 crore with a greenshoe option to retain a portion of the oversubscription
Singapore govt, CX Partners are key anchor investors
Sources said anchor investors placed bids for units worth Rs 20,000 crore against Rs 2,400 crore on offer
Anchor or cornerstone investors are institutional investors, such as mutual funds