Domestic institutions lend their weight as anchors in IPOs

HDFC MF, Birla Sun Life MF, and Reliance MF have emerged the biggest anchor investors, having put in more than Rs 400 crore each this year

Domestic institutional investors, particularly mutual funds, have played an active role as anchor investors in initial public offerings (IPOs) this year.

They have invested nearly 50 per cent of the Rs 9,800 crore of anchor money invested in IPOs this year, data from Prime Database shows. 

The anchor book was driven mainly by foreign players in the last IPO cycle of 2009 and 2010, with domestic players investing a mere 11 per cent of the Rs 1,674-crore anchor book in 2009. 

HDFC MF, Birla Sun Life MF, and Reliance MF have emerged the biggest anchor investors, having put in more than Rs 400