Sovereign funds raise anchor investments

Sovereign and private equity funds have not only found exit opportunities in this year’s initial public offering (IPO) boom but have increased their investment through the anchor route. 

These funds have invested Rs 1,247 crore or a tenth of the anchor investor money in this year’s IPOs so far, up from seven per cent last year, says private equity (PE) consultancy Venture Intelligence.

A total of Rs 12,275 crore has been raised through the anchor investor route in 27 IPOs this year till now; issue size was Rs 41,791 crore. The rest of the anchor investment, nearly Rs 11,000 crore,