SBI Mutual Fund subscribed shares worth over Rs 1000 crore. Similarly, ICICI Prudential subscribed shares worth more than Rs 700 crore and HDFC Mutual Fund over Rs 650 crore.
Government insurance company LIC’s IPO is getting good response in the market. Even though this IPO is not open for Retail Investors, but it has been opened for Anchor Investors from Monday (May 02).
Anchor investors have also taken the much-awaited IPO of LIC. The portion which has been kept for anchor investors in this IPO was fully subscribed on the very first day itself. In this way, LIC IPO got around Rs 5,620 crore even before it was opened to other investors.
Anchor Investors bought so many shares
A PTI report quoted an LIC official as saying, “The IPO opened for anchor investors on Monday and received an overwhelming response. The maximum limit for anchor investors was fixed at Rs 5,620 crore, which has been completely filled. Anchor Investors bought 5,92,96,853 equity shares of LIC at the upper limit of the issue price i.e. Rs 949 per share.
These anchor investors bought shares
LIC’s anchor investors include ICICI Prudential, SBI Equity Hybrid Fund, SBI Blue Chip Fund, HDFC Hybrid Equity Fund, Aditya Birla Sun Life ( Aditya Birla Sun Life, Axis Mutual Fund, HCL Corporation, SBI Flexi Cap Fund, Nippon Life, Kotak Mahindra Life Insurance Names like Franklin India Flexi cap were included.
This fund house invested the most money
As per the allocation to anchor investors, SBI Mutual Fund subscribed shares worth over Rs 1000 crore. Similarly, ICICI Prudential subscribed shares worth more than Rs 700 crore and HDFC Mutual Fund over Rs 650 crore..
If we look at foreign fund houses, Singapore’s sovereign wealth fund GIC subscribed to shares worth more than Rs 400 crore. Similarly, BNP Investment bought shares worth about Rs 450 crore.Live TV
