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Public sector IPOs warm up to anchor investors a decade down the line

Centre for the first time exercises provision for IRFC issue

Topics
IPOs | Public sector | Indian Railway Finance Corporation

Samie Modak  |  Mumbai 



IPO
Almost all private sector IPOs allot shares to anchor investors, mainly mutual funds, insurance companies and global funds, one trading day prior to the issue opening.

More than a decade after its introduction, the government has decided to use the provision of anchor allotment for initial public offering (IPO).

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First Published: Fri, January 15 2021. 19:22 IST

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