Foreign portfolio investors accounted for 55% of IPO mop-up in 2020

The Indian anchor list was dominated by mutual funds, with just one insurance firm HDFC Life Insurance in the top 15; it contributed Rs 109 crore

Foreign portfolio investors (FPIs) contributed more than domestic institutional investors (DIIs) as anchor investors in initial public offerings of 2020.

FPIs’ share of investments for the year stood at Rs 4,206 crore, 55 per cent of total Rs 7,720 crore mopped up last year, the data from PRIME Database showed.

But, four of the top five anchor investors — ICICI Prudential MF (Rs 426 crore), Aditya Birla Sun Life MF (Rs 363 crore), the Government of Singapore (Rs 326 crore), HDFC Mutual Fund (Rs 294 crore) and Axis MF (Rs 280 crore) — were mutual funds. The top 15 foreign investors contributed