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corporate actions · intermediate

Anchor investor

Anchor investors are QIBs who receive a pre-IPO allocation under SEBI ICDR on the day before the issue opens to the public.

Under SEBI ICDR, listed and IPO issuers may allocate a portion of the issue to anchor investors who are qualified institutional buyers.

Anchor allocation and pricing are typically finalised one day before the public issue opens.

A portion of the anchor allocation is subject to lock-in under the ICDR framework.

Names and allocation details of anchors are disclosed so the market can see early institutional participation.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.