Global investors have evinced interest in the anchor issue of the proposed initial public offering (IPO) of the Life Insurance Corporation of India (LIC). Anchor investors are marquee institutional investors like sovereign wealth funds and mutual funds which are allotted shares before the company’s IPO opens for subscription. This boosts demand for the soon-to-be-listed company as anchor investors are believed to conduct deep research before investing in the company. Although talks with anchor investors are held well in advance, share allotment is done only a day before the IPO. The LIC IPO is touted to be the biggest ever public issue to hit Dalal Street.

Source: Economic Times November 26, 2021 11:18 UTC