Investment BankingIntermediate
Anchor Investor
A large institutional investor allotted IPO shares a day before the issue opens to the public.
Detailed explanation
Anchor allocation signals institutional confidence. Under SEBI rules their shares carry a lock-in period.
Why it matters
Strong anchor demand often sets the tone for the rest of the IPO.
Key points
- Part of the QIB portion.
- Subject to lock-in.
- Disclosed before the issue opens.
Related terms
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Educational content only. Definitions and examples are illustrative and are not investment, tax or legal advice.