NSE raises ₹6,746 crore from anchor investors ahead of IPO
LIC gets biggest allocation at ₹450 crore; mutual funds account for nearly 37% of anchor book
The National Stock Exchange of India (NSE) has successfully raised ₹6,746.18 crore from anchor investors in anticipation of its initial public offering (IPO). Prominent anchor investors in the anchor book include Life Insurance Corporation of India (LIC), Government Pension Fund Global, the Monetary Authority of Singapore, and several large domestic mutual funds.
The exchange reported that foreign institutional demand was notably strong, with investors hailing from the US, Europe, and Asia participating in the auction. More than 20 foreign long-only funds are participating in the anchor book, accounting for 43 percent of the total anchor allocation. While NSE itself will not receive any funds from this offer, the public offer is entirely an offer for sale by existing shareholders, with 12.64 crore shares representing 5.11 percent of the exchange's equity.
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