NSE raises Rs 6,746 Cr from LIC, Goldman Sachs and others in anchor round ahead of mega IPO

On Wednesday, the National Stock Exchange (NSE) successfully secured Rs 6,746 crore from anchor investors, including prominent entities such as Life Insurance Corporation of India (LIC), Goldman Sachs, Fidelity, GIC Singapore, Abu Dhabi Investment Authority (ADIA), Norges Bank, Eastsprings and HSBC Global Asset Management. The anchor round concluded with over 3.77 crore shares allotted to 150 investors at Rs 1,785 each, which constituted the upper limit of the IPO price band.

Foreign institutional investors (FPIs) accounted for approximately 43% of the anchor book, investing Rs 2,883 crore. More than 20 foreign long-only funds participated, with investors hailing from the US, Europe, and Asia, representing sovereign wealth funds, regional long-only funds, and global mutual funds. Domestic participation was also substantial, with participation from over 25 large mutual funds and 11 major insurance and pension companies, amounting to Rs 3,588 crore, which accounted for 53% of the anchor book.

LIC, NSE's largest shareholder with a 10.72% stake, invested over Rs 500 crore through its entities – LIC, LIC Mutual Fund, and LIC Pension Fund. The exchange, which is set to be India's second-largest public issue, will see public subscription from September 17 to September 21.