This year, 2024 has been phenomenal in terms of anchor investments in IPOs. As per reports, IPOs this year witnessed a major milestone with anchor investments exceeding ₹ 45650 crore this year. Anchor investors, which includes foreign institutional investors, and mutual funds in this scenario, cumulatively invested such a huge amount in the new Indian equities. This year’s anchor investment even surpassed the previous record of 2021 when it stood at ₹ 42558 crore.
Anchor Investments Data
FII anchor investors invested ₹ 25300 crore out of the total ₹ 45651 crore while Mutual funds invested ₹ 20351 crore. In 2021, the FIIs investing in anchors were around ₹ 29000 crore, a bit higher than this year’s figure, however, MFs invested ₹ 13528 crore in 2021 in IPO anchors, which made the total of 2021 stood at ₹ 42558 crore.
If you look at the mutual fund investment and FII contribution in the IPO anchor investments, then it has grown thrice this year compared to last year. However, in the past two years, mutual funds contributed more to IPO anchor investments compared to FPI/FIIs. While this year, mutual funds invested around 20% less than FIIs.
IPOs with the Highest anchor Investment
In 2024, these ten IPOs garnered the highest anchor investments –
| Companies | FPI Anchor Investment (₹ Crore) | MF Anchor Investment (₹ Crore) |
| Hyundai Motors India | 4545 | 2862 |
| Swiggy | 2191 | 2067 |
| NTPC Green Energy | 1493 | 1570 |
| OLA Electric Mobility | 1452 | 1117 |
| International Gemmological Institute | 1043 | 605 |
| Brainbees Solutions | 957 | 705 |
| Bajaj Housing Finance | 910 | 628 |
| Bharti Hexacom | 894 | 791 |
| Vishal Mega Mart | 861 | 1214 |
| Afcons Infrastructure | 854 | 542 |
These ten IPOs got the most amount of investments from the FII anchor investors and mutual fund houses.
Top Anchor Investors
Now let’s see which are the top FII Anchor Investments and MF Anchor Investors of the year 2024 –
Here are the top ten FPI Anchor Investors in 2024 –
| FII/FPI | Contribution (₹ Crore) |
| Government Pension Fund Global | 1273 |
| Government Of Singapore | 1262 |
| New World Fund Inc. | 1256 |
| Nomura Funds Ireland PLC/ Nomura Funds Ireland-India Equity Fund | 783 |
| Abu Dhabi Investment Authority – Monsoon | 730 |
| Goldman Sachs Funds-Goldman Sachs India Equity Portfolio | 644 |
| Fidelity Funds – India Focus Fund | 600 |
| Ashoka Whiteoak Ivac- Ashoka Whiteoak India Opportunities Fund | 503 |
| Smallcap World Fund Inc. | 388 |
| Socernment Generale Odi | 346 |
Here are the top ten MF Anchor Investors in 2024 –
| MFs | Contribution (₹ Crore) |
| ICICI Prudential Mutual Funds | 2261 |
| Nippon India Mutual Fund | 2064 |
| HDFC Mutual Fund | 2025 |
| SBI Mutual Fund | 1870 |
| Kotak Mahindra Mutual Fund | 1485 |
| Aditya Birla Sun Life Mutual Fund | 1195 |
| Axis Mutual Fund | 1181 |
| Mirae Asset Mutual Fund | 945 |
| Bandhan Mutual Fund | 659 |
| Tata Mutual Fund | 614 |
Overall IPO Market 2024
In 2024, there were 75 mainboard IPOs, which cumulatively raised ₹ 1.5 lakh crore way higher than last year’s ₹49435 crore raised from 57 IPOs and 2022’s ₹ 59301 crore from 40 IPOs.
Factor/s behind the surge in Anchor Investment
The continuous flow of money into equity mutual funds has been one of the primary causes of MFs investing enormous amounts as anchor investors. Even the overall domestic institutional investments have been mainly driven by the mutual fund houses for the past four years.
In 2024, the inflow of funds into equity mutual funds has jumped to ₹ 3.53 lakh crore compared to ₹ 1.61 lakh crore in the previous two years separately.
Wrapping up
SEBI’s vision behind introducing anchor investors in 2009 has now been realized with a stable IPO market, which is growing significantly well where investor’s confidence has been boosted and the gap between retail investors and companies issuing IPO has been bridged. All these have been possible with significant investments from the anchor investments.
Source: MoneyControl
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