Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
The Life Insurance Corporation's (LIC) mega public issue opened today to an overwhelming response, with over 60 per cent bids, led by policyholders and employees.
The initial public offering (IPO) of Life Insurance Corporation of India opened for subscription today. The public issue will close on May 9. The insurance behemoth stated that it has garnered around Rs 5,627 crore from anchor investors ahead of the IPO.