LIC IPO: Anchor Investors

Published on May 03, 2022
Current Context: LIC went for an IPO, where Anchor Investors made a substantial investigation today.
LIC IPO: Anchor Investors
  • Anchor Investors, who are considered to generate confidence among the retail investors, have invested 5,600 crore rupees since the IPO was first opened for them.
  • The Securities market regulator SEBI had easies the norms for conducting the IPO of LIC by allowing below threshold liquidation of company shares (i.e 3.5%, instead of 5%).
  • Major foreign investors who contributed under the Anchor Investors category are - CPPIB, CDPQ, Brookfield, KIA, NORGES, etc, in addition to the domestic investors. The share price has been kept at 949 rupees per issue.

Question:

Q.1 How much has LIC been able to raise through Anchor Investors?
a. 5,000 crore INR
b. 5,600 crore INR
c. 3,400 crore INR
d. 2,800 crore INR

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