Easier norms for IPO anchor investors

With an aim to boost fund raising through primary markets, Sebi on Monday approved relaxed norms for public offers by removing restriction on maximum number of anchor investors. 

The board of Sebi has approved the removal of current restriction on the maximum number of anchor investors (currently 25) for anchor allocation of public issue worth over Rs 250 crore Commodity Market Astrology Tips

However, the requirement of number of anchor investors for allocation of up to Rs 250 crore remains the same. In case of public offers worth more than Rs 250 crore, Sebi said, "there can be 10 additional investors for every additional allocation of Rs 250 crore, subject to minimum allotment of Rs 5 crore per anchor investor." 

An anchor investor in market parlance refers to a qualified institutional buyer (QIB) making an application for a value of Rs 10 crore or more through the book-building process Indian stock market astrology prediction