Mutual funds’ participation in the initial public offerings as anchor investors has been rising steadily, even as the concern on overvaluation in the secondary market gets louder amid steady inflow in equity funds.
Mutual funds’ investment as anchor investors more than tripled in calendar year 2024 to ₹21,583 crore across 34 IPOs, against ₹6,651 crore across 29 issues in 2023, according to data sourced from Equirus Capital. In 2022, MFs invested ₹9,028 crore in 24 issues.
