Mutual funds' IPO anchor investment skyrockets
Mutual funds have seriously ramped up their role as anchor investors in Indian IPOs for 2024, putting in ₹21,583 crore across 34 deals—three times more than last year. Even with fewer IPOs hitting the market lately, they still invested ₹16,368 crore just in the first half of the year.
One of the largest IPOs of 2024 so far
A standout moment: mutual funds put a massive ₹7,505 crore into Hexaware Technologies's IPO—one of the largest of 2024 so far. Anchor investors like these help steady new listings and signal trust to everyday investors by doing solid research before jumping in.
Total amount invested by all anchor investors this year
All anchor investors combined (including foreign players) have set a new record this year, investing ₹45,650 crore into IPOs. This surge shows growing confidence and strong money flows into India's equity market right now.