8/8/2019 Anchor Investors Are a New Category of Investors Introduced by SEBI for IPO

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Anchor Investors are a new category of Investors introduced by SEBI for IPO’s.The

minimum size of application for anchor investors is Rs 10 crore; and their margin payable

on application is 25 per cent and the balance 75 per cent needs to be paid within 2 days of the date of closure of the public issue.

There is also a 30-day lock-in period on the investment, as per SEBI Guidelines.If theissue Price discovered through the book building is higher than the price at which Anchor 

Investors have been allocated Equity Shares then Anchor Investors are required to bringin an additional amount.

Market analysts feel that the anchor investor would provide a safety net for IPOs in

adverse market conditions. With anchor investors stepping into SKS Microfinance’s IPO,

retail investors would feel more secure and comfortable in subscribing to this publicissue.

Quantum Fund, Reliance Capital, BNP Paribas along with Smallcap World Fund have

received the highest allotments and together hold about 40% of the total shares allotted toanchor investors.

List of Anchor Investors in SKS Microfinance IPO and No. of equity shares

allocated to them.

8/8/2019 Anchor Investors Are a New Category of Investors Introduced by SEBI for IPO

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Sl. No Name of the Anchor Investor

No. of 

equity

shares

allocated

% of anchor

investor

proportion

1 Abu Dhabi investment authority – jhelum 27873 0.92%

2British Columbia investment management Corporationa/c emerging markets equity fund 31590 1.05%

3

Jpmorgan Indian investment trust plc a/c j p morgan

Indian investment company (mauritius) limited 154498 5.11%

4Japan trustee services bank ltd a/c jf india equity activeopen mother fund 27874 0.92%

5 Jf eastern smaller companies fund 37165 1.23%

6 Quantum (m) limited 267385 8.85%

7 Morgan Stanley India investment fund, inc 65484 2.17%

8 Morgan stanley growth fund 119284 3.95%

9 Morgan stanley a.c.e. fund 18661 0.62%

10 William blair international growth fund 73511 2.43%

11 William blair institutional international growth fund 23847 0.79%

12 William blair emerging markets growth fund 17995 0.60%

13 William blair international small cap growth fund 15347 0.51%14 Goldman sachs India fund limited 75000 2.48%

15

Birla sun life trustee company pvt ltd a/c birla sun life

equity fund 72568 2.40%

16

Birla sunlife trustee company private limited a/c India

advantage (offshore) fund 72156 2.39%

17

Birla sunlife trustee company private limited a/c Birla

sunlife midcap fund 72156 2.39%

18

Birla sun life trustee company pvt ltd nc birla sunlife

 basic industries fund 14427 0.48%

19Birla sun life trustee company pvt ltd nc birla sunlife 95fund 36078 1.19%

20 Cram funds India 75000 2.48%

21

Sundaram bnp paribas mutual fund – sundaram bnp

 paribas growth fund 25000 0.83%

22

Sundaram bnp paribas select thematic funds -financial

services opportunities 30000 0.99%

23 Sundaram bnp paribas select thematic funds rural India 84500 2.80%

24 Sr global (mauritius) limited (class b – asia) 53500 1.77%

25

Sr phoenicia (mauritius) limited – (class a) phoenicia

 portfolio 21500 0.71%

26 Icici prudential life insurance company ltd 130700 4.32%

27 Smallcap world fund, inc 279000 9.23%

28 Fid funds (mauritius) limited 83700 2.77%

29

Fil trustee company private limited a/c fidelity equity

fund 108178 3.58%

30

Fil trustee company private limited a/c fidelity India

value fund 6853 0.23%

31

Fil trustee company private limited a/c fidelity India

special situations fund 37226 1.23%

32

Fil trustee company private limited nc fidelity tax

advantage fund 43043 1.42%

8/8/2019 Anchor Investors Are a New Category of Investors Introduced by SEBI for IPO

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