58 mins ago
Mutual Funds Take ₹2,495 Crore Exposure in NSE IPO
The National Stock Exchange of India is preparing to sell shares to investors.
Before the public can buy them, some large institutions received shares early in an anchor allocation.
Mutual fund schemes bought 1.40 crore of these shares.
Together, their allocation was worth nearly ₹2,495 crore at the set price of ₹1,785 per share.
Twenty-nine mutual funds participated using 98 different schemes.
Nippon India Large Cap Fund and Invesco India Contra Fund received the largest reported share allotments.
Investors can use this information to see which funds were interested in the NSE IPO.
Later portfolio reports will show whether the funds continue to hold the shares.
Twenty-nine domestic mutual funds participated through 98 schemes in the NSE IPO anchor book.
The National Stock Exchange of India allotted 3.78 crore shares to anchor investors at ₹1,785 per share on 16 September.
Mutual fund schemes received 1.40 crore shares, worth nearly ₹2,495 crore and representing 36.98% of the anchor allocation.
Nippon India Large Cap Fund and Invesco India Contra Fund were identified as the largest mutual fund participants.
The article contains an amount discrepancy: the table lists ₹140 crore for each of the two largest schemes, while their share counts at ₹1,785 imply about ₹14 crore each.
- Who
- Twenty-nine domestic mutual funds, participating through 98 schemes, received shares in the NSE IPO anchor allocation.
- What
- Mutual fund schemes were allotted 1.40 crore National Stock Exchange of India shares worth nearly ₹2,495 crore.
- Where
- The allocation was made through the National Stock Exchange of India IPO anchor book.
- When
- The anchor allocation was finalised on 16 September.
- Why
- The disclosure shows which mutual fund schemes participated in the IPO and the exposure they took before public subscription.
Key facts
- Anchor allocation
- 3.78 crore shares allotted to anchor investors
- Anchor price
- ₹1,785 per share
- Total anchor allocation
- About ₹6,746 crore
- Mutual fund allocation
- 1.40 crore shares, or 36.98% of the anchor shares
- Participating mutual funds
- 29 funds through 98 schemes
- Reported mutual fund value
- Nearly ₹2,495 crore
- Largest reported schemes
- Nippon India Large Cap Fund and Invesco India Contra Fund, with 7,84,312 shares each
- Reported data discrepancy
- The table states ₹140 crore for each largest scheme, while 7,84,312 shares at ₹1,785 equal approximately ₹14 crore
Sources
Related news
NSE IPO Raises ₹6,746 Crore From Anchor Investors
Strong Institutional Demand Builds Ahead of NSE’s Mega IPO
NSE’s Rs 22,569-Crore IPO Opens With 9% Subscription
NSE IPO Reaches 55% Subscription on Day Two
NSE IPO Fully Subscribed on Day Two After Strong Demand
NSE IPO Draws Unexpectedly Strong Demand Before September Launch
Oil, Geopolitics and Tariffs to Drive Indian Stocks This Week
Tag Markets Reaches One Million Clients Through Purposeful Financial Products
NSE IPO Draws Excitement, But Valuation Warrants Patience
Butterfly Spreads Expose Traders to Multi-Leg Execution Risks
