Answer: 30 days
Notes: To make the LIC IPO, the attractive Securities and Exchange Board of India has eased the rules for Anchor Investors. Anchor Investors are those institutional investors whose investment in an IPO motivates others to invest. These investors boost the confidence of the retail investors. They are also called Celebrity Investors. Lock in period for the Anchor Investors has been reduced to 30 days for public issues exceeding 10000 crore rupees. Role of Anchor Investors and NIIs is crucial to inspiring retail investors' confidence. LIC will dilute 3.5% of her total shares. SEBI reduced the threshold to 5%, particularly for LIC.
