Minimum Investment of anchor investor as per SEBI rules?
According to SEBI norms, what is the minimum investment an investor is needed to make through book-building process to be called an “anchor investor”?
[A]Rs. 10 Crore
[B]Rs. 20 Crore
[C]Rs. 50 Crore
[D]Rs. 100 Crore
Rs. 10 Crore
An anchor investor in market parlance refers to a qualified institutional buyer (QIB) making an application for a value of Rs.10 crore or more through the book-building process.SEBI, in 2009, introduced the concept of anchor investor in public issues in order to create a significant impact on pricing of initial public offers (IPOs).