Who are anchor investors in SME IPO?

Any Qualified Institutional Bidder who bid for at least Rs 200 lakhs or 2 crores in SME IPO is known as an Anchor investor. It includes mutual fund houses, insurance companies, foreign portfolio investors (FPIs), etc. As per the SEBI’s regulation, an SME can allocate up to 60% of the QIB portion to Anchor Investors.