The company has received institutional investment commitments worth almost 7-8 times its anchor book size of Rs.350 crore, which is a good response, given the size of the issue, he said.
The anchor book is that portion of the IPO which bankers can allot to institutional investors on a discretionary basis. Anchor book subscription opens one day prior to the launch of the IPO.
I would encourage further enlightment of knowledge on this topic by admin and other reputed professionals.
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