Mutual funds (MFs) are likely to surpass foreign portfolio investors (FPIs) in terms of anchor investments in initial public offerings (IPOs) for the second consecutive year. In calendar year 2023 so far, MFs have invested Rs 5,577 crore as anchor investors, compared to the Rs 5,417 crore invested by FPIs this year. In 2022, MFs put in Rs 9,026 crore as anchor investment, 21 per cent higher than the FPI tally of Rs 7,105 crore. This marked the first time since 2014 that MFs had outpaced FPIs in anchor investments.
Domestic mutual funds (MFs) have underpinned demand for most public floats this year, dominated by small- and mid-sized initial public offerings (IPOs). Of the 24 IPOs that have hit the market so far this financial year (2023-24, or FY24), MFs have played the role of 'anchor investors' in 20. They have subscribed to over 40 per cent, or Rs 2,850 crore, worth of shares of the Rs 6,900 crore on offer in the anchor category, according to data provided by PRIME Database, a firm that tracks primary market data.
Praising Mohan Bhagwat for his intellectual depth and empathetic leadership, Prime Minister Narendra Modi has said that his tenure as the head of the Rashtriya Swayamsevak Sangh since 2009 will be considered the most transformative period in its 100-year journey.
Deepika Kumari will yet again chase an elusive World Championship medal as India are set to showcase their next generation, led by 15-year-old Gatha Khadake, at the prestigious tournament
Cheteshwar Pujara was the cornerstone of the Indian batting line-up in Tests, featuring in 103 matches in which he scored 7,195 runs at an average of 43.60, with 19 centuries.
India enjoy a dominant 9-3 win loss record against Pakistan in T20 Internationals, including a 7-1 margin in T20 World Cups.
From the edges of Pangong Tso lake to Port Blair, and from Kibithu in Arunachal Pradesh to the Rann of Kachchh, soldiers performed yoga, embracing the ancient Indian practice as a tool for physical, mental and emotional resilience, the official said.
As India gears up to face Oman on Friday, September 19, at the Dubai international stadium, the focus returns to cricket.
The opposition party is likely to use this new-age technology to reach out to a wider section of people, specially youngsters who are tech-savvy.
Chasing 145, the visitors were briefly rattled at 22/2 before Hermann and Van der Dussen stitched together a game-defining 106-run stand.
Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
'Pageantry is a world that makes you a character; aap ek kirdaar bante hai.' 'For your entire life, you get an opportunity to inspire others and I have stepped into it.'
Shubman Gill may have fallen agonisingly short of breaking Sunil Gavaskar's iconic 54-year-old record, but he walked away with something just as special - the legend's respect.
Sachin Tendulkar took a moment to honour the woman behind his journey - his mother, Rajni Tendulkar
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
'Mohanji is a living example of Vasudhaiva Kutumbakam, showing that when we rise above boundaries and consider everyone as our own, it strengthens trust, brotherhood and equality in society.'
Players from the other teams who could push the Men in Blue to the limit.
Stephen Graham won two awards at the Emmys, including Best Actor for his role in Netflix's hit drama Adolescence as well as Best Writing alongside co-creator Jack Thorne.
Records tumbled at Lord's as Rishabh Pant, despite an injured finger, blasted his way into the history books
From Rajkot's maidans to cricket's grandest arenas, Cheteshwar Pujara carved a niche as the bedrock of India's Test side. He is one of only 14 Indians to feature in more than 100 Tests, and his innings often defined India's most memorable triumphs.
Joe Root is the leading run-scorer at Lord's across all international formats, amassing 2,526 runs in 33 matches at the Home of Cricket.
As for conditions, she dismissed concerns about the unpredictable spring weather in Paris.
'What we are witnessing is not a freak incidence or a freak occurrence, but a new climate reality where warming oceans, monsoon variability and local geography are combining to produce extreme events.'
England gained the upper hand after a rain-hit first day of the final Test against India at The Oval on Thursday
'I look at the people, yes. Co-actors, the makers, the crew.' 'Then I look at how it's different from what I've done before.'
'We are a responsible nation, and would prefer to deal with sensitive issues with the maturity they deserve rather than take to social media.'
As the National Sports Governance Bill is set to become a law, the country's national federations and Indian Olympic Association (IOA) President P T Usha on Tuesday welcomed the landmark policy, calling it a step in the right direction as India gears up to bid for the 2036 Olympics.
From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank were among the laggards. Bajaj Finance, Hindustan Unilever, UltraTech Cement and Power Grid were among the gainers.
As GT prepares for the playoffs, the team will be hoping that players like Rutherford can continue their form and help fill the void left by Buttler's departure.
With two days still to play, England are firm favourites to secure the win in Manchester, one that would seal victory in the five-match series with one test still to come.
RCB spin bowling coach Malolan Rangarajan has praised Virat Kohli's improved strike rate against spinners in the Indian Premier League (IPL).
India's goods exports rebounded in July after two months of contraction, with outbound shipments rising 7.3 per cent to $37.24 billion, led by a surge in exports to the United States before the country's reciprocal tariff kicked in and bolstered by a recovery in exports to other key markets.
So far in the four matches of the ongoing five-match series against the Three Lions, India Test captain Shubman Gill has managed to score 722 runs in the eight innings at an average of 90.25.
Defending champions NorthEast United FC secured a convincing 3-1 victory over Malaysian Armed Forces FT in their opening Group E match of the Durand Cup at the Jawaharlal Nehru Stadium in Shillong on Saturday.
Located in the heart of Shanghai, in the HKRI Taikoo Hui complex on Nanjing West road, the gleaming ship-shaped Louis Vuitton store, The Louis, stands as a 30-metre high tribute to the city's maritime identity.
Shreyas Iyer's SoBo Mumbai Falcons edged out Suryakumar Yadav's Triumphs Knights Mumbai North East by four wickets in a tense T20 Mumbai League 2025 Season 3 match, at Wankhede Stadium.
Vir Das' comedy amuses even those who didn't expect to be amused in the first place, discovers Utkarsh Mishra.
Shubman Gill walked out at Edgbaston with questions swirling around his captaincy - and answered them with his bat
A look at India's narrowest victories by run margin -- games that tested nerves, showcased grit, and etched unforgettable drama into Test history.
Welcome to Rediff's week-long celebration of yoga ahead of the International Day of Yoga. We begin today with Vriksasana, the Tree Pose.
