Think India Opportunities Master Fund LP: IPO Anchor Investments

IPOs anchored
14
2025 latest
Amount invested
INR 580.36 crore
at the anchor price
Median gain at open
+18.35%
listing day, vs issue price
Opened above issue price
71.43%
share of these IPOs
At 30-day unlock
+25.84%
median, 14 IPOs
At 90-day unlock
+34.37%
median, 11 IPOs
Vs same-year IPOs
+4.85
percentage points; median gap at open

All 14 IPOs Anchored

IPOListedInvested (INR crore)Share of anchor bookSchemes Gain at openGain at closeAt 30-day unlockAt 90-day unlock
Billionbrains Garage Ventures (Groww)12 November 202559.982.01%1+12%+31.33%+45.96%+66.18%
Rubicon Research16 October 202518.082.92%1+27.84%+29.53%+34.92%+39.11%
Schloss Bangalore2 June 20251257.94%1-6.67%+0.13%-6.86%-8.82%
Aegis Vopak Terminals2 June 20251259.92%1-6.38%+2.98%+4.41%+5.48%
Afcons Infrastructure4 November 2024150.93%1-7.99%+2.42%+8.82%-0.60%
Bansal Wire10 July 2024146.26%1+39.06%+36.86%+40.31%+61.17%
India Shelter Finance20 December 2023205.56%1+25.76%+10.49%+16.76%+10.50%
JSW Infra3 October 2023251.98%1+20.17%+32.18%+42.65%+78.32%
Samhi Hotels22 September 2023254.05%1+6.75%+13.81%+15.12%+34.37%
SBFC Finance16 August 202310.023.29%1+43.86%+61.75%+52.28%+45.79%
Global Health (Medanta)16 November 202218.512.80%1+19.35%+23.60%+35.49%+33.91%
One97 Communications (Paytm)18 November 202182.531%1-9.30%-27.40%-35.82%–
PB Fintech (PolicyBazaar)15 November 2021200.78%1+17.35%+22.68%+15.79%–
FSN E-commerce (Nykaa)10 November 202122.240.93%1+79.38%+96.07%+94.03%–

"At 30-day unlock" and "At 90-day unlock" compare NSE's official close on the first trading day on or after allotment + 30 and + 90 days (the first day the shares can be sold) with the issue price. "–" means there is no figure: the date has not come yet, the IPO opened before 1 April 2022 (no 90-day lock-in then), or its allotment date is not on record.

Schemes and Entities Used

Mutual fund schemes are shown under their current name in AMFI's scheme list; other names are as printed in each IPO's anchor allocation letter to the exchanges. Mainboard IPOs listed in 2018 to 2026 whose anchor allocation letter we could read and reconcile: 485 IPOs. See the methodology.