TOCU Europe III: IPO Anchor Investments

IPOs anchored
18
2025 latest
Amount invested
INR 205.66 crore
at the anchor price
Median gain at open
+2.85%
listing day, vs issue price
Opened above issue price
55.56%
share of these IPOs
At 30-day unlock
+3.07%
median, 18 IPOs
At 90-day unlock
+5.32%
median, 18 IPOs
Vs same-year IPOs
-7
percentage points; median gap at open

All 18 IPOs Anchored

IPOListedInvested (INR crore)Share of anchor bookSchemes Gain at openGain at closeAt 30-day unlockAt 90-day unlock
JSW Cement14 August 202550.46%1+4.42%-0.63%-0.89%-14.67%
NSDL6 August 2025141.17%1+10%+17%+55.22%+40.72%
IndiQube Spaces30 July 2025123.82%1-8.86%-8.03%-9.64%-5.12%
Anthem Biosciences21 July 20255.680.56%1+26.85%+28.13%+40.46%+36.06%
Schloss Bangalore2 June 202516.661.06%1-6.67%+0.13%-6.86%-8.82%
Aegis Vopak Terminals2 June 202511.700.93%1-6.38%+2.98%+4.41%+5.48%
Belrise Industries28 May 202550.78%1+11.11%+8.23%+15.67%+58.30%
Ather Energy6 May 202528.502.13%1+2.18%-5.83%-0.90%+9.14%
Hexaware Technologies19 February 20257.950.31%1+5.30%+7.70%+3.97%+5.16%
Ajax Engineering17 February 2025102.64%1-8.43%-5.34%-3.78%+17.65%
Dr. Agarwal’s Health Care4 February 202550.57%10%-0.09%-2.54%-12.04%
Ventive Hospitality30 December 2024202.78%1+11.35%+9.54%+2.16%+10.06%
Inventurus Knowledge Solutions19 December 20245.740.51%1+42.96%+47.54%+40.17%+8.88%
Swiggy13 November 202416.820.33%1+7.69%+16.92%+33.99%-7.15%
ACME Solar13 November 202420.231.56%1-13.15%-12.40%-7.21%-25.62%
Sagility India12 November 20245.010.53%1+3.53%-2.27%+38.03%+75.77%
Afcons Infrastructure4 November 20248.040.50%1-7.99%+2.42%+8.82%-0.60%
Hyundai Motor India22 October 20248.330.10%1-1.33%-7.16%-11.74%-7.29%

"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.