How to find anchor investors: the allocation filing

To find anchor investors in an IPO, read the anchor investor allocation filing: a letter the issuer sends to NSE and BSE after anchor bidding closes, which the exchanges publish before the public issue opens. SEBI's ICDR Regulations require the share count and the allocation price to be sent to the exchanges for dissemination before the issue opens (Schedule XIII, Part A, paragraph 10(i), consolidated text last amended 21 March 2026, read 24 September 2026). On NSE the filing sits on the IPO's issue information page as the Anchor Allocation Report.

How to find anchor investors: where is the allocation filing?

The primary source is the exchange's IPO page, not a news summary. On NSE, open the IPO under Market Data, then the issue information tab. The file list there, read on 24 September 2026 for the Moneyview Limited issue, carries "Security Parameters (Pre Anchor)", "Security Parameters (Post Anchor)" and "Anchor Allocation Report", a zip holding the issuer's letter as a PDF. Paragraph 10(i) requires the allocation on the stock exchanges' websites, BSE included; the copy read here was NSE's. The red herring prospectus states the size of the anchor portion, but only the allocation filing names who took it.

The timing follows from the rules. Anchor bidding opens one day before the issue opening date, and the allocation is completed on the day of anchor bidding (SEBI ICDR Schedule XIII, Part A, paragraphs 10(e) and 10(g)). So the letter usually lands the evening before the public issue opens.

What does a real anchor allocation filing look like?

Take the Moneyview Limited filing. The letter is dated 23 September 2026, digitally signed at 21:04 IST that evening by the company secretary, and the issue opened on 24 September 2026. It records that the IPO committee of the board, with the four book running lead managers, finalised the allocation of 9,63,24,729 equity shares at Rs 34 per share, a total of Rs 3,27,50,40,786.

The main table has one row per anchor, with five columns:

1. Name of the anchor investor. Mutual fund entries appear scheme by scheme, so one fund house can take several rows. HDFC Mutual Fund appears three times and Aditya Birla Sun Life Mutual Fund four times.
2. Equity shares allocated. The largest single row was SBI Banking and Financial Services Fund with 1,47,06,027 shares.
3. Percentage of the anchor investor portion. That same row was 15.27 percent.
4. Bid price per share. Rs 34 on every row, the top of the Rs 32 to Rs 34 price band.
5. Total amount allocated in rupees.

Two more tables follow. One lists the domestic mutual fund allocation: 6,96,32,136 shares, or 72.29 percent of the anchor portion, to 7 mutual funds through 14 schemes. The other lists life insurance companies and pension funds: one row, HDFC Life Insurance Company, with 29,42,793 shares, or 3.06 percent. Those two breakouts exist because SEBI reserves 40 percent of the anchor portion for these investors, 33.33 percent for domestic mutual funds and 6.67 percent for life insurers and pension funds, in force from 1 December 2025. Unused room in the insurer and pension slice may go to mutual funds (Schedule XIII, Part A, paragraph 10(d)). The rules themselves are set out in what an anchor investor is.

How to read the filing, step by step

1. Check the date against the issue calendar. The letter should come before the issue opening date. A figure quoted after listing is not the allocation filing.
2. Add up the rows by fund house. Scheme-level rows split one manager into several lines, so a count of rows is not a count of institutions.
3. Read the mutual fund and insurer tables against the 40 percent reservation. They show how the anchor book was split among the reserved categories.
4. Note the allocation price. If the final issue price is higher, anchors pay the difference. If it is lower, nothing is refunded and they keep the anchor price (paragraph 10(h)). The Moneyview letter restates this rule.
5. Mark the lock-in dates. Half of each anchor's shares are locked in for 90 days from allotment and half for 30 days (paragraph 10(j)). The IPO lock-in guide covers the other lock-ins that run alongside.

What the anchor filing does and does not tell you

The allocation filing is a dated record of early institutional commitment: who, how much, at what price, and under what lock-in. It does not tell you what will happen at listing, and it is not a recommendation. Mutual fund anchors show up again later in the monthly scheme portfolios, which is how you can find mutual funds buying a stock after it lists. Foreign anchors may be foreign portfolio investors, whose stake appears in the quarterly shareholding pattern.

Flock reads primary filings and disclosures, dates each one, and links back to the source. What the data means for you is your call to make.