Domestic mutual funds subscribe 71% of LIC IPO anchor book

Domestic mutual funds invested ₹4,002.27 crore, accounting for 71.12% of the total ₹5,627 crore that LIC IPO mobilised from anchor investors on Monday. The largest investor was SBI Mutual Fund, which invested ₹1,006.89 crore. Overall, LIC issued 59.29 million equity shares to 123 anchor investors at the upper price band of the offer of ₹949 per share.