Vodafone India FPO: How is it different from IPO? Who are anchor investors?

Vodafone Idea (Vi), India’s third-largest telecom operator, has raised about Rs 5,400 crore in its follow-on public offering from anchor investors including GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super.

These are typically big investors who commit to buying a significant portion of the shares offered in the IPO upfront.

Who are Anchor Investors?

Anchor investors are typically large institutional investors like investment management firms, mutual funds, or sovereign wealth funds. They commit to buying a significant portion of the shares offered in an IPO or FPO upfront, usually before the offering is open to the public.