Mumbai, Nov. 7 -- In a recent notification, the Securities and Exchange Board of India (SEBI) announced amendments to the Issue of Capital and Disclosure Requirements (ICDR) regulations, overhauling the share allocation framework for anchor investors in initial public offerings (IPOs).

The revised framework seeks to enhance the participation of domestic institutional investors, including mutual funds, insurance companies, and pension funds.

Under the new rules, SEBI has increased the overall reservation for anchor investors to 40% from the earlier 33%.

Of this, 33% will be earmarked for mutual funds, while the remaining 7% will be allocated to insurers and pension funds. Any unsubscribed portion from the latter group will be reallocate...