Shares worth around ₹3,475 crore were allotted to anchor investors in LG Electronics’ initial public offer, according to a notification by the exchanges.

The IPO committee of the company, on consultation with the book-running lead arrangers, finalised the allocation of over three crore shares to anchor investors at ₹1,140 a share.

The anchor investors included a host of local and global funds, including pension funds and sovereign funds.

Local funds included SBI Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life MF, Axis MF, ICICI Prudential MF and Nippon Life India MF.

Global funds included the Government of Singapore, the Monetary Authority of Singapore, Fidelity Funds, BlackRock, the Abu Dhabi Investment Authority, and several others.

Close to half of the total amount, aggregati

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