It is proposed to revise the rules for anchor investor allocation, suggesting an increase in the number of permitted investors for larger IPOs to accommodate multiple funds from a single Foreign Portfolio Investor (FPI). Further, it is proposed to include life insurance companies and pension funds in the reserved anchor portion, increasing the total reserved allocation for these long-term institutional investors from 33% to 40%, with a specific 7% reservation for insurance and pension funds. Also, for large IPOs exceeding ₹5,000 crore, it suggests adjusting the retail investor portion from 35% down to 25% and increasing the Qualified Institutional Buyer (QIB) share to a maximum of 60%. Additionally, the reservation for mutual funds within non-anchor QIB category would increase from 5% to 15%. The comments/ suggestions from stakeholders are invited.