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Answer

Correct Option is Qualified Institutional buyer making application for value of INR 10 crore or more through book-building process

Solution:Qualified Institutional buyer making application for value of INR 10 crore or
more through book-building process. SEBI introduced the concept of anchor investors in public issues in 2009. This move was to impact pricing of IPOs. Anchor investors benefit IPOs as equity markets are volatile. Anchor investors attract investors to public offers before hitting capital markets to infuse confidence.
Value and volume of anchor subscriptions are an indicator of the soundness of the firm’s offer. This also sets a benchmark and provides for guidelines for issue pricing and interest among QIBs.

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