Stories
Global Investment Giants Back Jio Platforms Record Rs 30213 Crore IPO
F
Firstpost•21-10-2026, 14:19
Global Investment Giants Back Jio Platforms Record Rs 30213 Crore IPO
- •Jio Platforms launched India's biggest-ever IPO valued at Rs 30,213 crore, drawing anchor bids exceeding Rs 2.5 lakh crore.
- •Marquee global investors including BlackRock, GIC, Fidelity, Capital Group, and ADIA participated in the anchor book.
- •The IPO was fully subscribed on its first day by 10:36 am, driven by strong institutional demand with the QIB category subscribed 4.86 times.
- •Domestic institutions like LIC and HDFC Bank also secured share allocations in the heavily contested anchor book.
- •Jio Platforms serves over 500 million subscribers and reported a net profit of Rs 30,049 crore for FY26.
Key Questions Answered
Jio Platforms is aiming to raise Rs 30,213 crore through its initial public offering, which is India's biggest-ever IPO.
The anchor book attracted major global heavyweights including BlackRock, Capital Group, Singapore's sovereign wealth fund GIC, Fidelity Investments, and the Abu Dhabi Investment Authority.
The IPO was fully subscribed by 10:36 am on October 21, reaching an overall subscription of 1.66 times, led by strong demand from qualified institutional buyers at 4.86 times.
