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Jio IPO Boost: 212 Anchor Investors Pump 8110 Crores in a Single Day
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News18•20-10-2026, 16:20
Jio IPO Boost: 212 Anchor Investors Pump 8110 Crores in a Single Day
- •Jio Platforms raised 8,109.84 crore rupees from 212 anchor investors on October 19 ahead of its massive 30,187.6 crore rupee Initial Public Offering starting October 21.
- •The anchor book saw participation from major global asset managers like BlackRock, Capital Group, Fidelity Investments, and prominent sovereign wealth funds including GIC and ADIA.
- •Total institutional demand for the anchor book reached approximately 2.5 lakh crore rupees, making it the first Indian IPO to attract such unprecedented demand.
- •The price band per share is fixed at 1,065 to 1,119 rupees, with the public subscription remaining open until October 23.
- •Jio Platforms plans to utilize 27,500 crore rupees of the net proceeds to repay debt taken by its key subsidiary, Reliance Jio Infocomm.
Key Questions Answered
Jio Platforms is launching India's largest initial public offering, aiming to raise 30,187.6 crore rupees with a price band set between 1,065 and 1,119 rupees per share, running from October 21 to October 23, 2026.
The anchor book attracted historical institutional interest on October 19, 2026, receiving total bids of approximately 2.5 lakh crore rupees against an allocation of 8,110 crore rupees from 212 anchor investors.
Jio Platforms plans to utilize 27,500 crore rupees of the net proceeds to repay a portion of the debt taken by its key subsidiary, Reliance Jio Infocomm, with the remaining funds allocated for general corporate purposes.
