Stories
Jio IPO: World's Major Funds Eager to Invest as Demand Crosses Rs 2.5 Lakh Crore
- •The Initial Public Offering of Jio Platforms will open for anchor investors on October 19 and for retail investors on October 21.
- •Global sovereign wealth funds and asset management giants including BlackRock, GIC, and ADIA have shown massive interest, generating early demand of around Rs 2.5 lakh crore.
- •Domestic financial institutions like LIC, SBI Mutual Fund, and HDFC Mutual Fund are also keen to invest in India's biggest IPO.
- •Investors are heavily attracted by Jio's transformation from a telecom operator into a comprehensive digital powerhouse spanning broadband, cloud computing, and digital entertainment.
Key Questions Answered
The Initial Public Offering for Jio Platforms will open for anchor investors on October 19, 2026, and for retail investors from October 21 to October 23, 2026. The shares are expected to debut on the stock exchanges on October 28, 2026.
International sovereign wealth funds and asset management companies like BlackRock, GIC, ADIA, QIA, Fidelity Investments, Capital Group, and Norway's Norges Bank have shown strong interest. Domestic institutions including LIC, SBI Mutual Fund, and HDFC Mutual Fund are also looking to participate.
Jio Platforms is aiming for a valuation of up to 10.3 trillion rupees, or approximately $108 billion, in its initial public offering. The offering has already drawn massive interest, generating early demand and bids exceeding $20 billion or around Rs 2.5 lakh crore.
