Stories
Jio Platforms IPO Creates Historic Record With Massive Anchor Demand
- •Jio Platforms has received applications worth around 2.5 lakh crore rupees for shares reserved for large anchor investors.
- •The demand is about 30 times higher than the available shares, marking a historic record in Indian IPO history.
- •The public IPO of Jio Platforms is scheduled to open on October 21.
- •Major global investment firms, sovereign wealth funds, domestic mutual funds like SBI and HDFC, and LIC participated in the anchor book.
Key Questions Answered
Jio Platforms has fixed its share price band between Rs 1,065 and Rs 1,119, aiming to raise around Rs 30,213 crore. The public subscription for the IPO is scheduled to open on October 21 and will close on October 23, 2026.
The anchor book, which reserved shares valued at 8,110 crore rupees for large investors, received applications worth approximately 2.5 lakh crore rupees. This created a record-breaking response with a demand about 30 times higher than the available shares.
Global investment firms like BlackRock, Fidelity Investments, and JPMorgan Asset Management, alongside sovereign wealth funds such as Singapore's GIC and Abu Dhabi Investment Authority, placed bids. Domestic mutual funds like SBI and ICICI Prudential, as well as insurance firms like LIC, also participated.
