Jio Platforms IPO Sees Record ₹2 Lakh Crore Demand, Anchor Allotment Worth Over ₹8,109 Crore
Jio Platforms has witnessed an overwhelming response to its initial public offering, securing an institutional demand of two lakh crore rupees, a record for any Indian IPO. The company allotted shares worth over 8,109 crore rupees to 1,212 anchor investors at the upper price band of 1,119 rupees per share. Major global subscribers include BlackRock, Capital Group, Fidelity, alongside sovereign wealth funds such as Singapore's GIC, Abu Dhabi Investment Authority, and Qatar Investment Authority. Top domestic mutual funds including SBI, ICICI Prudential, and HDFC are also participating. Aiming to raise more than 30,000 crore rupees, the largest issue in the country opens for public subscription on Wednesday and closes on Friday, October 23.