Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore
Awaiting price reaction for this filing.
Jio Platforms, a Reliance Industries subsidiary, allotted 7.25 crore shares to 212 anchor investors at Rs 1,119 apiece, raising about Rs 8,110 crore ahead of its public issue opening on October 21 and closing on October 23. Major allottees included LIC (around Rs 500 crore), New World Fund (about Rs 486 crore), Government of Singapore (nearly Rs 341 crore), BNP Paribas (around Rs 303 crore), along with BlackRock, Fidelity, GIC, JPMorgan, Allianz, and HDFC, ICICI Prudential, SBI and Kotak Mutual Funds. The IPO of up to 27 crore fresh shares at the upper band is expected to raise Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,900 crore issue to become India's largest-ever IPO at an equity valuation of about Rs 10.3 lakh crore, with anchor bids reported to have crossed Rs 2.5 lakh crore.