Jio Platforms IPO draws ₹8,110 crore in anchor investor bids
Awaiting price reaction for this filing.
Jio Platforms, the telecom and digital arm of Reliance Industries, raised around 8,110 crore from anchor investors by allocating 7.247 crore shares at Rs 1,119, the top end of its price band of Rs 1,065-1,119. The company is seeking to raise up to Rs 30,200 crore at a valuation of about 10.3 lakh crore, making it India's largest-ever IPO, surpassing Hyundai Motor India's Rs 27,800 crore share sale in October 2024. Global investors including BlackRock, Fidelity, Capital Group, Allianz and sovereign wealth funds from Abu Dhabi, Singapore, Qatar and Norway participated, alongside domestic mutual funds and insurers such as LIC, SBI Funds, ICICI Prudential AMC and HDFC AMC. The public subscription is scheduled for October 21 to 23, 2026.