Jio Platforms raises ₹8,110 crore from 212 anchor investors ahead IPO; LIC, New World Fund among top investors

Jio Platforms allotted shares worth around 8,110 crore rupees to 212 anchor investors at rupees 1,119, the upper end of its price band, ahead of its IPO opening on October 21. LIC received the largest allocation at rupees 500 crore, followed by New World Fund at rupees 486.27 crore, with global investors including BlackRock, Fidelity, ADIA, and Government of Singapore also participating. The company aims to raise around 30,213 crore rupees at a valuation of approximately 108 billion dollars, with Reliance Industries retaining majority stake post-listing.