New Delhi, October 20: Jio Platforms has attracted bids exceeding Rs 2.5 lakh crore from institutional investors ahead of its initial public offering (IPO), reflecting strong demand for one of India’s biggest public issues.
The company allotted shares worth Rs 8,109.85 crore to 212 anchor investors at Rs 1,119 per share, the upper end of its price band. Demand exceeded the available anchor portion by more than 30 times.
LIC Leads Anchor Allotment
Life Insurance Corporation of India (LIC) secured the largest allocation worth Rs 499.98 crore, representing 6.17 per cent of the anchor book.
New World Fund received shares worth Rs 486.27 crore, followed by the Government of Singapore at Rs 340.93 crore and SBI Focused Fund at Rs 315 crore.
BNP Paribas Financial Markets received an allocation worth Rs 303.25 crore.
Mutual Funds Show Strong Interest
Domestic mutual funds received shares worth Rs 2,784.96 crore, accounting for 34.34 per cent of the anchor allocation.
Life insurers and pension funds secured shares worth Rs 1,089.95 crore, representing 13.44 per cent.
Major global investors, including BlackRock, Fidelity, Capital Group and JPMorgan Asset Management, also participated.
IPO Opens October 21
Jio Platforms aims to raise approximately Rs 30,213 crore through a fresh issue of up to 27 crore shares.
The IPO price band is fixed at Rs 1,065 to Rs 1,119 per share.
Public subscription will open on October 21 and close on October 23.
Also read: Jio Platforms Mega IPO Moves Closer, Investor Outreach To Begin This Week After Sebi Nod
The offering values the company at approximately USD 108 billion.
Funds To Support Business Growth
The company plans to use part of the proceeds to repay debt at its telecom subsidiary, while the remaining amount will support general corporate purposes.
Reliance Industries will retain majority ownership after the listing.
Jio Platforms had 53.33 crore subscribers as of June 2026 and carried nearly 60 per cent of India’s data traffic.
Investors Await Public Response
The strong anchor demand indicates significant institutional confidence in Jio’s digital business.
However, retail subscription and post-listing performance will provide a clearer picture of investor appetite.
