Jio Platforms IPO anchor book draws over 2.5 lakh crore in bids
According to Moody's, bids for the Jio Platforms IPO anchor book topped 2.5 lakh crore, 30 times the stock on offer. Shares were allotted at the top of the price band.
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what happened
The anchor book for the Jio Platforms initial public offering drew bids worth more than 2.5 lakh crore on Monday, roughly 30 times the 8,110 crore earmarked for this category of investors. Moody's reports that the company allotted 72.5 million shares at the upper end of its 1,065–1,119 rupee price band.
Overseas participants included BlackRock, Capital Group, Fidelity, the Abu Dhabi Investment Authority and Norway's Government Pension Fund Global. Domestic mutual funds took 34.34% of the anchor allocation, while life insurers and pension funds, including Life Insurance Corporation of India, took 13.44%.
why it matters
Demand of this size at the anchor stage shows strong appetite from large institutional investors for what is expected to be India's biggest IPO. For markets, it signals that capital is ready to absorb large new issues, which may matter for other offerings in the pipeline.
market impact
Indian equities: strong institutional demand supports sentiment around large share offerings
tags
instruments
sources
- Jio Platforms' IPO Draws 2.5 L-crore in Anchor Bids — Moody's, 20 October 2026 at 04:12 UTC
- Jio Platforms' IPO Draws 2.5 L-cr in Anchor Bids — Moody's, 20 October 2026 at 04:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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