Jio Platforms lands 8,110 crore rupees from anchor investors before IPO
Jio Platforms allotted shares worth 8,110 crore rupees to 212 anchor investors at the top of its price band ahead of its public offering.
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what happened
Jio Platforms allocated shares worth 8,110 crore rupees to anchor investors at the upper end of its 1,119 rupee price band, according to a stock exchange filing reported by Moody's. The anchor book absorbed 7.24 crore shares, and the public subscription opens on Wednesday, October 21, and closes on October 23.
Life Insurance Corporation of India was the largest buyer with 500 crore rupees. Domestic mutual funds took 34.34% of the anchor allocation, while the Abu Dhabi Investment Authority and the Monetary Authority of Singapore also joined the book. The company aims to raise about 30,213 crore rupees through a fresh issue of up to 27 crore shares.
why it matters
At the top of the price band, the offering values the company at roughly $108 billion, and it may become India's biggest IPO ever. Part of the proceeds will repay debt at the telecom subsidiary, with the rest going to general corporate purposes. Reliance Industries will keep a majority stake after listing, so traders will watch demand for the shares as a gauge of appetite for large issues in India.
market impact
Indian equities and Reliance Industries: strong IPO demand sets the tone for future large listings in India
tags
instruments
sources
- Jio Platforms raises Rs.8,110 crore from 212 anchor investors ahead IPO; LIC, New World Fund among top investors — Moody's, 19 October 2026 at 21:17 UTC
- Already a hit? Reliance's Jio Platforms gets Rs.8,110 cr from anchor investors; LIC, New World Fund among top investors — Moody's, 19 October 2026 at 21:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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