LIC takes biggest anchor stake in Jio Platforms' IPO
LIC won the largest anchor allocation in Jio Platforms' IPO, worth Rs 499.98 crore at Rs 1,119 a share. Subscription opens October 21 and closes October 23, 2026.
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what happened
India's state-run insurer LIC secured the biggest single slice of the anchor book for Jio Platforms' initial public offering. Its 44,68,128 shares are worth about Rs 499.98 crore, equal to 6.17% of the anchor portion, according to an exchange filing reported by Moody's.
Jio Platforms collected Rs 8,110 crore from anchor investors ahead of a Rs 30,188 crore public offering. All shares were allotted at a uniform Rs 1,119, which includes a premium of Rs 1,109 over the Rs 10 face value. Other buyers included New World Fund Inc with roughly Rs 486.27 crore, the Government of Singapore with about Rs 340.93 crore and BNP Paribas Financial Markets with around Rs 303.25 crore. Capital Group, Fidelity, BlackRock, JPMorgan Asset Management, Schroders, ADIA and QIA also took part.
The public offer opens on Wednesday, October 21, and closes on Friday, October 23, 2026. The price band is set at Rs 1,065 to Rs 1,119 per share.
why it matters
The anchor book shows how much demand large institutions have already committed before retail and other investors can subscribe. With the issue sized at Rs 30,188 crore, the deal is a key test of appetite for big listings in India and may influence sentiment across the local IPO pipeline.
market impact
Indian IPO market: strong anchor demand sets the tone ahead of the Jio Platforms public subscription.
tags
instruments
sources
- LIC gets largest anchor allocation of Rs 500 crore in Jio Platforms IPO — Moody's, 20 October 2026 at 04:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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