Jio Platforms Raises ₹8,110 Crore From 212 Investors Ahead of IPO
Ahead of its initial public offering (IPO), Jio Platforms has raised approximately ₹8,110 crore from 212 anchor investors, including major global asset managers, sovereign wealth funds, domestic mutual funds and insurance companies.
The Reliance Industries subsidiary allotted about 7.25 crore equity shares at ₹1,119 apiece, the upper end of its IPO price band, on October 19, 2026.
The anchor book reportedly attracted bids worth more than ₹2.5 lakh crore, over 30 times the amount available for allocation. The figure points to substantial institutional interest, although the actual funds allotted were limited to approximately ₹8,110 crore.
Jio's public issue, expected to be India's largest, will open for subscription on October 21 and close on October 23.
Global Funds Join the Anchor Round
The investor list includes BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Allianz.
Sovereign wealth funds, including Singapore's GIC, Abu Dhabi...
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