Jio Platforms Draws $25B in Anchor Bids for $3.2B IPO

Anchor investors submitted more than $25 billion in bids for Jio Platforms’ IPO. [2, 3, 5] Demand exceeded the allotted anchor shares by more than 30 times. [2, 3, 5]

The telecom and digital unit of Reliance Industries raised approximately $854 million from anchor investors. [4, 8] The IPO is valued at $3.2 billion and is poised to become the largest in India’s history. [4, 8]

Abu Dhabi Investment Authority (ADIA), BlackRock and Fidelity were among the investors in the anchor book. [6, 14] Strong demand from sovereign wealth funds and domestic institutions signals significant investor appetite for the Mukesh Ambani-led company. [11, 19] Public subscription opens on October 21. [11, 19]