Jio Platforms IPO Sees Record ₹2 Lakh Crore Demand, Anchor Allotment Worth Over ₹8,109 Crore

India Today

Jio Platforms has witnessed an overwhelming response to its initial public offering, securing an institutional demand of two lakh crore rupees, a record for any Indian IPO. The company allotted shares worth over 8,109 crore rupees to 1,212 anchor investors at the upper price band of 1,119 rupees per share. Major global subscribers include BlackRock, Capital Group, Fidelity, alongside sovereign wealth funds such as Singapore's GIC, Abu Dhabi Investment Authority, and Qatar Investment Authority. Top domestic mutual funds including SBI, ICICI Prudential, and HDFC are also participating. Aiming to raise more than 30,000 crore rupees, the largest issue in the country opens for public subscription on Wednesday and closes on Friday, October 23.

Transcript

00:00Okay, before we leave you tonight, just another of our top stories.

00:05Jio Platforms is now getting overwhelming response to its IPO.

00:10The company was allotted shares worth over 8,109 crore rupees to 2,212 anchor investors at the top end

00:18of its price band.

00:19That's 1,119 rupees per share.

00:21The institutional demand of 2 lakh crores now is a purse for any Indian IPO.

00:26The subscribers include some of the world's largest asset managers including Backrock, Capital Group Fidelity and leading sovereign funds like

00:34GIC of Singapore, Abu Dhabi Investment Authority and the Qatar Investment Authority.

00:40India's top 10 mutual funds including SBI, ICICI, Prudential, HDFC, Aditya Birla, Sun Life, Kotak also participating in the process.

00:50Just remember, the IPO opens for public subscription on Wednesday and aims to raise more than 30,000 crore rupees,

00:57the largest the country has seen.

00:59The offer closing on October 23rd, that is Friday.

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