Jio Platforms' IPO anchor book was oversubscribed over 30 times, with bids totalling $26.3 billion from investors including BlackRock and GIC.
01Summary
- 01Jio Platforms aims to raise up to 302 billion rupees ($3.2 billion) in India's largest ever IPO in rupee terms.
- 02Anchor investor bids reached 2.5 trillion rupees ($26.3 billion) for the 81.1 billion rupee anchor portion.
- 03Jio allocated 72.47 million equity shares to anchor investors at 1,119 rupees per share.
- 04Major allocated investors include BlackRock, Capital Group, GIC, Life Insurance Corporation, Fidelity Investments, JPMorgan Asset Management and Abu Dhabi Investment Authority.
- 05The IPO prices Jio Platforms at around $108 billion, down from valuations over $130 billion a year ago.
02Why it matters
The strong oversubscription signals robust institutional demand for India's largest IPO, offering investors a rare chance to buy into a telecom and digital services giant backed by Meta and Google.
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