Jio IPO draws Rs 2.5 lakh crore in anchor bids from over 70 investors

Mumbai: Jio Platforms has received bids from more than 70 institutional investors, potentially giving its Rs 30,188 crore initial public offering (IPO) one of the largest anchor investor lists globally.Large foreign funds, sovereign wealth funds and domestic institutions have shown interest in buying $750 million to more than $1 billion worth of Jio Platforms shares each, far exceeding the allocations available in its roughly $854 million IPO anchor book, according to sources.Bankers are expected to balance sizable allocations to major institutions with smaller allotments to a wider pool of investors. Most top-tier funds could receive shares worth Rs 400-450 crore each, while smaller allocations could range from Rs 10-20 crore.“We are seeing an aggregate institutional demand of about Rs 2.5 lakh crore, more than 30 times the anchor book’s size.