Jio Platforms' anchor book draws record ₹2.5 lakh crore in bids ahead of IPO
Jio Platforms has secured record-breaking demand for its anchor book, receiving bids exceeding ₹2.5 lakh crore ahead of its upcoming IPO. The company allotted shares worth ₹8,109.85 crore to 212 institutional investors, signaling strong market confidence.
Why it matters
The massive institutional interest suggests a high valuation and significant market anticipation for what is expected to be India's largest IPO.
Jio Platforms' anchor book draws record ₹2.5 lakh crore in bids ahead of IPO left Image used for representational purposes only. Reuters Reuters https://th-i.thgim.com/public/incoming/qy9djh/article71603088.ece/alternates/FREE_1200/2026-10-14T161323Z_1747621342_RC2YWLAR8HVE_RTRMADP_3_JIO-PLATFORMS-IPO.JPG SAHIBA CHAWDHARY FILE PHOTO: A man walks with an umbrella in front of a Reliance Industries' Jio Digital Life store on a street in Kolkata, India, June 19, 2026. REUTERS/Sahiba Chawdhary/File Photo The allotment of 7.24 crore shares at ₹1,119 apiece comes two days before the initial public offering opens for public subscription on October 21 New Delhi Platforms allotted shares worth ₹8,109.85 crore to 212 anchor investors at the top end of its price band, after institutional demand for the offering exceeded ₹2.5 lakh crore, more than 30 times the amount available in the anchor book, according to a stock exchange filing and people familiar with the matter.
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