Jio Platforms IPO Draws Strong Investor Demand

Jio Platforms, the telecom and digital services arm of Reliance Industries, has reportedly received substantial demand from institutional investors ahead of its proposed initial public offering (IPO). According to sources, the ₹8,110-crore anchor book attracted bids worth approximately ₹2.5 lakh crore, representing nearly 30 times the issue size. Global asset managers, sovereign wealth funds, domestic mutual funds and insurance companies are said to have participated in the bidding.

International investors reportedly included BlackRock, Fidelity Investments, Capital Group and JPMorgan Asset Management, along with sovereign and public investment institutions such as Singapore’s GIC, the Abu Dhabi Investment Authority and the Qatar Investment Authority. Domestic participants reportedly included major mutual fund houses and institutions such as LIC. The IPO is expected to open for public subscription on October 21 and close on October 23, with the company aiming to raise ₹30,213 crore. The reported price band is ₹1,065–₹1,119 per share, with 27 crore new shares proposed to be issued. These details should be verified against the company’s official IPO documents.