India’s Jio Lures Marquee Investors to IPO Anchor Book, Bids Top $25 Billion
The issue could raise $3.2 billion and drew more than 30 times anchor demand, signaling strong interest in India’s biggest planned listing.
- Jio Platforms set an IPO price band of ₹1,065–₹1,119 per share for up to 270 million new shares, valuing the company at about $108 billion. The record-setting offering opens for public subscription tomorrow, October 21.
- Reliance Industries Ltd plans to deploy Rs 275 billion from IPO proceeds to prepay borrowings at subsidiary Reliance Jio Infocomm, following earlier expectations of $170 billion valuation that have since contracted.
- On Monday, October 19, anchor investor bidding drew about $25 billion in demand from institutions including BlackRock, Fidelity, and the Abu Dhabi Investment Authority, exceeding the reserved quota by over 30 times.
- Reliance shares rose 3.44% last Thursday following the pricing announcement, with shares expected to list on the BSE and NSE on October 28, 2026, marking a major milestone for India's capital markets.
- Beyond telecom, Jio intends to fund 'gigawatt-scale green AI infrastructure' and a 1,650-satellite constellation, intensifying competition with Starlink founder Elon Musk, who accused Ambani last Saturday of 'monopolistic exploitation' in India.
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India’s Jio lures marquee investors to IPO anchor book, bids top $25 billion
MUMBAI, Oct 19 : Indian billionaire Mukesh Ambani’s Reliance said on Monday that Abu Dhabi Investment Authority, BlackRock and Fidelity were among investors who bid in the anchor book of its record $3.2 billion Jio Platforms IPO, which two sources said drew more than $25 billion in demand.The telecoms, c
Reliance Jio IPO Anchor Demand: LIC, SBI MF, BlackRock & ADIA seek shares ahead of historic public offer
NEW DELHI: Ahead of its public bidding window opening from October 21 to October 23, 2026, Jio Platforms’ upcoming initial public offering has reportedly attracted nearly Rs 2.5 lakh crore in non-binding institutional commitments. The issue, which is structured entirely as a fresh issue of shares, represents the largest stock market debut in Indian corporate history. The anchor and institutional allocations have witnessed interest from top-tier …
Jio IPO News Update: This interest from investors in Jio's IPO comes at a time when the company is preparing to list on the Indian stock market.
Jio IPO News Live: Jio Platforms' IPO is gaining traction among stock market investors. The company has set a price ceiling of ₹1,119 per share for this ₹30,213 crore IPO. Investors must bid for a minimum of 12 shares, or ₹13,428 per lot.
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