India’s Jio Lures Marquee Investors to IPO Anchor Book, Bids Top $25 Billion
The offering could raise Rs 30,213 crore, and anchor bids have drawn about Rs 2.5 lakh crore, signaling strong institutional demand.
- On Wednesday, Reliance Industries announced a price band of ₹1,065–₹1,119 per share for Jio Platforms' initial public offering, which opens for public subscription on October 21, 2026.
- Facing investor pushback over its tech-firm valuation, Jio Platforms set the band to value the company at approximately $108 billion, with proceeds earmarked to prepay ₹275 billion in telecom debt.
- Ahead of today's anchor bidding on October 19, 2026, institutional interest surged with reports of nearly $25 billion in total bids from global and domestic investors, totaling almost 30 times the reserved quota.
- Shares are expected to list on October 28, 2026, positioning Jio to become one of India's top four most valuable listed companies, ahead of Bharti Airtel, its main telecom rival.
- The company plans to fund a 1,650-satellite constellation and "gigawatt-scale green AI infrastructure," intensifying competition with Starlink, the satellite service, amid Elon Musk's recent accusations of "monopolistic exploitation.
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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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