Jio Platforms IPO: Anchor Book Draws 30x Demand, Institutional Bids Hit Rs 2.5 Lakh Crore

Last Updated:October 19, 2026, 3:59 pm IST

Jio Platforms IPO: Anchor investor bids reach Rs 2.5 lakh crore against the book size of Rs 8,110 crore, translating into demand of nearly 30 times the available allocation.

Jio Platforms IPO.

Jio Platforms IPO: The initial public offering (IPO) of Jio Platforms has received an overwhelming response from institutional investors in the anchor book, with bids reaching Rs 2.5 lakh crore against the book size of Rs 8,110 crore, translating into demand of nearly 30 times the available allocation, news agency PTI has reported citing sources.

The strong response comes on Monday, October 19, when the anchor investor bidding process opened, ahead of the company’s much-awaited public issue scheduled to open on October 21. The institutional interest provides an early indication of demand for the telecom and digital services business ahead of the broader subscription window.

The scale of interest highlights the institutional appetite for the telecom and digital services business as it prepares for a separate listing.

According to PTIamong the global investment firms putting offers for the anchor book are BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson. Sovereign and public investment institutions, including Singapore’s GIC, the Abu Dhabi Investment Authority, the Qatar Investment Authority and Norway’s Norges Bank Investment Management also queued up, they said.

Indian institutions also had a prominent presence, with major mutual fund houses, including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Asset Management Company participating.

Insurers and pension investors, including Life Insurance Corporation of India, HDFC Life Insurance, SBI Life Insurance, SBI Pension Funds, HDFC Pension and ICICI Prudential were among those who made offers, the report added.

The breadth of participation spans domestic and overseas institutions with different investment mandates.

Jio Platforms’ initial public offering (IPO) will open for public subscription on Wednesday, October 21, and close on Friday, October 23. The company has fixed the price band at Rs 1,065-1,119 per share and is looking to raise Rs 30,213 crore at the upper end of the band, making it India’s largest IPO by issue size.

The issue comprises a fresh issuance of up to 27 crore equity shares. The proceeds are intended to be used towards repayment of debt of its material subsidiary, Reliance Jio Infocomm, and general corporate purposes.

Here are the key details of the Jio Platforms IPO:

IPO opening date: October 21, 2026

IPO closing date: October 23, 2026

Anchor investor bidding: October 19, 2026

Price band: Rs 1,065-1,119 per share

Issue size: Rs 30,213 crore at the upper price band

Face value: Rs 10 per share

Lot size: 12 shares

Minimum retail investment: Rs 13,428 at the upper price band

Basis of allotment: October 26, 2026

Share credit and refund process: October 27, 2026

Tentative listing date: October 28, 2026

Proposed listing exchanges: BSE and NSE

The minimum retail application comprises 12 shares, requiring an investment of Rs 12,780 at the lower price band and Rs 13,428 at the upper end.

The IPO also includes a reservation of shares worth up to Rs 2,500 crore for eligible public shareholders of Reliance Industries and up to Rs 500 crore for eligible employees. Eligible employees are entitled to a discount of Rs 54 per share, subject to the applicable issue terms.

At the upper price band, Jio Platforms is valued at around Rs 10.3 lakh crore. The offering will provide public-market investors with a direct investment avenue into Reliance Industries’ telecom and digital services business.

Disclaimer: News18 is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Quick Answers

Powered by

Ask News18

What is the issue size and price band for the Jio Platforms IPO?

Jio Platforms has fixed its IPO price band at Rs 1,065-1,119 per share, aiming to raise Rs 30,213 crore at the upper end of the band. The public issue comprises a fresh issuance of up to 27 crore equity shares.

How did institutional investors respond to the Jio Platforms anchor book?

The anchor book for the Jio Platforms IPO drew overwhelming demand reaching Rs 2.5 lakh crore against an allocation size of Rs 8,110 crore, translating to nearly 30 times demand.

What are the important dates for the Jio Platforms public subscription and listing?

The public subscription window for the Jio Platforms IPO opens on October 21 and closes on October 23, 2026, with the tentative listing scheduled for October 28, 2026.

Powered by

Ask News18

About the Author

Business Desk

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, w…Read More

Read More