The IPO of Jio Platforms Limited is open today, October 19, for anchor investors i.e. large institutional investors. Its anchor book has received more than 30 times subscription so far. A total of shares worth Rs 8,110 crore have been reserved for anchor investors in the IPO. Against which anchor investors have placed bids worth about Rs 2.5 lakh crore. This is the largest institutional bid ever for any Indian IPO. The world’s largest asset managers, sovereign wealth funds, India’s leading mutual funds, insurance companies and pension funds have been included in this anchor book. The country’s top 10 mutual fund houses invested in the anchor book. Indian institutional investors include the country’s top 10 mutual fund houses, prominent among which are SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Mutual Fund. The country’s largest insurance companies and pension funds have participated in the anchor book. This includes big names like Life Insurance Corporation of India (LIC), HDFC Life, SBI Life, SBI Pension, HDFC Pension and ICICI Prudential. Apart from this, technology-driven global funds and large family offices have also shown interest in investing in it. Highest demand from foreign long-only funds. Most of the demand in this anchor book of Jio has come from foreign long-only funds, sovereign wealth funds and pension funds. This shows that institutional capital has come into the anchor book to maintain long-term investment. Almost every major fund investing in India is participating in this issue and no major fund has stayed away from it. IPO will open for general investors on October 21. The country’s largest IPO of Reliance Industries Limited’s digital services company Jio Platforms will open for general investors from October 21 to 23. Through this the company will raise Rs 30,188 crore. The company will issue 27 crore shares in IPO. The price of one share i.e. the price band is fixed at ₹ 1,065 to ₹ 1,119. Whereas Jio’s gray market premium i.e. GMP is currently crossing ₹ 250. After listing, its market cap can reach ₹10.30 lakh crore. Break-up of ₹3,000 crore reserve issue for employees and shareholders in IPO: How much share reserved for whom Jio Platforms will be the biggest IPO in the country so far. Through this the company will raise approximately Rs 30,200 crore. Earlier, Hyundai Motor India’s Rs 27,858 crore IPO in 2024 was the country’s largest IPO. Who will get the benefit of shareholder reservation? Eligible Reliance shareholders include individuals and Hindu Undivided Families (HUFs) who held public equity shares of Reliance Industries as on October 14, the date of filing of the company’s Red Hearing Prospectus or RHP. This discount will be subject to applicable eligibility criteria and regulatory rules. 27 crore fresh shares will be issued through IPO. According to RHP, through this IPO the company will issue up to 27.5 crore fresh shares with a face value of ₹ 10. Jio Platforms includes the telecom and digital services business of Reliance Jio. The company had filed RHP on October 14. The company had filed Red Hearing Prospectus i.e. RHP on October 14 for the IPO. The RHP was filed with the Registrar of Companies (RoC) in Ahmedabad, Gujarat. Earlier, the company had submitted the Draft Red Hearing Prospectus (DRHP) on June 19. Approval for the IPO was received from SEBI on 28 August. Jio is the country’s largest telecom operator. Jio Platforms is currently the country’s largest telecom operator. As of June 30, 2026, the total subscriber base of the company is 53.3 crores. It has 28.49 crore 5G users, which is the third largest 5G customer base in the world. Jio Platforms is a tech company of Reliance, whose headquarters is in Mumbai. What is anchor book? Anchor book is the reserve portion for institutional investors like big mutual funds, foreign investors and insurance companies before any big IPO goes public. Allotting shares to anchor investors creates confidence and positive environment in the market regarding IPO. What is Red Hearing Prospectus (RHP)? This is an official document that a company submits to SEBI and Registrar of Companies (RoC) before launching an IPO. It contains complete details of the company’s business, financial condition, promoters and risk factors. In this, there is an estimated range instead of the final price of shares (issue price) or price band and the number of shares, which is decided later.
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Jio’s ₹8,110 crore anchor book subscribed 30-times: Bids worth ₹2.5 lakh crore received; Big investors like BlackRock and SBI Mutual Fund included
