Jio Platforms' upcoming initial public offering (IPO) has attracted aggregate demand of nearly Rs 2.5 lakh crore from a marquee group of global and domestic institutional investors, signalling strong appetite for the country's largest telecom and digital services platform ahead of its market debut, sources told Moneycontrol.
The demand spans foreign long-only funds, sovereign wealth funds, India's 10 largest mutual fund houses and its five largest insurance companies, according to people familiar with the matter.
Among the prominent names seeking an allocation are Life Insurance Corporation of India, SBI Mutual Fund and HDFC Mutual Fund, alongside global asset managers Fidelity Investments, Capital Group and BlackRock.
Sovereign wealth funds GIC, Norges Bank Investment Management, Abu Dhabi Investment Authority and Qatar Investment Authority are also among the investors that have shown interest, the people cited said.
The investor interest extends beyond traditional institutional pools. Several technology-focused global investors and large family offices have also indicated sizeable demand for the offering, adding to the breadth of interest in the issue.