Reliance Industries' subsidiary Jio Platforms on October 19 mobilised Rs 8,109.84 crore from 212 anchor investors including the marquee global names like BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson, ahead of its IPO opening for the public subscription.
The country's largest IPO worth Rs 30,187.6 crore is set to open on October 21 and close on October 23. The price band for the offer has been fixed at Rs 1,065-1,119 per share.
The much-awaited initial public offering (IPO) comprises fresh issue of 27 crore equity shares including the reservation of Rs 500 crore worth shares for employees of Jio Platforms, and Rs 2,500 crore shares for shareholders of Reliance Industries.
The company will offer shares to eligible employees at a discount of Rs 54 per share to the final offer price.
Jio Platforms, the parent company of telecom operator Reliance Jio Infocomm, has allocated 7.24 crore equity shares to anchor investors at the upper end of price band.