Jio Platforms has allotted shares worth ₹8,110 crore to 212 anchor investors at the upper end of its price band of ₹1,119 per share, according to a stock exchange filing.
The company allotted 7.24 crore shares to anchor investors ahead of its initial public offering (IPO), which opens for public subscription on Wednesday, October 21. The strong institutional response highlights investor interest in what is expected to be India’s biggest-ever IPO.
Life Insurance Corporation of India (LIC) received the largest allocation, worth ₹500 crore, accounting for 6.17% of the anchor book.
New World Fund Inc. was allotted shares worth ₹486.27 crore, followed by the Government of Singapore at ₹340.93 crore, SBI Focused Fund at ₹315 crore, and BNP Paribas Financial Markets – ODI at ₹303.25 crore, the filing showed.
Domestic mutual funds received 2.48 crore shares worth ₹2,785 crore, representing 34.34% of the anchor allocation. The shares were allotted through 95 schemes across 25 fund houses. Life insurers and pension funds received 97.4 lakh shares worth ₹1,090 crore, or 13.44% of the total.