Jio Platforms’ upcoming IPO has reportedly attracted nearly ₹2.5 lakh crore in commitments, reflecting strong interest from major global and domestic institutional investors ahead of the public issue.
Global investors, including sovereign wealth funds and prominent asset managers such as Allianz and BlackRock, have reportedly expressed interest in participating in the anchor book of the ₹30,188-crore offering. The IPO is expected to be the largest in India’s history.
Domestic institutions, including the Life Insurance Corporation of India (LIC), SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund and Kotak Mahindra Mutual Fund, are also among the prospective investors, according to media reports.
Other investors reportedly interested in the anchor allocation include the Government of Singapore Investment Corporation (GIC), Fidelity, Norway’s Government Pension Fund Global, New World Fund Inc and Smallcap World Fund Inc.
Jio Platforms IPO GMP today, or grey market premium, is +235. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Jio Platforms share price was indicated at ₹1,354 apiece, which is 21% higher than the IPO price of ₹1,119.