Jio Platforms Ltd’s initial public offering will open for public subscription today at 10 a.m. following strong demand from anchor investors.
On October 19, Jio Platforms raised Rs 8,109.84 crore from 212 anchor investors, including BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco, and Prudential. Anchor investors' demand for Jio Platforms’ IPO reached nearly Rs 2.5 lakh crore, making it the first Indian IPO to attract bids of this size.
1) Jio Platforms IPO date: The IPO opens for public subscription today. The subscription closes on October 23.
2) Price band: Jio Platforms IPO price band has been set at Rs 1,065 to Rs 1,119 per share, with the offering comprising up to 27 crore new shares.
3) Jio Platforms anchor book: The company mobilised Rs 8,109.84 crore from 212 anchor investors. Several major sovereign wealth and pension funds also invested in the issue, including Singapore’s GIC, Norges Bank Investment Management, Abu Dhabi Investment Authority, Qatar Investment Authority, PSP Investments, the California State Teachers’ Retirement System and the Florida Retirement System.