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Jio IPO: QIB portion fully booked at nearly 3x; overall issue sees 85% subscription so far - Check full details

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Core Development: Jio IPO: QIB portion fully booked at nearly 3x; overall issue sees 85% subscription so far - Check full details
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Earlier, on October 19, Jio Platforms raised Rs 8,109.84 crore from 212 anchor investors.

Several major sovereign wealth and pension funds participated in the anchor investment, 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.

Domestic institutional investors also participated in the offering. These included SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Aditya Birla Sun Life, Nippon India and Kotak Mahindra Mutual Fund.

Major insurers and pension funds, including Life Insurance Corporation of India, HDFC Life, SBI Life, SBI Pension, HDFC Pension, ICICI Prudential and UTI Pension, also took part in the issue.

The IPO will remain open for subscription until October 23.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Moneycontrol ↗
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