Jio Platforms IPO draws ₹2.5 lakh crore institutional demand ahead of October 21 opening

LIC received the largest allocation in the anchor book, worth Rs 499.98 crore, accounting for 6.17% of the total.

The ₹8,110 crore anchor book attracted more than 200 investors and over 100 fund schemes, including leading global and domestic institutions

Ahead of opening its public issue on Wednesday (October 19), telecom major Jio Platforms has raised ₹8,109.8 Cr from anchor…

Anchor book oversubscribed more than 30 times as global and domestic investors queue up for Reliance subsidiary’s listing

New Delhi: Jio Platforms' initial public offering has attracted institutional demand of about Rs 2.5 lakh crore, with global asset managers, sovereign wealth funds, domestic mutual funds and insurers among investors seeking a stake in the Reliance Industries subsidiary ahead of its stock market debut.JioPlatform IPO to open on October 21and close on October 23- ₹2,500 crore worth of shares reserved for eligible RIL shareholders- ₹500 crore worth of shares reserved for eligible employees- Fresh issue of up to 27 crore equity shares- Anchor bidding on October 19 pic.twitter.com/X00vm4btTt— DeshGujarat (@DeshGujarat) October 14, 2026 The company's Rs 8,110-crore anchor book drew demand of more than 30 times the amount on offer, according to figures provided for the transaction, sources privy to the development said.The scale of interest highlights the institutional appetite for the telecom and digital services business as it prepares for a separate listing.Among the global investment firms putting offers for the anchor book are BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson.Preserve And Reform The WTO For Free And Fair Air Global Trade Sovereign and public investment institutions, including Singapore's GIC, the Abu Dhabi Investment Authority, the Qatar Investment Authority and Norway's Norges Bank Investment Management also queued up, they said.Indian institutions also had a prominent presence, with major mutual fund houses, including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Asset Management Company participating.Insurers and pension investors, including Life Insurance Corporation of India, HDFC Life Insurance, SBI Life Insurance, SBI Pension Funds, HDFC Pension and ICICI Prudential were among those who made offers, sources said.Jio Platforms IPO GMP Today: Grey Market Premium Hits ₹250 Ahead Of October 21 Opening, Check Price Band, Lot Size & Listing Date The breadth of participation spans domestic and overseas institutions with different investment mandates.Jio Platforms is seeking to raise about Rs 30,213 crore through an initial public offering scheduled to open for public subscription on October 21 and close on October 23. The price band has been set at Rs 1,065 to Rs 1,119 a share, with the offering comprising up to 27 crore new shares.The offering is expected to become India's largest IPO, potentially valuing the company at about USD 108 billion at the upper end of the price range. The proceeds are intended in part to support debt repayment at its telecom subsidiary, alongside general corporate purposes, according to the company's offer documents.'Protocol, Not Power': Former IMF Director KV Subramanian As Pakistan Terms Its IMF-World Bank Chairmanship As 'Historic' Jio Platforms, controlled by billionaire Mukesh Ambani's Reliance Industries, has expanded from its core mobile connectivity business into broadband, digital entertainment, cloud and enterprise services. Its listing will give public-market investors a direct investment route into the business, which has so far operated as a subsidiary of Reliance Industries.The company had 533.3 million subscribers as of June 2026 and accounted for nearly 60 per cent of India's data traffic, according to reported company figures.The strong institutional interest could support participation in the broader IPO.Anchor investors are institutions allotted shares ahead of the public subscription period under the IPO process. Their participation can provide an indication of institutional appetite, although allocations, valuation and subsequent market performance remain separate considerations.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Jio Platforms IPO gets over times anchor demand draws Rs lakh crore bid

Mumbai: The much-awaited Jio Platforms Initial Public Offering (IPO) is set to open for subscription this week, with investors closely watching its grey market premium (GMP) ahead of the launch.The Rs 30,213 crore IPO will open on October 21, 2026, and close on October 23, 2026.According to IPO Watch, Jio Platforms' grey market premium stood at Rs 250 per share on October 19, indicating a potential listing gain of around 22.34 per cent over the upper price band.However, GMP is an unofficial market indicator and does not guarantee actual listing gains.Jio Platforms IPO Price BandJio Platforms has fixed its IPO price band between Rs 1,065 and Rs 1,119 per equity share.The company plans to raise Rs 30,213 crore entirely through a fresh issue of 27 crore equity shares.Each share will have a face value of Rs 10.The funds will be raised through the issue of new shares rather than the sale of existing shares by shareholders.Minimum Investment For Retail InvestorsRetail investors can apply for a minimum of one lot, consisting of 12 equity shares.At the upper price band of Rs 1,119 per share, investors will need at least Rs 13,428 to apply for one lot. NSE IPO GMP Slides to Rs 43 Ahead of Listing, Grey Market Signals Modest Gains on Market DebutThose planning to apply for additional lots will need to invest in multiples of 12 shares.Jio Platforms IPO Important DatesThe IPO subscription window will remain open for three days, from October 21 to October 23.The tentative allotment date is October 26, 2026, when investors will find out whether they have received shares.The company is expected to list its shares on the stock exchanges on October 28, 2026.Jio IPO May Break Hyundai's RecordJio Platforms' proposed Rs 30,213 crore IPO could become India's biggest public issue, surpassing Hyundai Motor India's Rs 27,800 crore IPO launched in October 2024.The company plans to issue 27 crore new shares, representing approximately 2.93 per cent of its post-IPO equity capital. Pranav Constructions IPO Day 1: Issue Subscribed 2.56x, GMP Signals 36% Listing Gain The public offering is also expected to attract significant attention from institutional and retail investors.What Does Rs 250 GMP Indicate?At the upper price band of Rs 1,119, a GMP of Rs 250 suggests an estimated listing price of Rs 1,369 per share.This represents a potential gain of approximately 22.34 per cent.However, grey market premiums can change quickly depending on demand and market sentiment. Investors should not treat these estimates as guaranteed returns.Disclaimer: IPO details and GMP are based on available market information. Grey market premiums are unofficial and do not guarantee returns.

Jio Platforms IPO GMP today Premium hits Rs as anchor book opens