Jio Platforms' Rs 8,110-crore anchor book drew institutional bids of about Rs 2.5 lakh crore (yaani: 2.5 trillion rupees — 250 hazar crore) on Monday (October 19), more than 30 times the amount on offer, PTI reported, citing sources privy to the transaction.

Anchor allocation was finalised at 72.4 million shares at Rs 1,119 a share, the top of the Rs 1,065–1,119 price band.

The IPO aims to raise about Rs 30,213 crore through up to 27 crore new shares. It opens for public subscription on October 21 and closes on October 23; at the upper band, the company is valued at roughly Rs 10.3 lakh crore (about $108 billion).

The global firms that bid include BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson.

Sovereign and public investors in the book include Singapore's GIC, the Abu Dhabi Investment Authority, the Qatar Investment Authority and Norway's Norges Bank Investment Management.

Indian institutions that bid include 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, along with insurers and pension investors including LIC, HDFC Life, SBI Life, SBI Pension Funds, HDFC Pension and ICICI Prudential.

Sources: PTI via The Hindu BusinessLine (October 19, 2026); PTI via Dainik News Live (October 19, 2026); MoneyNomical (October 19, 2026).