Jio Platforms IPO Draws Interest From Global Institutional Investors
· Business · Economic Times
Jio Platforms has attracted significant interest from global sovereign wealth funds and asset managers, including GIC, Fidelity, and BlackRock, for its upcoming ₹30,188-crore initial public offering. Domestic institutional investors such as SBI Mutual Fund, LIC, and HDFC Mutual Fund are also among the potential bidders for the anchor book. The company has set a price band of ₹1,065 to ₹1,119 per share, with a minimum bid requirement of 12 shares. This offering is set to become India's largest IPO, surpassing the ₹27,859-crore record set by Hyundai Motor India earlier this year. The subscription window for the public is scheduled from October 21 to October 23, while anchor investor bidding opens on October 19.
Why it matters
As India's largest-ever IPO, this listing marks a major shift in the domestic capital markets and provides a significant liquidity event for Reliance Industries' digital and telecom arm.
Read the original report — Economic Times
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