Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore

What happened: Jio allotted 7.25 crore shares to 212 anchor investors at Rs 1,119 apiece, the upper end of its IPO price band, raising Rs 8,110 crore. Key numbers: 7.25 crore shares at Rs 1,119 each. 95 domestic mutual fund schemes got 2.49 crore shares worth about Rs 2,785 crore (34.34%). Why it matters: The anchor book drew global institutions and sovereign funds at a time when foreign portfolio investors have been withdrawing from Indian equities amid concerns over high US bond yields, elevated crude oil prices and currency volatility.

Jio allotted 7.25 crore shares to 212 anchor investors at Rs 1,119 apiece, the upper end of its IPO price band, raising Rs 8,110 crore.

The anchor book drew global institutions and sovereign funds at a time when foreign portfolio investors have been withdrawing from Indian equities amid concerns over high US bond yields, elevated crude oil prices and currency volatility.