JIO PLATFORMS IPO : RS 2.5 LAKH CRORE BIDS FOR ANCHOR BOOK , SHOULD YOU SUBSCRIBE ?

What happened: Jio Platforms' Rs 8,110-crore anchor book reportedly drew about Rs 2.5 lakh crore of institutional demand ahead of its IPO, per PTI-cited sources. Key numbers: Rs 8,110 crore anchor book; about Rs 2.5 lakh crore demand; more than 30 times the amount available. Why it matters: Global asset managers, sovereign wealth funds, domestic mutual funds, insurers and pension investors sought shares through the anchor book, which gives institutional investors allocations in advance.

Jio Platforms' Rs 8,110-crore anchor book reportedly drew about Rs 2.5 lakh crore of institutional demand ahead of its IPO, per PTI-cited sources.

Global asset managers, sovereign wealth funds, domestic mutual funds, insurers and pension investors sought shares through the anchor book, which gives institutional investors allocations in advance.