Jio Platforms IPO draws ₹8,110 crore in anchor investor bids

What happened: Jio Platforms allocated 7.247 crore shares to anchor investors at ₹1,119 apiece ahead of its $3.2 billion IPO, with BlackRock, Fidelity, Capital Group and Allianz among participants. Key numbers: ₹8,110 crore ($854 million) raised from anchor book; IPO seeks up to ₹30,200 crore at ₹1,065-1,119 per share; 27 crore shares offered, about 2.9% of post-issue equity; valuation up to ₹10.3 lakh crore; subscription Why it matters: Even at the bottom of the range the offering would raise about ₹28,700 crore, surpassing Hyundai Motor India's ₹27,800-crore sale as India's largest IPO. Coverage: 4 outlets in 24h

Jio Platforms allocated 7.247 crore shares to anchor investors at ₹1,119 apiece ahead of its $3.2 billion IPO, with BlackRock, Fidelity, Capital Group and Allianz among participants.

Even at the bottom of the range the offering would raise about ₹28,700 crore, surpassing Hyundai Motor India's ₹27,800-crore sale as India's largest IPO.