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India's Jio draws about $25 billion in IPO anchor investor bids, sources say

MUMBAI, ⁠Oct 19 (Reuters) - Mukesh Ambani's $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion ⁠from institutions including GIC, BlackRock and Fidelity, totaling almost 30 times the ‌quota reserved for anchor investors, two people familiar with the matter said.

The Star MalaysiaAditya Kalra, Vibhuti Sharma2026-10-19 11:23查看原文 ↗

Uday Kotak, founder and non-executive director of Kotak Mahindra Bank; Isha Ambani, non-executive director of Jio Platforms Ltd.; Akash Ambani, chairman of Reliance Jio Infocomm Ltd. and director of Reliance Retail Ventures Ltd.; and Pankaj Pawar, chief executive officer of Jio Platforms Ltd., pose for a picture during a Jio Platforms Ltd. IPO press conference in Mumbai, India, October 15, 2026. REUTERS/Ashish Vaishnav

MUMBAI, ⁠Oct 19 (Reuters) - MukeshAmbani's $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion ⁠from institutions including GIC, BlackRock and Fidelity, totaling almost 30 times the ‌quota reserved for anchor investors, two people familiar with the matter said.

The telecoms, cloud and AI group on Monday opened its record initial public offering to institutional investors who can bid for up to 30% of the offering exclusively earmarked for them, before the issue opens for ⁠public subscription on Wednesday.

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