India · Updated 19 Oct, 10:48 pm IST
Jio Platforms raises ₹8,109.8 Cr from anchor investors ahead of IPO
Why it matters for readers: Explains who the big investors are and when the public can apply for the Jio IPO.
- Jio allotted 7.25 crore equity shares to anchor investors at the top of the price band, ₹1,119 per share, raising ₹8,109.8 crore.1
- Domestic mutual funds bought about 2.48 crore shares — over a third of the anchor allocation — through 25 funds and 95 schemes.1
- Insurance companies and pension funds took 97 lakh shares (13.4% of the anchor round), including Life Insurance Corporation and private life insurers.1
- Global institutional investors such as Fidelity, Allianz, BlackRock, Government of Singapore and Abu Dhabi Investment Authority also participated in the anchor round.1
- The IPO’s public subscription window is scheduled to open on October 21 and close on October 23.1
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