Economy
Jio Platforms Anchor Book Draws Record ₹2.5 Lakh Crore In Bids Ahead Of IPO
The Hindu1h
THE BRIEF
1
Jio Platforms allotted shares worth ₹8,109.85 crore to 212 anchor investors after institutional demand exceeded ₹2.5 lakh crore ahead of its IPO opening on October 21.
2
Life Insurance Corporation of India received the largest allocation at ₹499.98 crore, while domestic mutual funds secured 34.34% of the anchor book.
3
The company aims to raise about ₹30,213 crore through a fresh issue of up to 27 crore shares at a price band of ₹1,065 to ₹1,119 apiece.