Reliance Jio IPO anchor book attracts over $25 billion in institutional bids

Reliance Jio Platforms received institutional bids exceeding $25 billion for its anchor investor portion, surpassing available shares by over 30 times.

The company allocated shares worth over ₹8,100 crore to institutional investors, with domestic mutual funds securing 34.34% of the allocation.

The public issue aims to raise ₹30,213 crore through a fresh issue with a price band of ₹1,065 to ₹1,119 per share ahead of its market debut.