Economy
Jio Platforms IPO Anchor Book Draws Record Institutional Demand
The Indian Express2h
THE BRIEF
1
Jio Platforms Ltd’s anchor book drew institutional demand exceeding 30 times the amount on offer, touching nearly Rs 2.5 lakh crore.
2
The IPO opens on October 21 and closes on October 23, aiming to raise Rs 30,213 crore at the upper price band of Rs 1,119 per share.
3
Jio plans to use Rs 27,500 crore of the proceeds to repay debt ahead of its scheduled stock exchange listing on October 28.