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via economictimes.indiatimes.comCapital Markets

Jio IPO draws Rs 2.5 lakh crore in anchor bids from over 70 investors

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Jio Platforms Rs 30,188 crore IPO has attracted institutional bids worth around Rs 2.5 lakh crore, more than 30 times the size of its anchor book. Over 70 investors, including global asset managers, sovereign wealth funds, domestic mutual funds and insurers, have expressed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralLarge Indian IPO with strong institutional demand, relevant to Indian equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio Platforms has a Rs 30,188 crore IPO.
  2. 02Institutional bids total about Rs 2.5 lakh crore, more than 30 times the anchor book.
  3. 03The IPO opens on October 21.

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