From The Economic Times · Akash Podishetti · · 1m 20s
Jio IPO Anchor Investors Pour Rs 8,110 Crore
Jio Platforms secures Rs 8,110 crore from 212 anchor investors including LIC, BlackRock, and GIC ahead of record IPO.
In brief
Jio Platforms secures Rs 8,110 crore from 212 anchor investors including LIC, BlackRock, and GIC ahead of record IPO. Jio Platforms raised Rs 8,110 crore from 212 anchor investors for its record Rs 30,213 crore IPO. Originally reported by The Economic Times.
Jio IPO Anchor Allocation
Jio Platforms allotted 7.25 crore shares to 212 anchor investors at Rs 1,119 per share.
Key Anchor Investors
LIC received 44.68 lakh shares worth nearly Rs 500 crore, representing 6.17% of the anchor portion.
Global Institutional Participation
BlackRock, Fidelity, BNP Paribas, and GIC participated through multiple funds and investment accounts.
Domestic Mutual Funds
95 domestic mutual fund schemes received 2.49 crore shares worth approximately Rs 2,785 crore, representing 34.34% of the anchor book.
Insurance and Pension Funds
22 insurance companies and pension fund accounts were allotted shares worth about Rs 1,090 crore, accounting for 13.44% of the total allocation.
Singapore and Abu Dhabi Investments
Singapore's Monetary Authority received shares worth Rs 84 crore, while Abu Dhabi Investment Authority secured an allocation of about Rs 150 crore.
IPO Timeline
Jio Platforms' public issue opens on October 21 and closes on October 23, expected to surpass Hyundai's Rs 27,900 crore IPO.
IPO Valuation
Jio Platforms seeks an equity valuation of about Rs 10.3 lakh crore at Rs 1,119 per share.
At a glance
Jio Platforms raised Rs 8,110 crore from 212 anchor investors for its record Rs 30,213 crore IPO.
