# Reliance Jio IPO: Massive bids top $25 bn for anchor book

> Reliance Jio's IPO anchor book attracts bids exceeding $25 billion from top investors.
- Title: Reliance Jio IPO: Massive bids top $25 bn for anchor book
- Summary: Reliance Jio's IPO anchor book attracts bids exceeding $25 billion from top investors. Reliance Jio Platforms' IPO received anchor bids over $25 billion…
- Keywords: reliance jio, ipo, mukesh ambani, jio platforms, anchor book, investors, stock market, money, business, Reliance, Jio, Massive
- Source: mint — https://livemint.com/market/ipo/reliance-jio-ipo-massive-bids-top-25-bn-amount-for-anchor-book-okhow-mukesh-ambani-firm-attracted-top-notch-investors-11792488288719.html
- Author: Pranati Deva
- Published: 2026-10-20T10:36:29+00:00
- Read time: 1 min
- Topics: reliance jio, ipo, mukesh ambani, jio platforms, anchor book, investors, stock market, money, business
## Reliance Jio IPO Anchor Bids
Reliance Jio Platforms' ₹ 30,213 crore IPO drew anchor bids exceeding 30 times the available shares.
## Anchor Book Allocation Details
The company allocated shares worth more than ₹ 8,100 crore to anchor investors, with bids exceeding $25 billion.
## Key Investors in Anchor Book
Life Insurance Corporation of India received the largest allocation at ₹ 500 crore, accounting for 6.17% of the anchor book.
## Domestic Mutual Funds
Domestic mutual funds received 2.48 crore shares worth ₹ 2,785 crore, or 34.34% of the anchor book.
## Global Investors
The list of overseas investors included major asset managers such as BlackRock, Fidelity, Capital Group, and T. Rowe Price.
## Jio's Market Position
Jio has more than 500 million subscribers, making it India's largest mobile operator with 533mn subscribers.
## Financial Performance
Jio Platforms' revenue and net profit recorded compound annual growth rates of 16% and 18% between FY24 and FY26.
## Investor Recommendations
Brookragge house Motilal Oswal recommended investors to subscribe for both listing gains and long term.
## IPO Details
Jio Platforms is seeking to raise ₹ 30,213 crore through a fresh issue of shares with a price band of ₹ 1,065 to ₹ 1,119 per share.
## Use of Proceeds
Jio plans to allocate up to ₹ 27,500 crore towards repaying borrowings at Reliance Jio Infocomm.
## Key takeaway

Reliance Jio Platforms' IPO received anchor bids over $25 billion, with major global and domestic investors participating in the offering.