Jio IPO anchor demand tops Rs 2.5 lakh crore

Jio Platforms drew over Rs 2.5 lakh crore in institutional anchor demand for its roughly Rs 8,110 crore anchor book, more than 30 times the allocation. Shares were allotted at Rs 1,119 each to LIC, BlackRock, Fidelity, GIC and sovereign funds.

• Jio's anchor book was Rs 8,110 crore; demand exceeded it 30-fold
• 7,24,74,066 shares allotted at Rs 1,119 each
• LIC received shares worth about Rs 500 crore, 6.17% of the anchor portion
• 25 domestic mutual funds took part via 95 schemes, totaling Rs 2,785 crore