Reliance Jio Platforms’ initial public offering (IPO) anchor investor portion attracted bids exceeding $25 billion, more than 30 times the shares available for allocation, according to a company filing. The firm allocated shares worth over ₹8,100 crore to anchor investors ahead of its public issue opening on October 21, 2026, highlighting strong institutional interest in Mukesh Ambani’s telecom and digital services business, per livemint.com.
The anchor book opened on October 19, allowing institutional investors to bid for up to 30% of the overall offering. Reliance Jio allotted 7.24 crore shares to these investors, reflecting robust demand. Major allocations included Life Insurance Corporation of India (LIC) with ₹500 crore, New World Fund Inc. at ₹486.27 crore, the Government of Singapore at ₹340.93 crore, SBI Focused Fund at ₹315 crore, and BNP Paribas Financial Markets – ODI, according to the company filing reported by livemint.com.
This level of demand underscores the significant interest global and domestic institutions have in Reliance Jio’s IPO, expected to be India’s largest-ever. The anchor book’s oversubscription by more than 30 times indicates confidence in Jio’s growth prospects amid a competitive telecom and digital services market. The participation of sovereign wealth funds and large insurance firms signals strong backing for the offering, positioning it alongside other major recent IPOs in India.
The public portion of the Reliance Jio IPO is set to open on October 21, 2026, following the anchor investor allocation. The company’s filing confirms the ₹8,100 crore share allocation to anchor investors, setting a benchmark for one of India’s most anticipated stock market debuts.