Jio IPO anchor book draws over 30x demand
In short
Jio Platforms’ anchor book got more than 30 times demand, and bids came in at ₹2.5 trillion. The company is said to be raising up to $3.2 billion at a $108.3 billion valuation.
This shows very strong investor interest ahead of the IPO. The report does not say the final price, how the shares will be split, or when the full listing will happen.
What the reporting says
Jio Platforms’ anchor book drew more than 30 times demand, with bids worth ₹2.5 trillion, according to a publisher summary. The company is set to raise up to $3.2 billion at a valuation of $108.3 billion in what is described as India’s biggest-ever IPO. The source does not state the final share price, allotment details, or the timing of the full listing.
Why it matters
Jio Platforms’ anchor book reportedly saw demand above 30 times, with bids worth ₹2.5 trillion, ahead of an IPO expected to raise up to $3.2 billion. The company is described as aiming for a $108.3 billion valuation and India’s biggest-ever IPO. The source suggests strong appetite from investors, but it does not provide final pricing or listing timing.