FILE PHOTO: Jio Platforms’ ₹8,110 crore anchor book attracts strong interest from institutional investors, including LIC, BlackRock, Fidelity and leading Indian mutual funds.
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RAMAKRISHNA G
Aggregate institutional demand for Jio Platforms Limited’s initial public offering exceeded ₹2.50 lakh crore, more than 30 times the anchor book amount. This is the first time any Indian IPO has crossed this mark.
The ₹8,110 crore anchor book drew significant demand from Indian and global investors, indicating a clear vote of confidence from long-term investors. The document listed over 200 investors and more than a hundred fund schemes, including global tech specialists like Dragoneer, Janus Henderson, and Ninety One.
Further, leading Indian family offices like Enam family office, Premji, Zerodha family office, and HCL family office are also participating in the IPO, while the largest active global mutual fund, Fidelity Contra Fund, participates as one of the top anchors.
LIC leads anchor allocation with ₹500 crore
The largest anchor allocation was ₹ 500 crore to LIC, followed by ₹ 425 crore each to Capital International, GIC, BlackRock, FMR, SBI MF, HDFC MF, and ICICI Pru MF, and ₹ 300 crore each to Capital World and Birla MF.
Sovereign and pension funds provide long-term capital
Long-term patient capital is from sovereign and pension funds like LIC, GIC, ADIA, QIA, Norges, PSP, California State Teachers Retirement, Florida Retirement System, SBI Pension (NPS Trust), HDFC pension, ICICI pension, UTI Pension.
Leading domestic and global investors participate
Top domestic and global investors include SBI MF, ICICI Pru MF, HDFC MF, BlackRock, Capital Group, Fidelity Management & Research, Schroders, JPM AM, Birla MF, Kotak MF, Nippon MF, Allianz, T. Rowe Price, and Prudential.
Published on October 19, 2026
