Jio IPO subscribed 2.21 times; QIB portion subscribed nearly 7 times—get all the details, including the GMP..

Today, October 21, all eyes are on the IPO of Reliance’s Jio Platforms. The IPO opened for subscription at 10:00 AM today. Even before the issue opened, the company secured support from major institutional investors, raising approximately ₹8,109.84 crore from anchor investors. The price band for the IPO has been set at ₹1,065 to ₹1,119 per share. Through this issue, the company will issue up to 27 crore new shares. The focus will now be on the response from retail investors and the pace of subscription on the first day.

Based on the upper end of the price band, Jio Platforms will have a market capitalization of approximately ₹10.3 lakh crore. One lot in the IPO consists of 12 shares, meaning retail investors will need to invest at least ₹13,428 for a single lot. Thereafter, investors can subscribe in multiples of 12 shares. In this live blog, we will provide all the latest updates regarding the Jio IPO.

Jio raises ₹8,109.84 crore from anchor investors for its IPO
Before the opening of the IPO, Jio Platforms raised ₹8,109.84 crore from 212 anchor investors. Major sovereign wealth funds—such as Singapore’s GIC, Norway’s Norges Bank Investment Management, the Abu Dhabi Investment Authority, and the Qatar Investment Authority—have invested in this issue. Additionally, Canada’s PSP Investments, as well as the California State Teachers’ Retirement System and the Florida Retirement System from the United States, have also acquired stakes. This participation from anchor investors highlights the strong interest among large institutional investors in the Jio IPO.

Disclaimer: This content has been sourced and edited from News18 Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.