Jio Platforms sells shares worth ₹8,110 crore to 212 large investors at ₹1,119 before its IPO opens on 21 October
Before its public offer opens on 21 October 2026, Jio Platforms allotted 7.24 crore shares to 212 anchor investors at ₹1,119, the top of the price band. Who got the most, and what it means for the public issue.
Jio Platforms Limited, the Reliance Industries subsidiary that runs Jio’s telecom and digital businesses, has sold shares worth about ₹8,110 crore to 212 anchor investors, two days before its initial public offering (IPO, the first sale of a company’s shares to the public) opens. Anchor investors are large institutions, such as insurers, mutual funds and foreign funds, that are allotted shares a day or two before the public issue opens. All of them paid ₹1,119 a share, the top of the ₹1,065 to ₹1,119 price band. Public bidding runs from 21 to 23 October 2026, and the minimum bid for an individual remains ₹13,428 (one lot of 12 shares at ₹1,119), as set out in our price band article.
Key facts
| Item | Detail |
|---|---|
| Amount raised from anchor investors | About ₹8,110 crore (₹8,109.85 crore) |
| Number of anchor investors | 212 |
| Shares allotted to anchors | About 7.24 crore (7,24,74,066 per ANI) |
| Price paid | ₹1,119 a share, the top of the band |
| Public bidding | 21 to 23 October 2026 |
Who got the largest allotments
The reports list the five largest anchor investors:
| Investor | Amount |
|---|---|
| Life Insurance Corporation of India (LIC) | ₹499.98 crore (6.17% of the anchor portion) |
| New World Fund Inc | ₹486.27 crore |
| Government of Singapore | ₹340.93 crore |
| SBI Focused Fund | ₹315 crore |
| BNP Paribas Financial Markets (ODI) | ₹303.25 crore |
An ODI (offshore derivative instrument) is a way for foreign investors to hold Indian securities through a registered intermediary.
Mutual funds, insurers and pension funds
Domestic mutual funds received about 2.49 crore shares worth ₹2,785 crore, or 34.34% of the anchor allocation, across 95 schemes from 25 fund houses. Life insurers and pension funds received 97.4 lakh shares worth about ₹1,090 crore, or 13.44%. PTI reports that the red herring prospectus (the offer document filed before the price is fixed), dated 14 October, reserved 33.33% of the anchor portion for mutual funds and 6.67% for insurers and pension funds, and that actual allocations to both groups were higher than those reserved shares.
What this does not change
The anchor allotment does not alter the terms of the public issue. The price band, lot size and dates are unchanged from the offer document, and the anchor price of ₹1,119 is the upper end of that band. The final issue price will be fixed within the band after bidding closes on 23 October. This article reports who was allotted shares and at what price; it carries no view on the issue.
Basis of these figures
The exchange filing on the anchor allotment could not be opened for this article. Every figure comes from three published reports: Mint (via TradingView; total, 212 investors, 7.24 crore shares, top five, mutual fund and insurer shares), PTI (via DT Next; exact total, reserved portions in the prospectus) and ANI (via Asianet Newsable; share count and LIC’s share count). The reports agree on the total, price, investor count and the top-five amounts. Reports also mention institutional bids of more than ₹2.5 lakh crore; that figure is left out here because it is described as bids rather than money allotted.