There is tremendous enthusiasm in the stock market regarding the IPO of Reliance Industries Chairman Mukesh Ambani's company Jio Platforms. Even before its listing in the market, big institutional investors from India and abroad have shown interest in this IPO.
Business News: There has been tremendous interest among institutional investors in the proposed IPO of Reliance Industries Chairman Mukesh Ambani's digital and telecom company Jio Platforms. The company is reported to have received bids worth around ₹2.5 lakh crore for its anchor book of ₹8,110 crore. This represents a demand of more than 30 times the amount available. This strong response has further increased investor attention on Jio IPO, one of the most talked about public offerings in the Indian stock market.
Global investors participate in Anchor Book
Many large international investment managers and government investment institutions have shown interest in the anchor book of Jio Platforms. According to reports, institutions like BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, JP Morgan Asset Management, Franklin Templeton and Invesco are among the bidders.
Additionally, participation from government investment institutions such as Singapore's GIC, Abu Dhabi Investment Authority and Qatar Investment Authority has also been reported. Interest from Indian investors including SBI Mutual Fund, HDFC Mutual Fund and insurance companies along with other domestic institutions has also been noted.
Anchor investors are those large institutional investors, who can be allotted shares under the prescribed process before the opening of the IPO. However, the value of the total bids does not equal the actual allotment or the final number of shares that investors will receive.
Jio's IPO will open on October 21
The IPO of Jio Platforms is scheduled to open for general investors on 21 October 2026 and close on 23 October. As per available information, the company is planning to raise approximately ₹30,213 crore from this issue. The price band of the shares has been set at ₹1,065 to ₹1,119 per share. Information has been given that a maximum of 27 crore new shares will be issued in the issue.
The potential valuation of the company at the upper price band is said to be around $108 billion. Due to this size, this IPO can be included in the major issues of the Indian capital market. However, the final valuation and stock market performance will be assessed only on the basis of market conditions and investor demand at the time of listing.
What does Jio Platforms do?
Jio Platforms is a digital and telecom business company of Reliance Industries. Its business includes activities related to mobile connectivity, broadband, digital services and enterprise solutions. The company's telecommunication services have played an important role in the expansion of mobile data and digital connectivity in India.
According to reports, as of June 2026, the number of Jio subscribers was around 53.33 crore. The company also holds a major share in India's data traffic. Now exploring opportunities in areas like cloud and artificial intelligence along with digital services is also part of its broader business strategy.
Where will the money raised from IPO be used?
According to available reports, a large part of the IPO proceeds could be used to repay or prepay the debt of Reliance Jio Infocomm. The remaining amount will be kept for general corporate needs. It is important for investors to understand how the use of IPO proceeds can impact the company's financial position and future plans.