Jio IPO is set to open on October 21. (Image: AI-Generated)
\n\nJio Platforms has received bids from more than 70 institutional investors, potentially giving its Rs 30,188 crore initial public offering (IPO) one of the largest anchor investor lists globally.
\n\nLarge foreign funds, sovereign wealth funds and domestic institutions have shown interest in buying $750 million to more than $1 billion worth of Jio Platforms shares each, far exceeding the allocations available in its roughly $854 million IPO anchor book, as reported by the Economic Times.
\n\nGlobal asset managers participating include BlackRock, Capital Group, Fidelity, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson.
\n\nFurther, the sovereign investors and state-backed investment managers in the book include GIC, the Abu Dhabi Investment Authority, the Qatar Investment Authority and Norges Bank Investment Management.
\n\nDemand also came from all of India’s top 10 mutual funds including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund and Kotak Mutual Fund.
\n\nFurther, the insurance and pension investors include LIC, HDFC Life, SBI Life, SBI Pension, HDFC Pension and ICICI Prudential.
\n\nThe potential listing of Jio Platforms has emerged as one…
Original source: https://www.timesnownews.com/business-economy
