Jio Platforms’ mega Rs 30,200 crore initial public offering (IPO) has drawn aggregate institutional demand of about Rs 2.5 lakh crore, setting a record for an Indian IPO and underscoring the scale of investor interest in Reliance Industries’ digital businesses.
The Rs 8,110 crore anchor book attracted more than 30 times the shares on offer, according to people aware of the matter. The demand has come from some of the world’s largest asset managers, sovereign wealth funds, domestic mutual funds, insurers and pension funds.
