Reliance Jio IPO: Massive bids top $25 bn amount for anchor book! How Mukesh Ambani firm attracted top-notch investors
Reliance Jio Platforms' initial public offering (IPO) attracted over $25 billion in bids for its anchor investor portion, exceeding 30 times the shares available. The company allocated shares worth more than ₹8,100 crore to institutional investors ahead of the public issue opening on October 21, reflecting strong global interest in Mukesh Ambani's telecom business.