1. Jio IPO anchor book sees huge demand ahead of public issue

Jio IPO anchor book sees huge demand ahead of public issue

Business

  • • Jio Platforms’ ₹8,110-crore anchor book attracted over 30 times the demand, with institutional bids worth nearly ₹2.5 lakh crore.
  • Global investors including BlackRock, Fidelity, Singapore’s GIC and Norway’s Norges Bank showed interest in the IPO.
  • Indian institutions, including SBI Mutual Fund, HDFC Mutual Fund and LIC, also sought allocations ahead of Jio’s public issue opening on October 21.

Source: moneycontrol.com

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