Jio Platforms raised ₹8,109.84 crore from 212 anchor investors on 19 October 2026, ahead of its ₹30,187.6 crore public issue, according to a Moneycontrol report carried by TradingView News. Anchors were allotted 7.24 crore shares at the upper end of the price band, ₹1,119. The report cites aggregate institutional demand for the anchor book of nearly ₹2.5 lakh crore, which is about 31 times the amount allotted on the reported figures.
Who took part
Domestic investors included 25 mutual funds, which took 2.48 crore shares worth ₹2,784.96 crore through 95 schemes, and all of the top 10 fund houses. Insurers and pension funds, including LIC, HDFC Life, SBI Life and the NPS Trust, took 97.4 lakh shares worth ₹1,089.95 crore. Together these two groups account for about 48% of the anchor money on the reported figures. The report also names global managers such as BlackRock, Capital Group, Fidelity, T. Rowe Price and JPMorgan Asset Management, and sovereign funds and pensions including GIC, Norges Bank Investment Management, the Abu Dhabi Investment Authority and the Qatar Investment Authority.
The issue
The public issue opens on 21 October and closes on 23 October at ₹1,065 to ₹1,119 a share. It is a fresh issue of 27 crore shares, 2.9% of post-issue equity. ₹500 crore is reserved for employees, who get a ₹54-a-share discount, and ₹2,500 crore for eligible Reliance Industries shareholders. ₹27,500 crore of the proceeds will repay part of the debt of Reliance Jio Infocomm.
Recent results
For April–June 2026, Jio Platforms reported profit of ₹7,765 crore, up 9.1%, on revenue of ₹39,172.9 crore, up 11.8%.
Key numbers
- Anchor money raised: ₹8,110 cr (From 212 investors)
- Anchor demand: Nearly ₹2.5 lakh cr (About 31 times the allotment)
- Domestic mutual funds: ₹2,785 cr (25 funds, 95 schemes)
- Insurers and pensions: ₹1,090 cr (97.4 lakh shares)
What boards and CFOs should note
Three points stand out. First, anchor demand shows institutional appetite but is not the same as retail or public demand, which is still to come. Second, about half the anchor money came from domestic mutual funds, insurers and pension funds. Third, most proceeds repay subsidiary debt.
This is information, not a recommendation to apply.
Source: TradingView News (Moneycontrol), 19 October 2026. This is a summary of a news report, published as general information. It is not legal, tax or investment advice.
This article is journalism and commentary. It is not a recommendation to buy or sell any security, and it is not professional advice. Read the full disclaimer.
