Economic TimesLean R·
Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids
Mumbai: The anchor book in the Jio Platforms initial public offering (IPO) Monday garnered a staggering response at 30 times the stock on offer for this category of bidders. Global and domestic bulge-bracket investors bid more than ₹2.5 lakh crore to own a slice of Jio Platforms, against the earmarked ₹8,110 crore anchor book in what is set to be India's biggest IPO. It allotted 72.5 million equity shares at the upper end of its price band of ₹1,065-1,119, Jio said in an exchange filing late Mo…
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