₹8,109.84 cr anchor book, priced at ₹1,119, closes Oct 19, according to the BSE filing. The allotment matched the upper end of the ₹1,065‑₹1,119 band, leaving little room for price revision.
BlackRock, Capital Group, Fidelity and JPMorgan Asset Management led the pack, with allocations ranging from ₹341 cr for the Singapore Government to ₹486 cr for New World Fund Inc. The 212 investors represent a mix of domestic mutual funds, insurers, pension funds and long‑only global funds.
With 27 crore shares in the fresh issue, Jio will dilute its post‑issue equity by 2.9 %. The anchor book size accounts for 26.8 % of the total IPO, a higher proportion than the 2023 Reliance IPO’s 15 %. This suggests a strong appetite for telecom‑tech exposure.
The public subscription opens Oct 21, set to close Oct 23, with a price range of ₹1,065‑₹1,119. If the anchor price holds, the issue could trade at the high end on listing, potentially driving a first‑day rally. Investors will watch the allocation of the ₹500 cr employee reservation and ₹2,500 cr shareholder reservation for Reliance stakeholders.