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Story summary
- Jio Platforms secured anchor investor allocations worth over INR2.5 trillion, more than 30 times the shares offered.
- It set an IPO price band of INR1,065–INR1,119 per share, valuing the firm at about $108 billion.
- The company allotted 7.247 crore shares at INR1,119 each to 212 anchor investors, raising roughly INR8,110 crore.
- Up to INR27,500 crore of net proceeds will repay or prepay Reliance Jio Infocomm borrowings.
