Jio Platforms' anchor book draws Rs 2.5 lakh crore in bids ahead of IPO

Jio Platforms has allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the top end of its price band, after institutional demand for the offering exceeded Rs 2.5 lakh crore, more than 30 times the amount available in the anchor book, according to a stock exchange filing and people familiar with the matter. The allotment of 7.24 crore shares at Rs 1,119 apiece comes ahead of the initial public offering that opens for public subscription on Wednesday. The strong demand underscores in