BlackRock, GIC among investors chasing Indian telecom major Jio's IPO as anchor bids top $26 billion

IPOsPublished Mon, Oct 19 202610:44 PM EDTKey PointsJio Platforms has garnered bids from top global investors including Capital Group, GIC, and BlackRock for the $854 million anchor book portion of its initial public offering.The company's anchor book received total bids worth $26.3 billion from institutional investors, more than 30 times the anchor book.Meta and Google-backed Jio Platforms plans to raise up to $3.2 billion through an IPO.A Jio Platforms Ltd. logo at a news conference ahead of the company's listing ceremony at Reliance Corporate Park in Mumbai, India, Thursday, Oct. 15, 2026. Bloomberg | Bloomberg | Getty ImagesIndia's Jio Platforms has seen the anchor investor quota for its initial public offering oversubscribed more than 30 times, according to a source familiar with the matter, drawing bids from top asset managers including BlackRock, Capital Group and GIC. The country's largest telecommunications and digital services company, backed by Meta and Google, plans to raise up to 302 billion rupees ($3.2 billion) through India's largest ever IPO in rupee terms.According to the source, who is not allowed to speak on the matter due to legal restrictions, the company's an...