ON
← Back to feed
Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn
India📈 EconomyCenter17 hr. ago

Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn

The initial public offering (IPO) of Reliance Industries' digital arm, Jio, has seen overwhelming demand, with anchor investors bidding over 30 times the issue size. The total value of bids received reached ₹2.5 trillion, setting a new record for anchor bookings in India. This indicates strong investor confidence in Jio's potential despite the challenges faced by the telecom sector. The high level of interest suggests that Jio's business model and growth prospects are being viewed favorably by market participants.

Reliance Industries (RIL) Group is poised to surpass Tata Group as India’s most valuable conglomerate following the upcoming initial public offering (IPO) of Jio Platforms. According to ET Intelligence data, the listing, estimated at a valuation of up to Rs 10.3 lakh crore, could elevate RIL’s market capitalisation to approximately Rs 28.5 lakh crore, overtaking Tata Group’s current valuation of Rs 25.5 lakh crore as of October 15. Before the IPO, RIL’s market cap was Rs 18.2 lakh crore. The Jio Platforms IPO, priced between Rs 1,065 and Rs 1,119 per share, is projected to raise Rs 30,188 crore, marking it as India’s largest primary offering. This marks RIL Group’s first IPO in nearly two decades. Uday Kotak, chairman of Kotak Mahindra Bank, highlighted during a media briefing that RIL would become India’s largest conglomerate by market cap under Mukesh Ambani’s leadership. Jio Platforms, which handles over 60% of India’s data traffic, has drawn significant investor interest. Anchor investors have shown over 30 times the demand, with bids totaling ₹2.5 trillion. Analysts suggest the IPO will unlock value previously tied to RIL’s stake in Jio, creating a clearer gap between RIL and Tata Groups in terms of market capitalisation. Isha Ambani recounted how the idea for Jio originated in 2009–10 when she faced difficulties submitting an online assignment due to poor internet connectivity. This experience inspired her twin brother, Akash, to establish a digital technology platform. Jio launched in 2016 and quickly grew to become India’s largest telecom operator.

How this report was made. Objective News wrote this report from 2 source articles, using AI-assisted synthesis under our methodology. It is our own text, not a copy of any single outlet. Read our methodology.

Responsible editor: Matej BašaSpotted an error? Report it

2 reports

Times of India logoTimes of IndiaIndependentCenterFactual 95Objective 854 days ago
After Jio's listing, RIL could topple Tata as India's most valuable group

The article speculates that Reliance Industries Limited (RIL), following the stock market listing of its subsidiary Jio, may surpass Tata Group as India's most valuable corporate entity. This potential shift would reflect the growing influence and financial strength of RIL, driven by the success of Jio in the telecommunications sector. The article does not provide specific figures or detailed analysis but highlights the possibility of a change in the rankings of India's top corporate groups.

Bias read (Center): The headline presents a speculative scenario without overtly favoring any particular side or using emotionally charged language. It focuses on economic developments within corporate entities, which, while relevant to national economic policy, does not carry a clear ideological slant.

Why factuality (95): The article provides specific figures regarding the potential market capitalization of RIL Group post-Jio listing, citing ET Intelligence data and quotes from Uday Kotak. These details align with the general consensus found in other articles about the anticipated impact of the Jio IPO on RIL's ranki

Why objectivity (85): The article presents the information in a largely neutral manner, focusing on financial figures and statements from industry experts. However, there is some positive framing around the Ambani family and their leadership, which slightly skews the tone toward favoring RIL. This is not extreme but does

Business Standard logoBusiness StandardIndependent🔒Center17 hr. ago
Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn

The initial public offering (IPO) of Reliance Industries' digital arm, Jio, has seen overwhelming demand, with anchor investors bidding over 30 times the issue size. The total value of bids received reached ₹2.5 trillion, setting a new record for anchor bookings in India. This indicates strong investor confidence in Jio's potential despite the challenges faced by the telecom sector. The high level of interest suggests that Jio's business model and growth prospects are being viewed favorably by market participants.

Bias read (Center): The article reports on financial figures and market reactions without taking a stance on political issues. It focuses on economic indicators and investor behavior rather than political decisions or policies.

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.

Become a Supporter

Related stories