Jio Platforms IPO draws $77B in bids, India’s most-subscribed offering

The scale of anchor-investor demand — sovereign and global asset managers bidding far beyond the reserved tranche — signals that large institutions are treating India's digital-infrastructure story as a core allocation rather than a tactical trade. For India's primary market, a record oversubscription of this size sets a demanding benchmark for the next large listing and raises the bar for how much float future issuers can place without straining liquidity. The open question is whether the valuation holds once unrestricted trading begins next Wednesday, and whether this level of foreign anchor participation becomes a repeatable feature of Indian tech listings or a one-off.