Mumbai, Oct. 20 -- Life Insurance Corporation of India (LIC) received the largest individual allocation in the anchor book of Jio Platforms Ltd's initial public offering (IPO), with shares worth nearly Rs 500 crore allotted at Rs 1,119 apiece, according to the exchange filing.

Jio Platforms has raised Rs 8,110 crore from anchor investors ahead of its Rs 30,188-crore initial public offering (IPO), with participation from leading global institutional investors, sovereign wealth funds, insurance companies and domestic mutual funds.

The company's IPO Committee, in consultation with the book-running lead managers, finalised the allocation of 7,24,74,066 equity shares to anchor investors at Rs 1,119 per share. The allocation amounts to approx...