New Delhi, Oct. 19 -- Jio Platforms has allotted shares worth Rs.8,110 crore to 212 anchor investors at the upper end of its price band of Rs.1,119 per share, according to a stock exchange filing.

The company allotted 7.24 crore shares to anchor investors ahead of its initial public offering (IPO), which opens for public subscription on Wednesday, October 21. The strong institutional response highlights investor interest in what is expected to be India's biggest-ever IPO.

Life Insurance Corporation of India (LIC) received the largest allocation, worth Rs.500 crore, accounting for 6.17% of the anchor book.

New World Fund Inc. was allotted shares worth Rs.486.27 crore, followed by the Government of Singapore at Rs.340.93 crore, SBI Focus...