Jio Platforms Ltd. has drawn more than $20 billion in bids for what could be India’s biggest-ever initial public offering, according to people familiar with the matter, according to a Bloomberg report yesterday.

Global investors, including Fidelity, Allianz and Capital Group, as well as other international and local firms have indicated interest in the IPO, some of the people said, asking not to be identified because the information is private.

A final list of IPO anchor investors will likely be decided in the coming days, the people said, adding that the process is ongoing and no final decisions have been made yet.

Representatives for Jio’s parent reliance Industries Ltd., and Fidelity didn’t respond to requests for comment from Bloomberg the report added, saying Allianz and Capital Group declined to comment.

After earlier expectations reached as high as $170 billion, Jio Platforms is now aiming for a valuation of as much as 10.3 trillion rupees ($108 billion) in the IPO, people familiar with the matter have said. 

Akash Ambani, the 34-year-old managing director of Jio Platforms and son of multibillionaire Mukesh, has been leading the deal with meetings from Hong Kong to London and New York in recent weeks.