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Jio Platforms IPO Scripts History With Record-Breaking Subscription in Under 100 Minutes
- •Jio Platforms achieved the fastest subscription among major Indian IPOs, getting fully subscribed in under two hours on October 21.
- •The ₹30,213-crore initial public offering received bids for 20.03 crore shares against 19.75 crore shares on offer, reaching 1.01 times overall subscription.
- •The qualified institutional buyers portion was subscribed 3.25 times, driving the rapid pace of bidding for India's largest public issue to date.
- •Prior to the public opening, Jio raised ₹8,,109.84 crore from 212 anchor investors, attracting massive demand from global sovereign wealth funds and domestic mutual funds.
- •Uday Kotak called the offering historic, highlighting Jio's 530 million users and noting that Reliance Industries would become India's largest conglomerate by market capitalization.
Key Questions Answered
Jio Platforms launched its ₹30,213-crore initial public offering on October 21, 2026, becoming the fastest-subscribed major IPO in India by achieving full subscription in under 100 minutes. The offering easily outpaced previous mega issues from Bajaj Housing Finance, LG Electronics India, and Hyundai Motor India.
Ahead of the public opening, Jio Platforms raised ₹8,109.84 crore from 212 anchor investors on October 19, 2026, drawing over ₹2.5 lakh crore in demand from major global sovereign wealth funds, domestic mutual funds, and insurance companies.
Unlike the Hyundai Motor India and LG Electronics India IPOs, which primarily featured existing shareholders selling shares via an offer for sale, the Jio Platforms offering is a pure fresh issue where all proceeds go directly to the company.
