Stories
Historic Jio IPO Creates Wave With Massive Global Investments
N
News18•19-10-2026, 17:10
Historic Jio IPO Creates Wave With Massive Global Investments
- •Anchor investor bidding for Reliance Industries group's Jio Platforms IPO has officially commenced.
- •Surpassing the Rs 8,110 crore allocation size, massive bids worth around Rs 2.5 lakh crore have flooded in from global and domestic institutional investors.
- •Leading global investment firms such as BlackRock, JPMorgan, Fidelity, and sovereign wealth funds like GIC and ADIA have eagerly participated.
- •The IPO price band is set between Rs 1,065 and Rs 1,119 per share, aiming to raise Rs 30,213 crore to become India's largest public offering.
- •The majority of the funds raised will be utilized to pay off the debts of its subsidiary, Reliance Jio Infocomm, and for general corporate purposes.
Key Questions Answered
The price band for the Jio Platforms IPO has been fixed between Rs. 1,065 and Rs. 1,119 per share. At the upper limit, the company aims to raise approximately Rs. 30,213 crore through a fresh issue of up to 27 crore equity shares.
The anchor investor bidding for the Jio Platforms IPO began on October 19, 2026. Subsequently, the public subscription for retail and general investors will open on October 21 and close on October 23, 2026.
Surpassing the anchor book allocation size of Rs. 8,110 crore, massive bid applications worth around Rs. 2.5 lakh crore flooded in from global and domestic institutional investors. This represented approximately 30 times higher demand than the number of shares initially allocated.
