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Jio IPO Smashes Records: Fully Subscribed In Under 100 Minutes
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News18•21-10-2026, 11:25
Jio IPO Smashes Records: Fully Subscribed In Under 100 Minutes
- •The Rs 30,213-crore initial public offering of Jio Platforms Ltd achieved full subscription in record time on the first day of bidding.
- •The issue became the fastest among recent mega-IPOs to cross the milestone, outperforming peers like Bajaj Housing Finance, Hyundai Motor India, and LG Electronics India.
- •Strong institutional demand drove the momentum, with the qualified institutional buyers category subscribed 3.25 times in the initial hours.
- •Unlike several recent mega-IPOs that relied entirely on offers for sale, Jio Platforms' offering is a pure fresh issue of shares meant to raise capital for the company.
Key Questions Answered
The Rs 30,213-crore initial public offering of Jio Platforms Ltd achieved full subscription in record time on Wednesday, October 21, crossing the mark in less than 100 minutes.
The IPO demand was heavily driven by qualified institutional buyers (QIBs), whose reserved portion was subscribed 3.25 times during the early hours of bidding.
Unlike the IPOs of Hyundai Motor India and LG Electronics India, which were entirely offers for sale, the Jio Platforms offering is a pure fresh issue of shares where proceeds go directly to the company.
