Stories
Jio Platforms IPO Day 1: QIB Portion Nears 2x Subscribed, Overall Hits 84%
N
News18•21-10-2026, 10:08
Jio Platforms IPO Day 1: QIB Portion Nears 2x Subscribed, Overall Hits 84%
- •Jio Platforms opened its highly anticipated initial public offering for public subscription on October 21, running through October 23.
- •The price band for the IPO is fixed at Rs 1065 to Rs 1119 per equity share with a lot size of 12 shares.
- •The issue consists entirely of a fresh offering of approximately 27 crore equity shares with no offer for sale.
- •The IPO values Jio Platforms at around Rs 10.3 lakh crore at the upper end of the price band.
- •On Day 1, the Qualified Institutional Buyer portion was subscribed nearly 2 times within an hour while overall subscription reached 84%.
Key Questions Answered
Jio Platforms has fixed its IPO price band at Rs 1,065 to Rs 1,119 per equity share with a lot size of 12 shares. At the upper end of this price band, retail investors are required to invest a minimum of Rs 13,428 to apply for a single lot.
The initial public offering for Jio Platforms opened for public subscription on October 21, 2026, and is scheduled to close on October 23, 2026.
The public issue comprises a fresh offering of approximately 27 crore equity shares aiming to raise up to Rs 30,213 crore at the upper price band, with no offer for sale (OFS) from existing shareholders.
