Stories
Jio Platforms IPO Smashes Records With 3.2x Subscription On Day 1
- •The Rs 30,213-crore initial public offering of Jio Platforms Ltd received a 3.2 times overall subscription on its opening day.
- •The qualified institutional buyers portion was booked 9.42 times, leading the strong institutional demand.
- •The IPO crossed the full-subscription mark within around 100 minutes, making it the fastest among mega-IPOs to do so.
- •The retail investor segment generated the highest Day 1 retail demand for an IPO in India's capital market history.
- •The offering is structured as a fresh issue of 27 crore shares, with proceeds funding business requirements in digital connectivity, cloud infrastructure, and AI.
Key Questions Answered
The Rs 30,213-crore initial public offering of Jio Platforms Ltd opened for bidding on Wednesday, October 21, 2026. It crossed the full-subscription mark within around 100 minutes, finishing its first day with an overall subscription of 3.2 times.
The qualified institutional buyers portion was booked 9.42 times, while the retail investor segment attracted bids worth over Rs 6,900 crore, setting a record for the highest Day 1 retail demand for an Indian IPO. Other segments like the non-institutional investor portion, employee quota, and shareholder reservation also exceeded their allocations.
The Jio Platforms IPO closes on Friday, October 23, 2026. The basis of allotment will be finalised on Monday, October 26, and shares will be credited to demat accounts on Tuesday, October 27, before listing on the BSE and NSE on Wednesday, October 28, 2026.
