Stories
Jio IPO creates history by breaking all previous records in the stock market
- •The Rs. 30,213 crore Initial Public Offering of Jio Platforms has been fully subscribed within just a few hours of opening, setting a historic record.
- •The IPO is open for subscription from October 21 to October 23 with a price band fixed at Rs. 1,065 to Rs. 1,119 per share.
- •As of 10:39 AM on the first day, the IPO received 1.03 times subscription with bids for approximately 20.25 crore shares against the offered 19.75 crore shares.
- •Jio has outperformed previous mega IPOs like Bajaj Housing Finance, Hyundai Motor India, and LG Electronics India by achieving full subscription in the morning session itself.
- •Unlike other leading company IPOs which were mostly in the Offer for Sale mode, Jio's IPO is entirely a Fresh Issue method, directly utilizing funds for company growth.
Key Questions Answered
The initial public offering of Jio Platforms is valued at Rs. 30,213 crore, making it the largest in Indian stock market history. The price band for the share sale has been fixed between Rs. 1,065 and Rs. 1,119 per share.
The Jio Platforms IPO achieved full subscription within the morning session of its opening day, October 21, 2026, crossing the mark in less than 100 minutes. As of 10:39 AM, it received 1.03 times subscription with strong backing from Qualified Institutional Buyers.
Unlike previous mega IPOs such as Hyundai Motor India and LG Electronics India which were primarily executed through the Offer for Sale mode, the Jio Platforms IPO is entirely a fresh issue of shares. This means all funds raised will go directly toward the company's growth and capital needs rather than existing shareholders.
