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Jio IPO Shatters Records As India's Fastest-Subscribed Mega-Issue
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Firstpost•21-10-2026, 11:09
Jio IPO Shatters Records As India's Fastest-Subscribed Mega-Issue
- •Jio Platforms’ Rs 30,213-crore initial public offering was fully subscribed in under 100 minutes, setting a new benchmark for India's primary market.
- •The mega-IPO outperformed previous record holders like Bajaj Housing Finance, LG Electronics India, and Hyundai Motor India.
- •Institutional investors drove the rapid demand, with the QIB category leading the subscription pace right after opening.
- •The anchor book raised Rs 8,110 crore with bids exceeding Rs 2.5 lakh crore from major domestic and global investors.
- •Proceeds from the fresh issue will primarily be used to repay or prepay borrowings at Reliance Jio Infocomm.
Key Questions Answered
Jio Platforms' Rs 30,213-crore initial public offering was fully subscribed in less than 100 minutes on Wednesday, making it the fastest-subscribed among India's mega-IPOs.
The company plans to use up to Rs 27,500 crore from the fresh issue to repay or prepay borrowings at its telecom subsidiary, Reliance Jio Infocomm, with the remaining proceeds allocated for general corporate purposes.
Jio Platforms raised Rs 8,110 crore from anchor investors, with bids exceeding Rs 2.5 lakh crore, which was more than 30 times the amount offered.
