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Jio Platforms IPO: 5 Historical Records Broken On Opening Day
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News18•21-10-2026, 13:33
Jio Platforms IPO: 5 Historical Records Broken On Opening Day
- •Reliance Industries group's Jio Platforms IPO has achieved a massive milestone on its very first day in the Indian stock market.
- •The IPO was fully subscribed within 100 minutes of opening for public subscription, setting a new record.
- •With a target to raise Rs. 30,213 crore, Jio Platforms has surpassed Hyundai Motor India to become India's largest initial public offering.
- •The Qualified Institutional Buyers category was fully subscribed within just 28 minutes of the IPO opening.
- •Unlike previous mega IPOs that used the Offer for Sale route, Jio Platforms IPO is designed entirely as a fresh issue of shares.
Key Questions Answered
The Jio Platforms IPO aims to raise Rs. 30,213 crore, surpassing Hyundai Motor India's previous record of Rs. 27,870 crore and LG Electronics India's Rs. 11,605 crore offering to become India's largest initial public offering.
The IPO achieved full subscription within 100 minutes of opening on its first day. Additionally, the Qualified Institutional Buyers (QIB) category was fully subscribed within just 28 minutes.
While previous mega IPOs from Hyundai Motor India and LG Electronics were structured entirely through the Offer for Sale (OFS) route to sell existing shares, the Jio Platforms IPO is exclusively a fresh issue of shares to directly raise company capital.
