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Jio Platforms IPO Smashes Records With Nearly 3x Subscription on Day 1
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Firstpost•21-10-2026, 19:57
Jio Platforms IPO Smashes Records With Nearly 3x Subscription on Day 1
- •The Rs 30,213-crore initial public offering of Jio Platforms witnessed robust demand, getting subscribed 2.96 times overall by Wednesday afternoon.
- •Qualified institutional buyers led the charge with their reserved portion subscribed an impressive 8.97 times.
- •The non-institutional investor category saw a 1.48 times subscription, while the employee and shareholder quotas achieved 1.25 and 1.29 times subscription respectively.
- •The mega IPO crossed its full-subscription mark at 10:36 am on its opening day, making it one of the fastest to do so in the Indian capital market.
- •The public issue remains open until October 23 with a price band set at Rs 1,065 to Rs 1,119 per equity share.
Key Questions Answered
The initial public offering of Jio Platforms is valued at Rs 30,213 crore. The company has set a price band of Rs 1,065 to Rs 1,119 per equity share with a lot size of 12 shares.
By Wednesday afternoon on October 21, 2026, the overall IPO was subscribed nearly three times. Qualified institutional buyers led the demand with their reserved portion subscribed 8.97 times, while the non-institutional investor category saw a 1.48 times subscription and the retail portion stood at 0.67 times.
The three-day public issue opened on October 21, 2026, and is scheduled to close on October 23, 2026.
