Stories
Jio Platforms IPO Day 2 Opens With Strong Demand And Massive Gains Expected
- •The 30213 crore Jio Platforms IPO was fully subscribed within 100 minutes of opening, driven heavily by institutional investors.
- •Total bids on day one reached 70000 crore, pushing total IPO demand to 32 lakh crore including anchor investor bids.
- •The retail portion achieved the highest first-day retail demand for any Indian IPO with bids crossing 6900 crore.
- •Investment bankers expect Jio to list among India's top five most valuable companies with bidding open until Friday.
Key Questions Answered
The Jio Platforms IPO opened for subscription on October 21 and is scheduled to close on Friday, October 23, 2026. Following the closure of bids, the share allotment will take place on Monday, October 26, and the company's shares are slated to list on Wednesday, October 28, 2026.
The Jio Platforms public issue is valued at ₹30,213 crore, making it India's largest-ever IPO. The issue was fully subscribed within 100 minutes of opening, with institutional investors leading at a 9.42x subscription, and overall demand reaching ₹3.2 lakh crore including anchor investor bids.
The retail portion of the Jio Platforms IPO attracted massive interest, with bids crossing ₹6,900 crore on the first day alone. This marks the highest first-day retail demand recorded for any Indian IPO.
