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Jio Platforms IPO Fully Subscribed In Record Two Hours
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CNBC TV18•21-10-2026, 10:44
Jio Platforms IPO Fully Subscribed In Record Two Hours
- •The Qualified Institutional Bidders portion of the Jio Platforms IPO was fully subscribed within the first 30 minutes of opening.
- •The overall IPO reached 83 percent subscription within the first 60 minutes of bidding on Day 1.
- •The ₹30,213 crore IPO consists entirely of a fresh issue of shares with no Offer For Sale component.
- •Most of the fresh issue proceeds will be utilized to reduce existing debt.
- •The Grey Market Premium indicates a nearly 24 percent premium over the issue price band of ₹1,065 to ₹1,119 per share.
Key Questions Answered
The Jio Platforms IPO is valued at ₹30,213 crore and consists entirely of a fresh issue of shares with no Offer For Sale component, with the majority of proceeds dedicated to paying down existing debt.
The IPO achieved full subscription within the first two hours of opening on Wednesday, October 21, making it the fastest mega issue in India to do so.
The price band is set between ₹1,065 and ₹1,119 per share, and the grey market premium stands at ₹268, indicating a nearly 24% potential premium.
