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Jio Platforms IPO Rakes In Rs 3.2 Lakh Crore, Subscribed 3.2 Times On Day 1
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CNBC TV18•21-10-2026, 22:49
Jio Platforms IPO Rakes In Rs 3.2 Lakh Crore, Subscribed 3.2 Times On Day 1
- •The Rs 30,213 crore IPO of Jio Platforms attracted total demand exceeding Rs 3.2 lakh crore and was subscribed 3.2 times on the first day of bidding.
- •The public issue reached full subscription within 100 minutes of its launch, setting a record for the pace of subscription among large public offerings.
- •Qualified Institutional Buyers led the demand with their portion subscribed 9.42 times, while the non-institutional investor category was subscribed 1.68 times.
- •The IPO consists of a fresh issue of shares, with proceeds primarily intended to repay or prepay borrowings of its subsidiary Reliance Jio Infocomm Limited.
- •The bidding closes on October 23, 2026, with the tentative listing scheduled for October 28, 2026, on the BSE and NSE.
Key Questions Answered
The Jio Platforms IPO attracted a total demand of over ₹3.2 lakh crore and was subscribed 3.2 times on the first day of bidding on October 21, 2026, reaching full subscription within a record-setting pace.
The Jio Platforms IPO is a fresh issue of shares where the proceeds go directly to the company, with the majority intended to repay or prepay borrowings of its subsidiary, Reliance Jio Infocomm Limited.
The IPO closes on October 23, 2026, with the basis of allotment scheduled for October 26, shares credited to demat accounts on October 27, and a tentative listing date of October 28, 2026, on the BSE and NSE.
