Stories
Jio Platforms IPO Shatters Records With Massive Scale and Speed
- •Jio Platforms raised ₹30,213 crore through a pure fresh issue, surpassing previous mega IPOs like Hyundai Motor India and LG Electronics India.
- •Qualified Institutional Buyers fully subscribed their allocation in just 10 minutes, setting a historic record in India's capital markets.
- •The company attracted over ₹2.5 lakh crore in anchor investor demand, the highest ever recorded in India with participation from global giants.
- •Jio serves approximately 533 million subscribers, carrying nearly 60% of the country's wireless data traffic.
Key Questions Answered
The Jio Platforms IPO aims to raise ₹30,213 crore, making it larger than previous mega issues such as Hyundai Motor India’s ₹27,870 crore IPO and LG Electronics India's ₹11,605 crore issue. Unlike those offerings, Jio's public issue is a pure fresh issue with no Offer for Sale (OFS) component.
Qualified Institutional Buyers (QIBs) fully subscribed their allocation in just 10 minutes of the IPO opening, and their institutional demand doubled within 30 minutes, marking it as one of the fastest subscription rates in the history of Indian mega IPOs.
The Jio Platforms IPO opens for subscription on October 21, 2026, and closes on October 23, 2026. The company has set a price band ranging from ₹1,065 to ₹1,119 per equity share, with a lot size of 12 shares.
