Stories
Jio Platforms IPO Fully Subscribed in Minutes With Massive QIB Response
- •Reliance Industries Jio Platforms IPO made a major record by getting fully subscribed within just minutes of opening on October 21.
- •Qualified Institutional Buyers showed massive interest, placing bids 3.25 times their reserved portion by 10:45 AM.
- •The Rs 30,213 crore IPO consists entirely of a fresh issue of shares, with proceeds aimed at reducing the company debt.
- •The Grey Market Premium is estimated at Rs 268, indicating strong expectations of robust listing gains among investors.
Key Questions Answered
Jio Platforms aims to raise ₹30,213 crore through a fresh issue of shares, featuring a price band of ₹1,065 to ₹1,119 per share. The lot size is set at 12 shares, requiring retail investors to invest a minimum of ₹13,428 for one lot at the upper price band.
The IPO opened for subscription on October 21, 2026, and achieved full subscription within just 45 minutes. By 10:45 AM, it received an overall subscription of 101 percent, driven heavily by Qualified Institutional Buyers (QIBs) bidding 3.25 times their reserved portion.
The public issue opened for bidding on October 21, 2026, and is scheduled to close on October 23, 2026. Following the completion of the allocation process, the company's shares are expected to be listed on the BSE and NSE on October 28, 2026.
