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Massive Demand for Jio IPO in First Hour; Strong Signals for Listing Gains
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News18•21-10-2026, 10:37
Massive Demand for Jio IPO in First Hour; Strong Signals for Listing Gains
- •Reliance Industries' Jio Platforms IPO witnessed a strong response, achieving 83 percent subscription within the first hour of opening on October 21.
- •The portion reserved for Qualified Institutional Buyers was fully subscribed within the first 30 minutes and reached 2.86 times by 10 AM.
- •The Rs 30,213 crore IPO consists entirely of a fresh issue of shares with no Offer for Sale.
- •The price band is set at Rs 1,065 to Rs 1,119 per share, and the issue will remain open until October 23.
- •Grey market trends indicate a 24 percent premium, raising investor excitement regarding potential listing gains.
Key Questions Answered
Jio Platforms is aiming to raise Rs 30,213 crore through its IPO, which achieved a total subscription of 83 percent within the first hour of opening on October 21, 2026, with shares priced between Rs 1,065 and Rs 1,119 per share.
Institutional investor demand was exceptionally strong, with the portion reserved for Qualified Institutional Buyers (QIB) receiving 2.86 times subscription by 10 AM, and fully subscribing within the first 30 minutes of the issue opening on October 21, 2026.
The Grey Market Premium (GMP) for Jio Platforms has been claimed at Rs 268, reflecting an approximately 24 percent premium over the issue's upper price band, while the company's shares are expected to list on October 28, 2026.
