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Massive Stock Market Surge As Jio IPO Opens, Sensex Jumps Over 680 Points
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News18•21-10-2026, 09:37
Massive Stock Market Surge As Jio IPO Opens, Sensex Jumps Over 680 Points
- •The much-awaited IPO of Reliance Industries' Jio Platforms has officially opened for general investors today on October 21st.
- •Sensex surged by 688.69 points to reach 74,541.59 and Nifty traded higher by 188.65 points at 23,077.60 upon market opening.
- •Jio has already raised a massive fund of 8,109.84 crore rupees from anchor investors prior to the public opening.
- •The price band for the IPO is fixed at 1,065 to 1,119 rupees per share, with up to 27 crore fresh shares on offer.
- •Positive global cues from Asian and US markets have significantly contributed to the strong rally in the Indian stock market.
Key Questions Answered
The price band for the Jio Platforms IPO has been fixed at ₹1,065 to ₹1,119 per share, and the company is issuing up to 27 crore fresh shares under this public offering.
Before the public subscription opened, Jio Platforms successfully raised a massive fund of ₹8,109.84 crore from institutional anchor investors.
Coinciding with the opening of Jio's IPO on October 21, the Bombay Stock Exchange Sensex surged by 688.69 points to reach 74,541.59, and the NSE Nifty crossed the 23,075 mark.
