Stories
Jio IPO Sees Strong Start With QIB Portion Fully Booked At Nearly 3x
- •Jio Platforms' initial public offering witnessed strong demand on the first day of bidding, with the Qualified Institutional Buyers portion subscribed 2.9 times.
- •The Non-Institutional Investors category was subscribed 22 percent and the retail investor segment saw a 19 percent subscription.
- •The overall issue was subscribed 89 percent, receiving bids for 17.64 crore shares against 19.75 crore shares on offer.
- •Prior to the IPO, Jio Platforms successfully raised Rs 8,109.84 crore from 212 anchor investors including major sovereign wealth and pension funds.
- •The IPO remains open until October 23 with a price band set at Rs 1,065 to 1,119 per share, and listing is proposed for October 28.
Key Questions Answered
On the first day of bidding, the Jio Platforms initial public offering was subscribed 89 percent overall, with bids received for 17.64 crore shares against 19.75 crore shares on offer. The portion reserved for Qualified Institutional Buyers was subscribed 2.9 times, while Non-Institutional Investors and retail investors saw 22 percent and 19 percent subscription respectively.
The Jio Platforms IPO remains open for subscription until October 23, 2026. The allotment of shares is expected to be finalised by October 26, 2026, and the equity shares are proposed to be listed on both the BSE and NSE on October 28, 2026.
The price band for the Jio Platforms IPO has been fixed at Rs 1,065 to Rs 1,119 per share. The public offering comprises up to 27 crore fresh equity shares, and the company previously raised Rs 8,109.84 crore from 212 anchor investors on October 19, 2026.
