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Jio Platforms IPO Becomes Fastest Mega-Issue to Achieve Full Subscription
M
Moneycontrol•21-10-2026, 11:07
Jio Platforms IPO Becomes Fastest Mega-Issue to Achieve Full Subscription
- •Jio Platforms Ltd’s Rs 30,213-crore initial public offering was fully subscribed within just 35 minutes of opening.
- •The IPO outperformed other major issues like Bajaj Housing Finance, Hyundai Motor India, and LG Electronics India in subscription speed.
- •The Qualified Institutional Buyers portion saw strong demand, being subscribed 3.68 times on the first day.
- •Unlike Hyundai and LG offerings which were entirely offers for sale, Jio's IPO is a fresh issue of shares funding the company directly.
Key Questions Answered
Jio Platforms Ltd’s Rs 30,213-crore initial public offering was fully subscribed within 35 minutes of opening on its first day, making it the fastest-subscribed IPO among major Indian offerings.
Jio Platforms' offering is a fresh issue of shares where the proceeds go directly to the company, whereas Hyundai Motor India and LG Electronics India offered existing shares for sale.
The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 3.68 times on the first day, with anchor investors driving demand exceeding Rs 2.5 lakh crore.
