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Jio IPO breaks all records, achieves in one day what Hyundai got in three days
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News18•21-10-2026, 19:17
Jio IPO breaks all records, achieves in one day what Hyundai got in three days
- •Jio Platforms IPO raised over Rs 90,500 crore in bids on the very first day itself.
- •The mega public issue surpassed Hyundai Motor India's total three-day bid amount of Rs 66,000 crore in just a single day.
- •Total demand for the Jio Platforms IPO reached Rs 3.4 lakh crore, including Rs 2.5 lakh crore from anchor investors.
- •The IPO was subscribed 3 times overall on the first day, with the QIB category subscribed nearly 9 times.
Key Questions Answered
By 5 PM on the first day of bidding, the Jio Platforms IPO received bids exceeding Rs 90,500 crore, setting a milestone for an Indian IPO larger than Rs 15,000 crore and surpassing Hyundai Motor India's total three-day figure of Rs 66,000 crore.
Jio Platforms allocated shares worth Rs 8,109.85 crore to 212 anchor investors at the upper end of the price band, with institutional investors generating a demand of over 30 times the available shares in the anchor book.
By 5 PM on the first day, the IPO was subscribed 3 times overall, with the Qualified Institutional Buyer quota subscribed nearly 9 times, non-institutional investors at 1.456 times, and the retail portion filled 0.67 times.
