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Jio IPO May Surpass LIC and Waaree Energies with Estimated 7.6 Million Retail Applications
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News18•13-10-2026, 11:37
Jio IPO May Surpass LIC and Waaree Energies with Estimated 7.6 Million Retail Applications
- •According to a Kantar survey 66 percent of aware investors have expressed a desire to apply for the Jio IPO.
- •Jio is estimated to receive around 7.6 million retail applications surpassing major past IPOs like LIC and Waaree Energies.
- •The company plans to utilize the funds raised from the IPO to repay a debt of approximately 27000 crore rupees.
- •A historical investment of 1,000 rupees in Reliance in 1977 has grown to a total value exceeding 52 lakh rupees today through bonus shares.
- •Search interest and social media conversations regarding the Jio IPO have surged significantly reflecting strong investor enthusiasm.
Key Questions Answered
According to a Kantar survey, around 66% of aware investors have expressed a desire to apply for the Jio IPO, leading to an estimated 7.6 million potential retail applications.
If Jio receives the estimated 7.6 million retail applications, it will exceed the figures of several major public issues, including LIC's 2022 IPO which received 7.33 million applications and Waaree Energies' 2024 IPO with 7.01 million.
Jio plans to use the proceeds from the IPO to repay a debt of approximately ₹27,000 crore, which is expected to reduce interest expenses and support the company's profitability and earnings per share.
