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Jio IPO Shatters Five Records On Day One With Massive Subscription
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News18•21-10-2026, 12:09
Jio IPO Shatters Five Records On Day One With Massive Subscription
- •Reliance Industries-backed Jio Platforms Limited launched India's largest IPO to date worth ₹30,213 crore.
- •The IPO crossed full subscription within 100 minutes of opening, setting a record as the fastest among recent mega-IPOs.
- •The Qualified Institutional Buyers portion was fully subscribed in just 28 minutes, reaching 3.86 times subscription by 11:30 AM.
- •Unlike recent mega-IPOs like Hyundai and LG which were entirely Offer-for-Sale, the Jio IPO consists entirely of a fresh issue of shares.
- •Overall subscription reached 1.28 times by 11:30 AM on the very first day of its release.
Key Questions Answered
The Jio Platforms IPO has an issue size of ₹30,213 crore, making it India's largest IPO to date. It surpasses previous mega-IPOs such as Hyundai Motor India at ₹27,870 crore and LG Electronics India at ₹11,605 crore.
The Jio Platforms IPO crossed the full subscription mark within the first few hours of opening on Wednesday, October 21. Specifically, it achieved full subscription in less than 100 minutes, making it the fastest among recent mega-IPOs to do so.
Unlike the Hyundai Motor India and LG Electronics India IPOs, which were entirely Offer-for-Sale (OFS) structures where existing shareholders sold their shares, the Jio Platforms IPO is entirely a fresh issue of shares to raise capital.
