Stories
Jio IPO Fully Subscribed in 100 Minutes, Breaks Major Records
- •Reliance Jio Platforms' ₹30,213 crore IPO was fully subscribed within just 100 minutes of opening.
- •The issue has broken the subscription speed records of major mega IPOs including Hyundai Motor India and LG Electronics India.
- •Unlike some other mega IPOs which were entirely Offer for Sale, Jio's IPO is a completely fresh issue.
- •Qualified Institutional Buyers and anchor investors showed immense interest, driving heavy demand from the very beginning.
- •The IPO opened on October 21, closes on October 23, and the shares are expected to be listed on October 28.
Key Questions Answered
The Jio Platforms IPO has a total issue size of ₹30,213 crore, making it India's largest IPO to date. It achieved full subscription within just 100 minutes of opening on October 21, 2026, setting a record for the fastest-filled mega IPO in the Indian stock market.
While the mega IPOs of Hyundai Motor India and LG Electronics India consisted entirely of an Offer for Sale (OFS) where existing shareholders sold their shares, the Jio Platforms IPO is a pure fresh issue. This means Jio is issuing new shares and all raised capital goes directly to the company.
The price band for the Jio Platforms IPO was set between ₹1,065 and ₹1,119 per share. Retail investors were required to apply for a minimum of 12 shares, bringing the minimum investment to ₹13,428 at the upper price band.
