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Jio IPO Storm: Reliance Jio Breaks Records of Major Companies Including Hyundai
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News18•21-10-2026, 16:05
Jio IPO Storm: Reliance Jio Breaks Records of Major Companies Including Hyundai
- •Reliance Jio Platforms IPO has set a new record in the Indian share market, getting fully subscribed within just 100 minutes of its launch.
- •Valued at Rs 30,213 crore, Jio's issue size is larger than major IPOs like Hyundai Motor India, Bajaj Housing Finance, and LG Electronics India.
- •The majority of the initial demand came from Qualified Institutional Buyers, with the category oversubscribed 3.25 times shortly after opening.
- •Jio Platforms IPO price band is set at Rs 1,065 to Rs 1,119 per share, with retail investors required to apply for a minimum of 12 shares.
- •The company will use Rs 27,500 crore from the raised funds to repay Reliance Jio Infocomm's debt.
Key Questions Answered
The Jio Platforms IPO is valued at Rs 30,213 crore and set a record by being fully subscribed within just 100 minutes of its launch on October 21, 2026, making it the fastest-subscribed mega IPO in India.
While the larger IPOs of Hyundai Motor India and LG Electronics India were entirely Offers for Sale (OFS) where existing shareholders sold their shares, the Jio Platforms IPO is a pure fresh issue where new shares are issued and proceeds go directly to the company.
The price band for the IPO is set between Rs 1,065 and Rs 1,119 per share, with a minimum retail investment of Rs 13,428 for 12 shares. Out of the funds raised, Rs 27,500 crore will be utilized to repay Reliance Jio Infocomm's debt.
