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Jio Platforms IPO Creates History With Record-Breaking Debut and Massive Response
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News18•21-10-2026, 14:02
Jio Platforms IPO Creates History With Record-Breaking Debut and Massive Response
- •Reliance Industries' Jio Platforms has launched India's largest-ever IPO worth Rs 30,213 crore, setting multiple new market records.
- •The massive public issue achieved full subscription in under 100 minutes on its very first day, setting a record for speed.
- •Qualified Institutional Buyers showed exceptional enthusiasm, oversubscribing their reserved portion within just 28 minutes of opening.
- •The IPO outperformed recent mega issues like Hyundai Motor India and LG Electronics India in terms of early bidding momentum.
- •Unlike several recent large IPOs, Jio Platforms' offering is structured entirely as a fresh issue of shares to raise capital.
Key Questions Answered
The Jio Platforms IPO has a total issue size of Rs 30,213 crore, making it the largest-ever initial public offering in India's history by surpassing Hyundai Motor India's Rs 27,870 crore IPO.
The IPO achieved full subscription in under 100 minutes, crossing the milestone by 10:36 AM on Wednesday, October 21, 2026, setting a record for the fastest subscription among recent major public issues.
Unlike the mega IPOs of Hyundai Motor India and LG Electronics India—which were completed entirely through an Offer for Sale (OFS) by existing shareholders—the Jio Platforms IPO is structured completely as a fresh issue of new shares.
