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Jio Platforms IPO Sees Massive Demand With 30X Bids Ahead of Launch
- •Jio Platforms IPO has received an overwhelming response from institutional investors, with bids reaching Rs 2.5 lakh crore against an allocation of Rs 8,110 crore.
- •The anchor investors bidding process began on October 19, preceding the much-anticipated public offering scheduled from October 21 to October 23.
- •Global investment giants like BlackRock, Fidelity, and JPMorgan, alongside major domestic mutual funds and insurers, participated heavily in the anchor book.
- •The price band for the IPO has been fixed at Rs 1,065 to Rs 1,119 per share, with a lot size of 12 shares and issue size of Rs 30,213 crore.
Key Questions Answered
The Jio Platforms IPO opens for subscription on October 21, 2026, and closes on October 23, 2026, with the anchor investor bidding starting on October 19, 2026. The company has set a price band of Rs 1,065 to Rs 1,119 per share, with the total issue size reaching up to Rs 30,213 crore at the upper price band.
The IPO witnessed overwhelming demand from institutional investors during the anchor book bidding process, receiving bids worth Rs 2.5 lakh crore instead of the allocated Rs 8,110 crore. This generated a massive response of approximately 30 times the available allocation ahead of the public issue.
Yes, the public offering includes a specific reservation of shares worth up to Rs 2,500 crore for eligible public shareholders of Reliance Industries and up to Rs 500 crore for eligible employees. Furthermore, eligible employees are entitled to a discount of Rs 54 per share.
