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Jio IPO Smashes Records With Rs 95500 Crore Bids On Day 1
M
Moneycontrol•21-10-2026, 19:16
Jio IPO Smashes Records With Rs 95500 Crore Bids On Day 1
- •Jio Platforms Ltd’s Rs 30230-crore IPO set a new record by attracting bids worth Rs 95500 crore on its very first day.
- •The first-day bid value is the highest ever recorded among Indian mega public issues raising more than Rs 15000 crore.
- •The IPO surpassed Hyundai Motor India’s three-day bid collection of Rs 66000 crore within just the first day of bidding.
- •The qualified institutional buyers portion was subscribed 9.4 times, driving the robust initial momentum.
- •The Jio IPO subscription concludes on October 23, with shares expected to list on October 28.
Key Questions Answered
On its first day, the Jio Platforms IPO attracted a record-breaking aggregate bid value of Rs 95,500 crore among mega issues, with the overall issue being subscribed 3.1 times by evening exchange data.
The Jio Platforms IPO subscription period is scheduled to end on October 23, and the company's shares are expected to list on October 28.
Jio Platforms successfully allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the top end of its price band after institutional demand for the offering exceeded Rs 2.5 lakh crore.
