Stories
Reliance Shares Surge as Jio Platforms IPO Fully Subscribed in Minutes
- •Reliance Industries Ltd shares rose 2.7 percent in intraday trading as the Rs 30,213-crore IPO of Jio Platforms Ltd achieved full subscription within minutes.
- •The public issue attracted massive investor interest, outperforming previous major IPOs like Bajaj Housing Finance, Hyundai Motor India and LG Electronics India.
- •The qualified institutional buyers portion was fully subscribed within 10 minutes and reached 2.86 times subscription.
- •Jio Platforms previously allotted shares worth Rs 8,110 crore to 212 anchor investors, with bids exceeding Rs 2.5 lakh crore.
- •The IPO closes on October 23, with share allotment expected by October 26 and a market debut on the BSE and NSE scheduled for October 28.
Key Questions Answered
The Jio Platforms IPO is a Rs 30,213-crore public issue that opened for subscription at 9 am on Wednesday, October 21, 2026, and is scheduled to close on October 23, 2026. It achieved full subscription within minutes of opening, setting a record for the fastest subscription of a public issue.
The share allotment for the Jio Platforms IPO is likely to be finalised by October 26, 2026. Following this, the company's equity shares are proposed to be listed on both the BSE and the NSE on October 28, 2026.
On Monday, October 19, 2026, Jio Platforms allotted shares worth about Rs 8,110 crore to 212 anchor investors at Rs 1,119 per share, which was the upper end of the price band. Bids for this anchor allocation exceeded Rs 2.5 lakh crore, representing over 30 times the amount on offer.
