Stories
Massive demand in the very first hour of Jio IPO
- •Reliance Industries Jio Platforms IPO received an overwhelming response, achieving 83 percent subscription in just the first hour.
- •The portion reserved for Qualified Institutional Buyers was subscribed 2.86 times by 10 AM on the opening day.
- •Jio aims to raise 30,213 crore rupees through this IPO, which is entirely a fresh issue of shares to reduce existing debt.
- •The Grey Market Premium for Jio Platforms is currently showing a 24 percent premium over the issue price.
- •The IPO remains open for public subscription until October 23, with a price band set between 1,065 and 1,119 rupees per share.
Key Questions Answered
Jio Platforms aims to raise 30,213 crore rupees through its IPO, which is entirely a fresh issue of shares. The price band is set between 1,065 and 1,119 rupees per share, with retail investors required to pay 13,428 rupees for one lot of 12 shares based on the upper price band.
The IPO received an overwhelming response, becoming fully subscribed within the first 35 minutes to 100 minutes of opening on October 21, 2026. Qualified Institutional Buyers (QIBs) led the heavy demand, with their reserved portion subscribed between 2.86 and 3.86 times during the early hours of the opening day.
The entire proceeds from this 30,213-crore-rupee public issue come from a fresh issue of shares rather than an offer for sale. A major portion of the funds raised through these new shares is planned to be utilized to reduce the company's existing debt.
