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Jio IPO Receives Bids Worth Rs 3.2 Lakh Crore On Day One With Massive Demand
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CNBC Awaaz•21-10-2026, 21:41
Jio IPO Receives Bids Worth Rs 3.2 Lakh Crore On Day One With Massive Demand
- •Reliance Industries digital and telecom arm Jio Platforms launched its Rs 30,213 crore IPO, which was fully subscribed within 100 minutes of opening.
- •By the end of the first day, the IPO received a total subscription of approximately 3.16 times the offered shares.
- •The anchor book portion saw massive interest, pulling in bids of approximately Rs 2.5 lakh crore and achieving over 30 times demand.
- •The Qualified Institutional Buyers category received 9.42 times subscription while the retail category reached 0.73 times on Day 1.
- •The IPO remains open until October 23, with share allotment and listing expected by October 28.
Key Questions Answered
The Jio Platforms IPO opened for public subscription on October 21, 2026. Valued at ₹30,213 crore, it stands as India's largest initial public offering to date.
The public issue experienced an overwhelming response, getting fully subscribed within roughly 100 minutes of its opening on the first day, with some reports noting full subscription in as little as 35 minutes.
The Jio Platforms IPO remains open for bidding until October 23, 2026. Following the close of the subscription period, its shares are expected to be officially listed on the stock exchange on October 28.
