Stories
Jio Platforms IPO Day 1: Record 3.2x Subscription and Fastest Full Booking Ever
- •Jio Platforms' ₹30,213 crore IPO was fully subscribed within just 100 minutes, making it the fastest fully subscribed mega IPO in Indian stock market history.
- •The overall issue received a total subscription of 3.2 times on the very first day, with total demand reaching ₹3.2 lakh crore including the anchor book.
- •The Qualified Institutional Buyers category saw the highest demand with bids of 9.42 times, followed by strong participation from NIIs, employees, and shareholders.
- •Retail investors set a new record by placing bids worth over ₹6,900 crore, representing the largest first-day demand in India's IPO market.
- •The entire IPO consists of a fresh issue of 27 crore new shares, meaning all raised capital goes directly to the company for digital network and AI expansion.
Key Questions Answered
The Jio Platforms IPO is valued at ₹30,213 crore, making it India's largest-ever IPO, and received an overwhelming total subscription of 3.2 times on its opening day. The entire issue was fully subscribed within the first 100 minutes of opening.
Unlike offers for sale where existing shareholders sell their stakes, the Jio Platforms IPO is entirely a fresh issue of 27 crore new shares, meaning the raised funds go directly to the company balance sheet. The capital will be used for digital network expansion, cloud infrastructure, and AI enterprise platforms.
The Jio Platforms IPO opened on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026. Subsequent key milestones include share allotment on October 26, credit of shares to demat accounts on October 27, and stock exchange listing on Wednesday, October 28, 2026.
