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Jio Platforms IPO Smashes Records With Fastest Subscription for Rs 30,213-Crore Issue
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News18•21-10-2026, 15:48
Jio Platforms IPO Smashes Records With Fastest Subscription for Rs 30,213-Crore Issue
- •Reliance Industries-backed Jio Platforms Ltd launched its mega initial public offering worth Rs 30,213 crore, marking India's biggest-ever IPO.
- •The massive public issue achieved full subscription by 10:36 am on the opening day, setting a record for the fastest subscription among recent mega-IPOs.
- •Investor demand outpaced other recent large offerings in the country, including those from Hyundai Motor India and LG Electronics India.
Key Questions Answered
Backed by Reliance Industries, the Rs 30,213-crore Jio Platforms IPO became India’s biggest-ever public issue and the fastest among recent mega-IPOs to achieve full subscription on its opening day.
The public issue crossed the full-subscription mark by 10:36 am on Wednesday, October 21, 2026, becoming fully subscribed within minutes of its market debut.
At Rs 30,213 crore, the Jio Platforms IPO surpassed other recent mega-IPOs, including Hyundai Motor India's Rs 27,870-crore issue and LG Electronics India's Rs 11,605-crore issue.
