New Delhi, October 21, 2026 (Yes Punjab News)
The Rs 30,213-crore initial public offering (IPO) of Jio Platforms was subscribed 2.5 times on Wednesday, the first day of bidding, with strong demand from qualified institutional buyers (QIBs).
As of 3:15 p.m., investors had placed bids for 49.56 crore shares against 19.75 crore shares on offer, according to BSE data. The QIB portion was subscribed 7.46 times, while the non-institutional investor (NII) category was booked 1.32 times.
Retail investors had subscribed to 60 per cent of the shares reserved for them. The portion reserved for Reliance Industries shareholders was subscribed 1.16 times, receiving bids for 2,59,57,068 shares against 2,23,41,376 shares available. The employee portion was also fully subscribed.
The Rs 30,213-crore issue is India’s largest-ever public offering and will remain open for subscription until October 23.
Ahead of the IPO, Jio Platforms raised Rs 8,109.84 crore from 212 anchor investors. The anchor book saw participation from major global sovereign wealth and pension funds, including Singapore’s GIC, Norges Bank Investment Management, Abu Dhabi Investment Authority, Qatar Investment Authority, PSP Investments, the California State Teachers’ Retirement System and the Florida Retirement System.
Domestic mutual funds and institutional investors, including SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Aditya Birla Sun Life, Nippon India and Kotak Mahindra Mutual Fund, also participated in the anchor round.
The IPO price band has been fixed at Rs 1,065-1,119 per share and comprises up to 27 crore fresh shares.
Share allotment is expected to be finalised by October 26, with the equity shares proposed to be listed on the BSE and NSE on October 28.
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