Jio Platforms IPO Opens to Strong Response; Fully Subscribed on Day 1
Within an hour of opening, the issue was subscribed about 1.21 times with QIB subscription being around 3.77 times
UdaipurTimes, Oct 21, 2026 - The initial public offering (IPO) of Jio Platforms, the digital and telecom business backed by Chairman Mukesh Ambani’s Reliance Industries, opened to retail investors to a strong response on Wednesday, October 21. The Jio Platforms IPO is India’s largest by issue size.
The IPO, which will be open for three days, was fully subscribed within just an hour of opening at 10:00 am. By approximately 11:05 am, the issue was subscribed about 1.21 times with QIB subscription being around 3.77 times.
Proceeds from the subscription will go to the company because the IPO is a fresh issue and not an offer for sale by existing shareholders.
IPO Details
- Price band - Rs 1,065–1,119 per share
- Face Value - Rs 10 per share
- Fresh Issue - Upto 27 crore shares
- Total Issue Size - Approximately Rs 30, 213 crore
- Valuation at Upper Band - Approximately Rs 10.3 lakh crore
- Minimum Retail Lot - 12 shares
- Minimum Application at Upper Band - Rs 13, 428
- Expected Allotment Finalisation - October 26, 2026
- Expected Listing Date - October 28, 2026
Investors have until October 23, 2026, to bid.
With Media Inputs
