Jio Platforms IPO draws 22.19 times subscription as demand tops Rs 7.4 lakh crore
Jio Platforms' Rs 30,213 crore share sale closed on October 23 with 22.19x subscription, Mint reports, citing stock exchange data on total demand and applications.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Jio Platforms' Rs 30,213 crore public issue closed on October 23 with subscriptions at 22.19 times the shares on offer. Including the anchor investor placement, total demand crossed Rs 7.4 lakh crore, and applications approached 1.39 crore, according to stock exchange data.
Entrepreneur and investor Arjun Vaidya, in an Instagram video cited by Mint, called the offering India's biggest IPO ever. He said the qualified institutional buyer portion was fully subscribed in less than 100 minutes, which he described as evidence of wide public interest in Jio's growth story.
why it matters
For markets, the response signals strong investor appetite for large public offerings in India. A strong reception can shape expectations for other listings, but the excitement on opening day alone does not determine how the shares trade after listing.
market impact
India IPO market: strong demand for a large offering may set the tone for future share sales.
tags
instruments
sources
- Reliance Jio IPO: Who is Arjun Vaidya? Bizman shares why his friend Akash Ambani returned to India from US — Video, 24 October 2026 at 20:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗