Jio Platforms IPO draws over ₹7.4 trillion in bids, a record for India
The Jio Platforms IPO closed with demand above ₹7 trillion, the largest bid total for an IPO in recent times, according to TradingView data.
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what happened
According to TradingView, the Jio Platforms IPO closed for subscription on Friday, October 23, with total demand above ₹7.4 trillion. That figure includes ₹2.5 trillion from the anchor book. Excluding anchor bids, public investors placed ₹4.9 trillion in orders, above the ₹4.4 trillion that LG Electronics India's IPO drew last October.
Qualified institutional buyers bid for 345.75 crore shares against 4.9 crore reserved for them, about 70.55 times the quota. The retail portion was subscribed 2.7 times, and the overall issue was subscribed 22.19 times. At ₹30,213 crore, the offering is the largest IPO in corporate India's history.
why it matters
Most of the proceeds will go toward reducing the company's debt. The grey market premium stands at about ₹257 over the issue price, roughly 23%, but such figures are speculative and do not guarantee the listing price. Listing is scheduled for October 28, so traders will watch the first trading session closely given the record demand.
market impact
Indian equities: the largest IPO in the country's history may affect liquidity and investor sentiment
tags
instruments
sources
- Jio Platforms IPO ends with demand crossing ₹7 lakh crore - Here are the records it set — TradingView, 23 October 2026 at 13:39 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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