Report

Jio Platforms' ₹30,213 crore IPO reportedly fully subscribed within 100 minutes

The Economic Times puts the offering above Hyundai Motor India's 2024 IPO by issue value; bidding remained open.

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The Economic Times reported that Jio Platforms' ₹30,213 crore IPO was fully subscribed within 100 minutes of opening on Oct. 21, 2026. By issue value, it exceeded Hyundai Motor India's ₹27,870 crore offering in 2024. Reuters reported 85% subscription in the first hour. The Economic Times described the sale as entirely new shares and said bidding would remain open through Oct. 23.

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@EconomicTimesRT @ETMarkets: Record Rush #Jio IPO QIB portion gets nearly 2X subscription within minutes. Check live updates here #ETMarkets Catch all…8h

@NikkeiAsiaAmbani's tech shift in focus as investors pile into Jio's record IPO https://s.nikkei.com/4iwbHge7h

@BusinessTimesAmbani’s US$3.2 billion Jio IPO attracts rapid bids in record Indian sale https://buff.ly/mPG8oPi6h

@AzamiTariq‘PNN24 बिजनेस रिपोर्ट: Jio Platforms IPO ने रचा इतिहास; खुलने के महज 100 मिनट में हुआ फुल सब्सक्राइब, हुंडई को पछाड़ बना भारत का सबसे बड़ा इश्यू’ https://www.pnn24.in/?p=1417572h

@ThetaVegaCapGenerally Market makes top with Large IPO’s Will it make bottom with JIO’s IPO ? Reliance Group is coming with IPO almost after 2 Decades What u think ? #JIOIPO #Reliance2h

@world_ipoJio Platforms IPO Subscription Update (EOD 1) QIB: 9.42x (51,645 Cr) BHNI: 0.17x (22,347) SHNI: 1.04x (70,029) Retail: 0.33x (23,40,056) Employee: 1.36x Shareholder: 1.46x Total: 3.16x Great Subscription 👍1h

@TheMuskManWorld🚨🔥 ELON MUSK’S NEGATIVE CAMPAIGN DOESN’T SEEM TO BE BOTHERING INDIANS! 🇮🇳🤣 Looks like Indians aren’t paying much attention to Elon’s criticism of Jio! 😂💀 Dekha, Binod? Elonwa is silent now! 🤣🌚🍿 Meanwhile, look at the Jio Platforms IPO numbers! 👇 🚀 JIO PLATFORMS IPO UPDATE! 💰 Price Band: ₹1,065 – ₹1,119 per share 📅 IPO Opening: October 21, 2026 📅 IPO Closing: October 23, 2026 🎯 Allotment Date: October 26, 2026 💵 Issue Size: ₹30,213 crore 📦 Lot Size: 12 shares 🔥 Overall Subscription: 3.15x 🏦 QIB Subscription: 9.42x 👥 Retail Subscription: 0.72x BHAI SAHAB! 🤯🔥 Despite all the noise, institutional investors are showing strong interest in the IPO! 🚀 Retail participation is still catching up, but the overall subscription numbers are already making headlines! 📈 Elon may have his opinions, but Indian investors seem to have their own plans! 😎🇮🇳 Dekhte hain, Binod! IPO closing tak kya dhamaka hota hai! 🤣🍿🔥 What do you think? Will Jio Platforms become one of India’s biggest IPO success stories? 🤔💰 #JioPlatforms #IPO #ElonMusk #StockMarket #India1h

Today's Rank

#1

Combined views

25.4K

9 Sources, first seen 8h ago

206 likes

Today's Rank

#1

Today's Rank

#1

8h ago

first seen 8h ago

206 likes

56 comments

5 saves

19 reposts

Jio Platforms' ₹30,213 crore initial public offering was fully subscribed within 100 minutes of opening on Oct. 21, 2026, The Economic Times reported. The report attributed the subscription figure to data on the BSE website.

The early rush was already visible in the first hour. Reuters reported in a story published by The Business Times that the offering was 85% subscribed by then. Reuters described it as Reliance's first IPO since 2006.

By issue value, Jio's offering exceeds Hyundai Motor India's ₹27,870 crore IPO in 2024, according to The Economic Times. The outlet reported that Jio's offer consists of 27 crore newly issued shares, with no shares being sold by existing holders. The price band is ₹1,065 to ₹1,119 per share.

In a separate Economic Times report on Jio's planned use of IPO proceeds, the outlet said Jio plans to use up to ₹27,500 crore of net proceeds to repay or prepay borrowings at its subsidiary Reliance Jio Infocomm. The rapid subscription did not close the sale: bidding was set to remain open until Oct. 23.

56 comments

5 saves

19 reposts

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Jio Platforms' ₹30,213 crore initial public offering was fully subscribed within 100 minutes of opening on Oct. 21, 2026, The Economic Times reported. The report attributed the subscription figure to data on the BSE website.

The early rush was already visible in the first hour. Reuters reported in a story published by The Business Times that the offering was 85% subscribed by then. Reuters described it as Reliance's first IPO since 2006.

By issue value, Jio's offering exceeds Hyundai Motor India's ₹27,870 crore IPO in 2024, according to The Economic Times. The outlet reported that Jio's offer consists of 27 crore newly issued shares, with no shares being sold by existing holders. The price band is ₹1,065 to ₹1,119 per share.

In a separate Economic Times report on Jio's planned use of IPO proceeds, the outlet said Jio plans to use up to ₹27,500 crore of net proceeds to repay or prepay borrowings at its subsidiary Reliance Jio Infocomm. The rapid subscription did not close the sale: bidding was set to remain open until Oct. 23.

Jio Platforms