The initial public offering (IPO) of Jio Platforms was subscribed 3.2 times on the first day of bidding on Wednesday, October 21, attracting bids worth over ₹70,000 crore as of 7 pm.
The ₹30,213 crore IPO reached full subscription within 100 minutes of its launch, setting a record for the pace of subscription among large public offerings, according to the information provided. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 9.42 times as of 7:30 pm.
The non-institutional investor (NII) category was subscribed 1.68 times, while the portions reserved for employees and shareholders were subscribed 1.36 times and 1.46 times, respectively. The retail investor category was subscribed 0.73 times as of 7 pm.
Jio Platforms IPO subscription status on Day 1
The category-wise subscription status of the Jio Platforms IPO as of 7 pm on October 21 was as follows:
- Overall subscription: 3.2 times
- Qualified Institutional Buyers (QIBs): 9.42 times
- Non-Institutional Investors (NIIs): 1.68 times
- Retail investors: 0.73 times
- Employees: 1.36 times
- Shareholders: 1.46 times
The institutional category continued to lead demand for the IPO, with QIBs subscribing to more than nine times the shares reserved for them. The employee and shareholder categories also received bids exceeding their respective allocations.
Jio Platforms IPO draws strong anchor investor demand
The public issue followed a strong response from anchor investors. Jio Platforms attracted anchor investor demand exceeding ₹2.5 lakh crore, according to the earlier background information.
The additional information provided puts demand for the anchor book at more than 30 times the shares available for allocation. Combining the reported anchor demand with bids received during the first day of public subscription, total demand was estimated at approximately ₹3.2 lakh crore.
The anchor book attracted participation from major global and domestic institutional investors, including sovereign wealth funds, pension funds and mutual funds.
Jio Platforms IPO: How it compares with previous mega issues
At ₹30,213 crore, Jio Platforms’ IPO is larger than Hyundai Motor India’s ₹27,870 crore offering and LG Electronics India’s ₹11,605 crore issue, based on the figures provided.
The speed of subscription also distinguishes the offering from earlier large IPOs. Bajaj Housing Finance achieved full subscription at around 2 pm on its opening day, while LG Electronics India reached full subscription near the market close. Hyundai Motor India’s IPO was subscribed to around 18% by the end of its first day.
Jio Platforms’ issue crossed the full-subscription mark within 100 minutes of opening, according to the supplied information.
Unlike offerings that primarily involve existing shareholders selling shares through an offer for sale (OFS), Jio Platforms’ IPO is a fresh issue of shares. The proceeds will go to the company rather than to selling shareholders.
Jio Platforms IPO: Issue timeline and listing date
The IPO opened for subscription on October 21 and will close on Friday, October 23, 2026.
The key dates are as follows:
- Issue closing date: October 23, 2026
- Basis of allotment: October 26, 2026
- Credit of shares to demat accounts: October 27, 2026
- Tentative listing date: October 28, 2026, on the BSE and NSE
Read More: Jio Platforms IPO sets new benchmarks in scale, speed and appeal
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Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.