THEBUSINESSBYTES
BUREAU
MUMBAI,
OCTOBER 21, 2026
The ₹30,213-crore initial public offering
(IPO) of Jio Platforms Ltd received an overwhelming response from investors on
Wednesday, getting subscribed 1.68 times within four hours of opening,
with more than 20.73 lakh applications received by 1 pm.
The IPO, billed as
India's biggest, witnessed strong demand from institutional investors, while
Reliance Industries' eligible shareholders and employees also showed keen
interest in the issue.
The portion reserved
for Qualified Institutional Buyers (QIBs) was subscribed 4.86 times by 1 pm,
emerging as the strongest contributor to overall demand. The retail investor
portion, however, was subscribed 0.51 times, while the employee quota was fully
subscribed. The portion reserved for eligible shareholders of Reliance
Industries was subscribed 92 per cent.
The issue had
attracted 20,73,475 applications by 1 pm, reflecting robust investor
participation in the much-anticipated public offering.
The IPO will remain
open for subscription until October 23.
Eligible shareholders of Reliance Industries have been allocated a reserved portion of up to ₹2,500 crore in the Jio Platforms IPO, while employees have a separate quota of up to ₹500 crore.
Eligible Reliance Industries shareholders can apply under both the retail and shareholder categories, providing them an additional opportunity to participate in the allotment process, subject to the applicable eligibility criteria.
