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Rs 30,213 crore, 100 minutes, Rs 2.5 lakh crore: How Jio IPO broke 3 records even before listing
Reliance Industries Jio Platforms has set new IPO records, with its Rs 30,213 crore issue becoming Indias largest-ever public offering and getting fully subscribed within 100 minutes of opening. The IPO surpasses Hyundai Motor Indias Rs 27,870 crore issue in 2024. At the upper end of its Rs 1,065–1,119 price band, Jio Platforms is valued at around Rs 10.3 lakh crore. The issue closes on October 23.
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Jio Platforms IPO Day 1: Subscribed 1.51x; QIB leads at 4.13x on opening day
Jio Platforms IPO is subscribed 1.51x overall on Day 1 (21 October 2026), crossing the fully subscribed mark. QIB category leads strongly at 4.13x; Employee quota is at 0.95x, while Retail (0.44x) and NII segments (bHNI 0.74x, sHNI 0.47x) are yet to reach full subscription. The issue is priced at ₹1,065–₹1,119 per share with a minimum bid quantity of 12 shares, and closes on 23 October 2026. Jio Platforms reported revenue from operations of ₹1,46,885.30 crore and PAT of ₹30,049.10 crore in FY202
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