Jio IPO draws Rs 7.4 lakh crore in bids
Over 13.8 million applications; IPO closes more than 22 times subscribed
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Published: Oct 24, 2026 10:48 AM | 1 min read
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- Jio Platforms' IPO has received bids totaling approximately ₹7.40 lakh crore, with a public issue size of ₹30,213 crore.
- The IPO attracted over 13.8 million applications and was subscribed more than 22 times by the close of bidding.
- Retail investors showed significant interest, with bids for over 23 crore shares against 8.5 crore shares reserved, resulting in a subscription rate of 2.72 times.
- Institutional demand was strong, with the Qualified Institutional Buyers' portion subscribed 70.55 times, and the IPO is set for share allotment on October 26, listing on BSE and NSE on October 28.
The Jio IPO has drawn approximately ₹7.40 lakh crore in total bids.
Jio Platforms' ₹30,213 crore public issue has also attracted over 13.8 million applications in three days.
By the time bidding closed at 7 pm on Friday, the issue was subscribed more than 22 times.
Retail investors also showed strong interest in the Jio IPO.
Against approximately 8.5 crore shares reserved for retail investors, bids came in for more than 23 crore shares, taking subscription in the category to 2.72 times.
Institutional investors led the demand, with the Qualified Institutional Buyers (QIB) portion subscribed 70.55 times. The Non-Institutional Investors (NII) category was subscribed 14 times, while the portion reserved for eligible Reliance Industries shareholders was subscribed 7.60 times.
The employee portion was subscribed 2.93 times.
Under the announced schedule, share allotment is set for October 26, followed by credit to demat accounts on October 27. Jio Platforms is scheduled to list on the BSE and NSE on October 28.
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