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Jio Platforms IPO Makes History with Over 1 Crore Applications
Sentiment: NeutralHigh Priority
What Happened?
Jio Platforms' IPO has become the first globally to surpass 1 crore applications, achieving this milestone on October 23, 2026. The IPO was subscribed 7.41 times by midday.
Key points
- Jio Platforms' IPO was subscribed 7.41 times by 12:24 PM on October 23, 2026.
- The retail investor portion was subscribed 2.12 times, while qualified institutional buyers subscribed 15.95 times.
- The IPO is valued at Rs 30,213 crore, with a price band of Rs 1,065 to Rs 1,119 per share.
- Jio Platforms plans to use proceeds mainly to repay borrowings of its subsidiary, Reliance Jio Infocomm Limited.
- The previous record for applications was around 97 lakh, held by Waaree Energies.
Key insights
- The overwhelming response to the IPO may encourage more technology companies to consider going public.
- Investors' strong interest reflects growing confidence in India's digital economy.
- The IPO's success could lead to increased scrutiny of future IPOs in the market.
Why it matters
This IPO milestone could influence future investment trends in India's technology sector.
Tags
Entities
Jio Platforms· CompanyReliance Jio Infocomm Limited· CompanyWaaree Energies· CompanyBajaj Housing Finance· CompanyBCCL· CompanyIndia· Country
Source
India Today
