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Retail Investors Fully Subscribe Jio IPO as Bids Jump 4x
Retail investors fully subscribed to the Jio Platforms Ltd IPO as total bids jumped 4x by the second day.
Key points
- The $3.2 billion IPO is the largest in India's history and was subscribed over 4 times by October 22, 2026.
- Investors bid for 95.33 crore shares against the 19.75 crore shares on offer.
- The company seeks a valuation of ₹10.3 lakh crore at the upper end of the ₹1,065 to ₹1,119 price band.
Why it matters. The high subscription rate and reported grey market premium of around 22% suggest strong investor sentiment toward the largest IPO in India's history.
Jio Platforms Ltd's ₹30,213-crore initial public offering was fully subscribed within 100 minutes on its opening day, October 21, 2026. By Thursday, the $3.2 billion IPO was subscribed over 4 times, with retail investors fully subscribing to their proportion. The offering is priced between ₹1,065 and ₹1,119 per share.
Latest updates
Retail Investors Fully Subscribe Jio IPO as Bids Jump 4x
The Jio Platforms Ltd IPO saw retail investors fully subscribing to their quota within minutes of the opening day. By the second day of the offering, total bids for the IPO jumped four times. The high demand indicates strong retail appetite for the telecom giant's public listing. Further details on the final subscription numbers are expected following the close of the issue.