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Reliance Jio Platforms To List On Oct 28 With ₹10.30 Lakh Crore Market Cap
Reliance Jio Platforms will list on Oct 28 with an estimated market cap of ₹10.30 lakh crore.
Key points
- Jio Platforms became the first global IPO to receive more than 1 crore applications, surpassing Waaree Energies' 97 lakh.
- The IPO is subscribed 7.93 times overall, with the QIB category reaching 16.87 times and retail bids crossing ₹21,250 crore.
- Shares are scheduled to list on the BSE and NSE on October 28, 2026, following a tentative allotment on October 26.
Why it matters. The unprecedented demand and ₹4 lakh crore in aggregate interest may signal a strong market debut for the Reliance-backed entity.
Reliance Jio Platforms will list on the NSE and BSE on October 28 following an IPO that closed on October 23. The issue was subscribed 22.19 times on its final day, with qualified institutional buyers bidding 70.55 times. Based on the upper price band, the company is estimated to have a market capitalisation of ₹10.30 lakh crore. This would make the Reliance Industries Group India's largest listed business group by aggregate market cap.
Latest updates
Reliance Jio Platforms To List On Oct 28 With ₹10.30 Lakh Crore Market Cap
Jio Platforms is scheduled to list on the stock exchange on October 28, with share allotments expected on October 26. The IPO saw a bumper subscription of 22.19 times. Based on the upper price band and post-issue share count, the company's market capitalisation is estimated at ₹10.30 lakh crore. This valuation could place the Mukesh Ambani-backed firm among the top five companies on the BSE.
Reliance Jio Platforms to announce ₹30,213-crore IPO allotment on October 26
The subscription process for the ₹30,213-crore Reliance Jio Platforms IPO has concluded. Allotment status will be available on October 26 via the BSE, NSE, or KFin Technologies websites. Shares are scheduled to be credited to investor accounts on October 27. The official listing on the stock exchanges will take place on October 28.
Jio Platforms IPO collects ₹7.5 lakh crore from 1.3 crore investors
Jio Platforms' IPO saw massive oversubscription, with approximately 1.3 crore investors placing bids. While the offering aimed to raise ₹30,213 crore, total collections reached ₹7.5 lakh crore. The IPO price band was set between ₹1,065 and ₹1,119. In the grey market, speculators are betting on a listing price of around ₹1,370, representing a premium of about ₹250 over the upper limit.
Jio Platforms Raises ₹30,188 Crore in India's Largest IPO
Jio Platforms has set new primary market benchmarks with a ₹30,188-crore IPO, the largest in India's history. The offering drew massive investor enthusiasm, receiving total bids worth ₹4.72 lakh crore across 13.8 million applications. This strong demand from both retail and institutional investors has valued the company at up to ₹10.3 lakh crore. The company is now preparing for its official stock market debut.
Jio Platforms IPO draws record 10 million applications amid strong investor demand
The ₹30,213-crore offering was subscribed 22.19 times by Friday, according to the BSE, with demand far exceeding the shares reserved for institutional investors. Jio Platforms Ltd’s initial public offering (IPO) attracted more than 10 million applications over its three-day subscription window, the highest number for any share sale in India’s history, as investors placed bids worth ₹4.9 trillion.The ₹30,213-crore offering was subscribed 22.19 times by Friday, according to the BSE, with demand far exceeding the shares reserved for institutional investors. Foreign institutional investors (FIIs) submitted bids worth ₹1.39 trillion, subscribing to their reserved portion 25 times, despite being net sellers in the secondary market. They have net sold shares worth ₹96,612 crore in September and October so far.The country’s largest-ever IPO was fully subscribed within 100 minutes of opening on Wednesday, 21 October, the first day of IPO. Backed by Reliance Industries Ltd, Jio Platforms counts Meta Platforms Inc. and Google parent Alphabet Inc. among its investors and is led by Akash Ambani, the eldest son of Reliance chairman Mukesh Ambani. Retail investors put 2.72 more bids for the IPO. While the non-institutional investors (NIIs) put 14 times more bids for the IPO.The blockbuster response is being watched as a test of investor appetite for large listings at a time when Indian equiti.
Jio Platforms IPO attracts record 1 crore applications
The Jio Platforms initial public offering attracted more than 1 crore applications, setting a new global record for the primary market. By Friday afternoon, the issue was subscribed seven times. Demand exceeded Rs 4 lakh crore, driven by strong institutional interest. Retail bids also surpassed twice their reserved quota.
Sensex rises over 750 points as Jio Platforms' record IPO opens
Indian equity markets opened higher on Wednesday, October 21, with the BSE Sensex rising over 752 points to hover around 74,605.28 at 9:34 am. The NSE Nifty also advanced, supported by gains in information technology, banking, and select heavyweight stocks. Investor attention was focused on the launch of Jio Platforms' $3.2 billion (approximately ₹30,400 crore) IPO, which opened for subscription later in the day. Positive sentiment over a potential US-India trade deal, following remarks by US Secretary of State, further supported the markets. However, elevated crude oil prices capped gains, with weakness more pronounced in mid-cap and small-cap stocks. The broader market saw mid-cap and small-cap indices bearing the brunt of the decline.