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Reliance Jio Platforms and Paras Healthcare IPOs close Friday
Reliance Jio Platforms and Paras Healthcare IPOs close Friday after differing levels of investor subscription.
Key points
- Jio's Rs 30,213-crore IPO has become India's biggest public offering, the source text says.
- The IPO was fully subscribed within two hours of opening.
- Reliance Textile Industries' 1977 issue raised about Rs 2.8 crore and drew 58,000 shareholders.
Why it matters. The offering's rapid subscription signals strong retail demand for India's largest IPO, though the text notes Jio's legacy would depend on more than a single listing.
Reliance Jio Platforms and Paras Healthcare close their mainboard IPO subscriptions this Friday, October 23, in India. The ₹30,213-crore Jio offering was subscribed over five times, with QIBs bidding 13.29 times their portion. Paras Healthcare's ₹1,450-crore issue saw a 0.34 times subscription by October 22. Investorgain reports a ₹240 grey market premium for Jio versus ₹13 for Paras Healthcare.
Latest updates
Reliance Jio Platforms and Paras Healthcare IPOs close Friday
Both IPOs opened for bidding on Wednesday, October 21, and will close on Friday, October 23. Allotment for the shares is scheduled for Monday, October 26. The companies are tentatively set to list on the BSE and NSE on Wednesday, October 28. Investors are currently monitoring the Grey Market Premium (GMP) for both offerings as the subscription window closes.
Jio Platforms IPO fully subscribed within an hour; Reliance shares close at ₹1,209
The Jio Platforms IPO was fully subscribed within an hour of opening for subscription on Wednesday. Shares of Reliance Industries Ltd (RIL) saw strong buying interest and finished more than 0.50% higher at ₹1,209. The strong response from primary market investors created confusion among retail investors about whether to invest in the Jio IPO or Reliance shares. Experts believe Reliance Industries would continue to remain a core company for the entire group. The IPO subscription reflects robust investor appetite for the digital services arm. Analysts suggest evaluating both options based on individual investment goals.
Jio Platforms IPO fully subscribed in 100 minutes, bids cross Rs 50,000 crore
Jio Platforms' initial public offering saw overwhelming demand on Wednesday, October 21, with the issue fully subscribed within 100 minutes of opening. Bids crossed Rs 50,000 crore by 10:36 am, according to exchange data cited by News18 Hindi. The IPO is being billed as India's largest public issue to date. The strong subscription reflects robust investor appetite for the Reliance Industries subsidiary. The issue opened for bidding on Wednesday morning and is expected to remain open for retail and institutional investors over the coming days.
Jio Platforms IPO fully subscribed within two hours of opening
Akash Ambani's Jio Platforms entered the stock market on Wednesday with a Rs 30,213-crore initial public offering that was fully subscribed within two hours of opening. The IPO has become India's biggest public offering, marking a dramatic transformation in the country's equity culture since Dhirubhai Ambani's first public issue in 1977. Reliance Textile Industries raised about Rs 2.8 crore in that inaugural offering, attracting 58,000 shareholders and achieving seven times oversubscription. Nearly half a century later, the scale of retail participation and institutional investment in Indian equities has grown exponentially. The Jio Platforms listing represents a significant milestone for Reliance Industries' digital and telecom businesses. Market analysts are watching the IPO's final subscription numbers as an indicator of investor appetite for large technology offerings in India.
Reliance Industries shares jump 2.5% as Jio Platforms IPO opens today
Reliance Industries Ltd shares rallied more than 2.5% on Wednesday as investors focused on the highly anticipated initial public offering of Jio Platforms. The ₹30,213-crore IPO opened for subscription on October 21 and will remain open until October 23. Shares are priced in a band of ₹1,065 to ₹1,119 per share. Market observers indicated a grey market premium suggesting an estimated listing price of ₹1,364 against the upper end of the price band. Proceeds from the issue will mainly be used to repay borrowings at Reliance Jio Infocomm. The issue could become India's largest public offering by value.
Reliance Jio IPO opens today; Akash Ambani calls it new chapter in growth
Reliance Jio Infocomm's initial public offering opened on October 21, with Chairman Akash Ambani describing it as the beginning of a new chapter in the company's evolution. Ambani said a listing brings with it an even greater responsibility to shareholders, customers, employees and all other stakeholders. He emphasised stronger governance and a focus on creating long-term value as key priorities for the listed entity. The IPO is one of the most anticipated listings in Indian market history, given Jio's dominant position in the telecom sector. The company has over 470 million subscribers and has reshaped India's digital landscape since its 2016 launch. Proceeds from the IPO are expected to support Jio's expansion into 5G and digital services.
Reliance Jio Infocomm IPO opens today, Akash Ambani calls it a new chapter
Reliance Jio Infocomm Chairman Akash Ambani has described the company's initial public offering, which opens today, October 21, as the beginning of a new chapter in its growth journey. In an interview, Ambani said a listing brings with it an even greater responsibility to shareholders, customers, employees, and all other stakeholders. He emphasised that the IPO would lead to stronger governance and a sharper focus on creating long-term value. The offering marks a significant milestone for the telecom arm of Reliance Industries. Ambani framed the listing as a transition point rather than an endpoint for Jio Platforms' evolution.
Top stocks to watch today: Eternal, Reliance Industries, IREDA, RailTel shares in focus on Wed, 21 Oct
Top stocks to watch: Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday. Top stocks to watch: The Indian stock market is expected to open higher on Wednesday, October 21, as indicated by GIFT Nifty, which was trading near 23,031, up around 96 points or 0.41% from the previous close of Nifty futures. The positive signal points to a potentially firm opening for the domestic benchmark indices, Sensex and Nifty 50.Indian equity benchmarks ended Monday’s session with sharp losses, snapping a two-session winning streak amid weak global cues and selling pressure in private sector banking stocks, including HDFC Bank and Axis Bank. The Sensex dropped 876.37 points, while the Nifty 50 closed below the 22,900 mark at 22,888.95.The 30-share BSE Sensex declined 876.37 points, or 1.17%, to settle at 73,852.90. During the session, it plunged as much as 1,020.73 points, or 1.36%, to an intraday low of 73,708.54. Meanwhile, the NSE Nifty 50 shed 257.20 points, or 1.11%, to close at 22,888.95, with selling pressure extending across the broader market.Several stocks are also expected to remain in focus during Wednesday’s trading session as companies announce key corporate developments. Updates related to order wins, business performance, expansion plans and other company-specifi.