Jio Platforms Mega IPO Subscribed 6.76X on Final Day of Bidding

23 Oct 2026, 12:14 pm · 3h ago · 1 min read · Inc42

Amount

₹30,213 Cr

Stage

IPO

Reliance Industries' digital arm Jio Platforms saw its initial public offering subscribed 6.76 times on the final bidding day. Investors placed bids for 133.51 crore shares against the 19.75 crore shares offered. Qualified institutional buyers led demand, oversubscribing their allotted portion 14.18 times, while non-institutional investors subscribed 9.17 times and retail investors booked 1.99 times their quota. Priced between Rs 1,065 and Rs 1,119 per share, the Rs 30,213 crore ($3.2 billion) offering stands as India's largest IPO to date, valuing Jio Platforms at roughly Rs 10.3 lakh crore.