Jio Platforms’ Rs 30,213 Cr IPO Oversubscribed in Two Hours Led by QIBs

21 Oct 2026, 1:39 pm · 1d ago · 1 min read · YourStory

Amount

Rs 30,213 Cr

Stage

IPO

Jio Platforms’ Rs 30,213 crore initial public offering was oversubscribed in the qualified institutional buyers category within two hours of opening on Wednesday. Data from the Bombay Stock Exchange showed the QIB portion subscribed 4.86 times, while the non-institutional and retail portions reached 0.61 times and 0.46 times, respectively. Priced at Rs 1,065–1,119 per share, the issue values the Reliance Industries unit at approximately $108 billion, making it India’s largest IPO. The issue consists entirely of fresh shares. Earlier, Jio Platforms raised Rs 8,110 crore from 212 anchor investors, which drew bids exceeding Rs 2.5 lakh crore.