Jio IPO Fully Subscribed Within Minutes Amid Strong Investor Demand

Jio Platforms’ ₹30,213-crore initial public offering (IPO) has received a strong response from investors, becoming fully subscribed within just 100 minutes of opening on October 21, 2026, according to the supplied figures. The issue has attracted more than one million applications on its first day. Overall, the IPO was subscribed 1.14 times, while the portion reserved for Qualified Institutional Buyers (QIBs) received bids for 3.68 times the shares on offer. The public issue will remain open until October 23, with the price band fixed at ₹1,065–₹1,119 per share. Investor interest was also evident in the anchor book, where bids reportedly exceeded ₹2.5 lakh crore against an offering worth around ₹8,110 crore.

With an issue size of ₹30,213 crore, Jio Platforms’ IPO surpasses Hyundai Motor India’s ₹27,870-crore offering to become the largest IPO in India to date. Reliance Industries shareholders who meet the eligibility criteria have an additional opportunity to apply through a reserved portion worth ₹2,500 crore. Eligible investors may apply under both the shareholder and retail categories, subject to the applicable IPO rules. Life Insurance Corporation of India (LIC) reportedly received an anchor allocation worth around ₹500 crore. The strong opening-day response highlights significant investor interest in the offering, although the final subscription figures will be known only after the issue closes.