ETMarkets.com Investors across categories sought to buy 4.38 billion shares in public bids, against 197.5 million shares on offer.
Synopsis Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly ₹7.41 lakh crore in bids.
The subscription soared to 22.19 times, mainly due to robust involvement from institutional investors, including domestic mutual funds and foreign entities.
This enthusiasm contrasts with current trends in the secondary market, and shares are scheduled for listing on October 28, showcasing Jio's strides in the digital and telecommunications arenas.
By ET Bureau XPeers Reliance Industries Share Price Oct 24, 2026, 08:16:00 AM IST Follow us Mumbai: Jio Platforms' mega initial public offering (IPO), the largest in Indian corporate history, drew aggregate bids worth about ₹7.41 lakh crore, closing on Friday with an overall subscription of 22.19 times in public bids.
The strong response, especially from institutional investors, was in sharp contrast to the weak secondary-market sentiment amid mounting concerns over elevated crude oil prices and foreign-fund selling.ADVERTISEMENT Investors across categories sought to buy 4.38 billion shares in public bids, against 197.5 million shares on offer, combined data from both stock exchanges showed.
Public bids over the past three days totalled ₹4.91 lakh crore at the higher end of the price band at ₹1,119 a share.
The public issue, which had opened Wednesday, closed for subscription Friday.
The stock would list on October 28.
Along with the anchor book, where global and domestic bulge-bracket investors bid more than ₹2.5 lakh crore, the total bid value for the 30,213-crore IPO was ₹7.41 lakh crore.
Mutual funds bid for 357 million shares, and other investors in the QIB category bid for 336.2 million shares.ADVERTISEMENT ADVERTISEMENT
Check GMP, other detailsThe non-institutional investor (NII) segment was subscribed 14 times, with bids for 510 million shares against 36.4 million shares reserved for the category.
Within this segment, investors bidding for more than ₹10 lakh subscribed their portion 15.89 times, while the category for bids between ₹2 lakh and ₹10 lakh was subscribed 10.21 times.ADVERTISEMENT Retail investors bid for 231.1 million shares against 85 million shares reserved for them, taking subscription to 2.72 times.
The employee portion was subscribed 2.93 times, while the shareholder quota received bids for 169.7 million shares against 22.3 million shares on offer, translating into 7.60 times subscription.The IPO was fully subscribed within about 100 minutes of opening, led by institutional demand.
The IPO was priced in the band of ₹1,065-1,119 per share.
The entire IPO of Jio Platforms, the digital and telecom arm of Reliance Industries led by Mukesh Ambani, has been through a fresh share issue with no offer-for-sale component.
