Jio Platforms' public offer is fully subscribed within 100 minutes of opening

22 October 2026

Jio Platforms Ltd's public offer was fully subscribed within 100 minutes of opening on October 21, 2026, making it the fastest-ever subscribed initial public offer in India. The offer is for Rs 30,213 crore with a price band of Rs 1,065 to Rs 1,119 per share, and is a fresh offering of up to 27 crore shares with no offer-for-sale component. The portion marked for Qualified Institutional Buyers crossed full subscription in the first 10 minutes and later crossed 2.86 times. The issue stays open until October 23 and is set to exceed Hyundai Motor India's Rs 27,870 crore offer of 2024 to become India's largest by value. On October 19, 2026 the company allotted shares worth about Rs 8,110 crore to 212 anchor investors at Rs 1,119 apiece.