Jio Platforms IPO to list on Oct 28 after 22-times oversubscription
The Jio Platforms public issue, sized at ₹30,188 crore, was subscribed 22.19 times and will begin trading on October 28, 2026.
Jio Platforms announced that its initial public offering, comprising 19.75 crore shares, received total bids for 438.26 crore shares, translating to an overall subscription of 22.19 times. The issue, valued at ₹30,188 crore, attracted investor demand of ₹7.4 lakh crore, including ₹4.9 lakh crore from the public issue and ₹2.5 lakh crore from anchor investors.
The IPO was fully subscribed within 100 minutes of launch, making it one of the fastest-filled offerings in the Indian market. Retail investors submitted about 1.02 crore applications, while non-institutional investors and qualified institutional buyers together accounted for roughly 9.66 lakh and 3,143 applicants respectively.
The listing is scheduled for Wednesday, October 28, 2026. The article also referenced the historical performance of Reliance Industries' first public offering in 1977, noting that an investment of ₹1,000 at that time would have grown to approximately ₹53 lakh by 2026, driven by multiple bonus issues and the 2023 demerger of Jio Financial Services.
Analysts highlighted that Reliance’s share price has experienced periods of volatility, including a 57 % decline in 2008 during the global financial crisis and a recent 24 % drop in 2026 amid higher crude oil prices and a reintroduced windfall tax. The company’s expansion into telecom with Jio in 2016 contributed to a subsequent rally, with shares gaining over 70 % in 2017 and delivering a 10-year compound annual growth rate of 17 %.
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