Business EconomyPosted at: Oct 21 2026 1:52PM


Jio platforms IPO fully subscribed within 35 minutes, QIBs lead demand

New Delhi, Oct 21 (UNI) Reliance Industries’ digital services subsidiary, Jio Platforms, saw its initial public offering (IPO) fully subscribed on the first day of bidding on Wednesday, with strong participation from qualified institutional buyers (QIBs) offsetting relatively muted demand from retail investors.
The issue was subscribed 1.01 times as of 10:34 am, according to stock exchange data. Investors placed bids for around 19.99 crore shares, valued at approximately Rs 22,354 crore at the upper end of the price band, against shares worth Rs 22,078 crore available for subscription.
Institutional investors emerged as the biggest contributors to demand, subscribing to 3.25 times the shares reserved for them. The QIB category received bids worth Rs 17,804 crore against an allocation of Rs 5,484 crore.
Demand remained subdued across other investor segments. The employee portion was subscribed 0.57 times, while the shareholder category saw subscription of 0.43 times. Retail investors bid for 0.23 times their reserved quota, while the non-institutional investor (NII) segment was subscribed 0.26 times.
Within the NII category, investors applying for amounts exceeding Rs 10 lakh subscribed to 0.20 times their allocated portion. The Rs 2 lakh to Rs 10 lakh segment recorded a subscription of 0.36 times.
Jio Platforms has set a price band of Rs 1,065 to Rs 1,119 per share for the public issue. Investors can apply for the IPO in lots of 12 shares, with the issue scheduled to close on Friday, October 23.
Ahead of the public offering, Jio Platforms raised Rs 8,109.85 crore from 212 anchor investors on Monday. The company allotted 7.25 crore shares to these investors at Rs 1,119 apiece, the upper end of the IPO price band, according to its exchange filing.
The Life Insurance Corporation of India (LIC) emerged as the largest investor in the anchor book, receiving 44.68 lakh shares valued at Rs 499.98 crore. Its allocation accounted for 6.17% of the total anchor portion.
New World Fund Inc was another major participant, receiving an allocation worth Rs 486.27 crore, equivalent to 6% of the anchor book.
Domestic mutual funds accounted for a significant share of the anchor investment. A total of 95 schemes managed by 25 fund houses were allotted shares worth Rs 2,784.96 crore, representing 34.34% of the anchor portion.
Meanwhile, 22 life insurance companies and pension funds collectively received shares worth Rs 1,089.95 crore, accounting for 13.44% of the anchor book.
The subscription figures on the opening day indicate that institutional demand is currently driving the issue, while participation from retail and non-institutional investors remains comparatively limited. The subscription levels will continue to be tracked through the final day of bidding on October 23.UNI VK AAB
Please log in to get detailed story.
Tags: #Jio platforms IPO fully subscribed within 35 minutes# QIBs lead demand
More News

Bank of Baroda posts record Q2 profit of Rs 6,532 crore; expects H2 margin recovery

30 Oct 2026 | 7:09 PM

Mumbai, Oct 30 (UNI) Bank of Baroda has reported its highest-ever quarterly net profit of Rs 6,532 crore in the September quarter, but its first-half earnings declined 16.5 per cent year-on-year amid higher provisions, even as the lender expects margins and corporate credit growth to improve in the second half of the financial year.

see more..

Karur Vysya Bank expands branch network to 929, opens 2 branches in Telangana

30 Oct 2026 | 6:46 PM

Hyderabad, Oct 30 (UNI) Karur Vysya Bank (KVB) has opened eight new branches across four states, taking its nationwide branch network to 929, including two new outlets at Bachupally and Tandur, ourskirts of Hyderabad (Telangana).

see more..

30 Oct 2026 | 6:31 PM

New Delhi, Oct 30 (UNI) India's fiscal deficit stood at Rs 7.14 lakh crore during the first six months of the financial year 2026-27, equivalent to 42.1 per cent of the full-year Budget Estimate, according to the latest government accounts released on Friday. The deficit was higher than Rs 5.7 lakh crore recorded during the corresponding period of the previous financial year.

see more..

Hyd: Dr K Anand Kumar receives FABA Lifetime Achievement Award

30 Oct 2026 | 6:18 PM

Hyderabad, Oct 30 (UNI) Dr K. Anand Kumar, Managing Director of Indian Immunologicals Limited (IIL), has been conferred with the Lifetime Achievement Award by the Federation of Asian Biotech Associations (FABA) in recognition of his contributions to biotechnology, vaccine research, development and manufacturing.

see more..

Bank of Baroda posts record Q2 profit of Rs 6,532 crore

30 Oct 2026 | 5:17 PM

Mumbai, Oct 30 (UNI) Public sector lender Bank of Baroda on Friday reported its highest-ever quarterly net profit of Rs 6,532 crore for the July-September quarter of FY27, registering a 35.8 per cent year-on-year growth, even as its first-half net profit declined 16.5 per cent amid a sharp increase in provisioning.

see more..