Business EconomyPosted at: Oct 23 2026 7:24PM


Jio Platforms IPO subscribed 20.38 times

Mumbai, Oct 23 (UNI) The Rs 30,213-crore Jio Platforms IPO attracted a record 1.34 crore applications, becoming the first IPO to cross the one-crore mark, while drawing combined bids worth an estimated Rs 7 lakh crore, including anchor investor demand, according to BSE data
on Friday.
The public issue was subscribed 20.38 times by the close of bidding on Friday, with investors bidding for 402.63 crore shares against 19.75 crore shares on offer, according to the final BSE
data.
At the upper end of the price band of Rs 1,119 per share, bids received during the public subscription period were worth approximately Rs 4.51 lakh crore, the BSE data revealed.
The combined bids amounted to around Rs 7 lakh crore, including nearly Rs 2.5 lakh crore in anchor investor demand.
Jio Platforms’ Rs 8,110-crore anchor book, which opened on October 19, attracted bids worth nearly Rsd 2.5 lakh crore, translating into demand of more than 30 times the amount on offer.
The company allotted 7.24 crore shares to 212 anchor investors at Rs 1,119 apiece, the upper end of the price band between Rs 1,065 and Rs 1,119, according to BSE data.
Overall subscription rose from 3.04 times on October 21, the first day of bidding, to 5.40 times on Thursday, before climbing to 20.38 times on Friday.
Qualified institutional buyers (QIBs) led the demand, with the QIB portion subscribed 63.42 times at the close. QIBs placed bids for 310.79 crore shares worth approximately Rs 3.48 lakh crore against 4.90 crore shares reserved for the category, translating into a 63.42 times subscription, according to the BSE data.
According to the BSE data, the non-institutional investor (NII) category received bids for 50.83 crore shares worth approximately Rs 56,877 crore against 3.64 crore shares on offer, translating
into subscription of 13.95 times.
The small NII segment, comprising bids between Rs 2 lakh and Rs 10 lakh, received bids for 12.32 crore shares worth approximately Rs 13,781 crore against 1.21 crore shares on offer, translating into subscription of 10.14 times.
The retail individual investor portion received bids for 22.79 crore shares worth approximately ₹25,499 crore against 8.50 crore shares reserved for the category, translating into subscription of 2.68 times.
The portion reserved for Reliance employees received bids for 1.36 crore shares worth approximately Rs 1,518 crore against 46.95 lakh shares on offer, translating into subscription
of 2.89 times, according to BSE data.
The shareholder reservation category received bids for 16.86 crore shares worth approximately
Rs 18,869 crore against 2.23 crore shares reserved, translating into subscription of 7.55 times.
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Tags: #Jio Platforms IPO subscribed 20.38 times
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