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Retail Portion of Jio Platforms’ IPO Fully Subscribed

Institutional buyers drove the rush, with the qualified institutional buyer portion subscribed 9 times and the issue fully covered in 100 minutes, exchange data showed.

  • On Wednesday, Jio Platforms Ltd's Rs 30,213-crore IPO was fully subscribed within 100 minutes, making it the fastest mega-issue in India to attract bids for all shares on offer.
  • This performance surpasses Hyundai Motor India's Rs 27,870-crore IPO, which was subscribed just 18 per cent by the end of its first day in 2024.
  • According to National Stock Exchange data at 5 pm on Wednesday, qualified institutional buyers drove the surge with their reserved portion subscribed 9 times against overall subscription of 3 times.
  • Unlisted shares are trading at a grey market premium of Rs 253, according to Investorgain, reflecting sustained investor enthusiasm for the IPO.
  • The offering remains open until Friday, October 23, while Jio aims to export its home-grown telecom technology stack, serving over 533 million customers in India.
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Moneycontrol broke the news in Mumbai, India on Wednesday, October 21, 2026.
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