₹30,188 crore. The largest IPO ever in India, Jio Platforms Limited’s issue opened on June 20th with a nominal value of ₹30,188 crore, setting a new benchmark for the country’s primary market.
According to the company’s filing, the cumulative demand rose to ₹7.4 lakh crore across anchor and public book‑building processes, eclipsing the 2014 Reliance IPO’s aggregate demand of ₹6.0 lakh crore. Within 100 minutes of the opening bell, the issue was fully subscribed, marking the fastest full subscription in Indian history.
The qualified institutional buyer (QIB) tranche, capped at ₹5,500 crore, was snapped up in a mere 10 minutes, a testament to the high‑profile appetite from major banks and asset managers. Retail investors, too, were in full tilt, submitting 1,05,13,429 applications, while the total applicant pool hit 1,38,65,535, breaking the previous record.
Institutional demand, excluding anchor investors, clocked ₹3.87 lakh crore, and high‑net‑worth individuals poured in ₹57,109 crore worth of shares. The combined shareholder applications reached 21.62 lakh, underscoring the depth of interest.
With an implied valuation of ₹10.3 lakh crore at the offer price, Jio Platforms joins Meta, Alibaba, and SpaceX as a founder‑led company that has crossed the $100 billion mark at IPO. The listing will be on the NSE under symbol JIOPLAT, and market watchers are eyeing the first‑day close for signs of how the record demand translates into price momentum.
Analysts are projecting a first‑day upside of 3–5% based on the rapid subscription pace, though the stock’s performance will hinge on post‑IPO liquidity and the company’s ability to monetize its 5G and digital ecosystem initiatives. Investors should keep an eye on the August 15 earnings call for revenue guidance and margin expectations as the business scales.