Jio PlatformsIPOQIBTelecomIndia
Jio Platforms QIB Demand 2.86×, IPO to Raise ₹30,213 Cr
Published: October 21, 2026
Jio Platforms’ QIB segment of its ₹30,213‑cr IPO was oversubscribed 2.86× within 10 minutes, with 4.90 cr shares snapped up. Shares will list Oct 28 amid expectations of a strong first‑day rally.
Jio Platforms is offering 27 cr shares at ₹1,065‑₹1,119, aiming to raise ₹30,213 cr—shattering Hyundai Motor’s ₹27,860 cr benchmark and positioning it as India’s largest IPO.
The QIB portion, comprising 4.90 cr shares, closed its first 10 minutes with a demand more than twice the allocation, while anchor bids exceeded ₹2.5 lakh cr, 30× the available allotment.
A total of 7.24 cr shares were allotted, with Life Insurance Corporation of India securing the largest block worth ₹499.98 cr, 6.17% of the anchor allocation.
With 921 cr shares outstanding, the upper end of the price band implies a market cap of roughly ₹10.3 lakh cr, a level that sits above the sector average for telecom platforms.
The issue does not feature any existing shareholder sales; instead, it reserves ₹500 cr for employees and ₹2,500 cr for eligible Reliance shareholders. Shares will debut on NSE and BSE on Oct 28, with analysts noting a likely first‑day surge tempered by broader market volatility.