Jio Platforms’ first‑time public offering pulled in a staggering ₹7.4 lakh crore, taking the ₹30,213‑cr issue 22.19 times over.
Institutional demand was the main driver: Qualified Institutional Buyers filled 70.55 x, non‑institutional investors 14 x, retail 2.72 x, shareholder quota 7.6 x, and the employee portion 2.93 x, as reported by KFin Technologies.
The price band was set between ₹1,065 and ₹1,119 per share, which caps the company’s valuation at about ₹10.3 lakh crore at the upper band—making it one of India’s most valuable IPOs.
Bidding closed on Oct. 23; allotments will be finalized on Oct. 26, with successful investors seeing credits in their demat accounts by Oct. 27, ahead of the scheduled listing on Oct. 28.
Analysts predict that the listing will be highly volatile, with first‑day trading likely to hover near the book value, reflecting the steep subscription and high investor appetite.