Jio Platforms has raised ₹30,213 crore in its record‑setting IPO, a 7× oversubscription that eclipses the previous record of 97 lakh applications by Waaree Energies.
The ₹1,065–₹1,119 per‑share price band attracted 1 crore applications, translating into an aggregate demand of ₹4 lakh crore, with 2.5 lakh crore coming from anchor investors.
Qualified Institutional Bidders (QIBs) dominated the book, subscribing 14.7× their allotted 12‑share lots, while non‑QIBs approached 9.67×, and retail investors achieved a 2× oversubscription.
The IPO, the largest of 2026 and the biggest in Indian history, will channel proceeds mainly into debt reduction, tightening Reliance's capital structure.
Allotment is slated for Monday, Oct 26, with listing on NSE and BSE on Wednesday, Oct 29. Analysts expect a first‑day bounce if the shares trade within the 10–12% range of the issue price.