Jio Platforms IPO 2026 Attracts ₹2.5 Lakh Crore Demand As Global Investors Line Up Ahead Of October 21 Opening
New Delhi: Jio Platforms' initial public offering has attracted institutional demand of about Rs 2.5 lakh crore, with global asset managers, sovereign wealth funds, domestic mutual funds and insurers among investors seeking a stake in the Reliance Industries subsidiary ahead of its stock market debut. JioPlatform IPO to open on October 21 and close on October 23 - ₹2,500 crore worth of shares…
The Jio Platforms IPO has drawn significant institutional demand of about Rs 2.5 lakh crore, with global investors, including asset managers, sovereign wealth funds, mutual funds, and insurers, eagerly vying for a stake in Reliance Industries' subsidiary ahead of its October 21 stock market debut. The pricing for the IPO ranges from Rs 1,065 to Rs 1,119 per share, with up to 27 crore new shares being offered.
A portion of the funds raised will be used to repay debt at Jio Platforms' telecom subsidiary, while the proceeds will also be allocated for general corporate purposes.
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