{
  "id": 15849996,
  "title": "Jio IPO: QIB portion fully subscribed at over 2x demand within minutes",
  "url": "https://urgent.news/2026/10/21/jio-ipo-qib-portion-fully-subscribed-at-over-2x-demand-within-minutes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T05:05:49.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/jio-ipo-qualified-institutional-buyers-portion-fully-subscribed-at-over-2x-demand-within-minutes/articleshow/135082499.cms"
  },
  "original_language": "en",
  "account": "Jio Platforms' Initial Public Offering (IPO) saw the Qualified Institutional Buyers (QIB) segment in high demand, with subscriptions exceeding twice the allocated shares within just minutes of the issue opening on Wednesday. The QIB portion, amounting to 4,90,07,827 shares, witnessed bids matched to the available allocation within a mere ten minutes. Demand for this segment surpassed the reserved amount by 2.86 times by 10 am, according to sources. The offering, billed as India's largest public issue, will see Jio Platforms issue around 27 crore shares at a price range of Rs 1,065 to Rs 1,119 per share, raising approximately Rs 30,213 crore. Upon completion, Jio Platforms is expected to achieve a market capitalization of around Rs 10.3 lakh crore, making it the largest IPO in India.",
  "summary": "Jio Platforms IPO is open for subscription from October 21 to October 23. The company, which houses the telecom and digital businesses of the Mukesh Ambani-led group, plans to issue around 27 crore shares at a price band of Rs 1,065 to Rs 1,119 per share. The offering is expected to raise approximately Rs 30,213 crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Ambani’s Jio has record India IPO fully subscribed within hours",
        "url": "https://urgent.news/2026/10/21/ambanis-jio-has-record-india-ipo-fully-subscribed-within-hours",
        "published": "2026-10-21T06:27:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}