{
  "id": 15883318,
  "title": "Jio IPO Subscribed 2.5 Times On Day 1, Rs 30,213 Crore Mega Issue Sees Strong Institutional Demand",
  "url": "https://urgent.news/2026/10/21/jio-ipo-subscribed-2-5-times-on-day-1-rs-30-213-crore-mega-issue-sees",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T11:18:40.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/jio-ipo-subscribed-25-times-on-day-1-rs-30213-crore-mega-issue-sees-strong-institutional-demand"
  },
  "original_language": "en",
  "account": "Mumbai: Reliance Industries-backed telecom firm Jio Platforms witnessed robust investor appetite for its Rs 30,213 crore Initial Public Offering (IPO) on October 21, 2026. The issue saw subscriptions at 2.5 times the available shares, largely fueled by Qualified Institutional Buyers (QIBs). BSE data revealed a bid-to-issue ratio of 49.56 crore shares for a pool of 19.75 crore shares. The IPO will accept subscriptions until October 23, 2026. Reliance Stock Jumps 2.6 Percent on Jio IPO Opening Institutional investors led the demand, with QIBs subscribing 7.46 times their allotted shares. Non-Institutional Investors (NIIs) subscribed at 1.32 times, while retail investors took 60% of their allocations. Reliance Industries shareholder reservation was 1.16 times subscribed, and the employee category was fully booked. Prior to the IPO, Jio Platforms raised around Rs 8,109.84 crore from 212 anchor investors, including international institutions like GIC, Norges Bank Investment Management, Abu Dhabi Investment Authority, and Qatar Investment Authority. Domestic investors like SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, and LIC also participated. The IPO price band is set between Rs 1,065 and Rs 1,119 per share, with the company targeting Rs 30,213 crore at the higher end. Allotment is slated for October 26, 2026, with the shares expected to list on BSE and NSE on October 28, 2026.",
  "summary": "Mumbai: Jio Platforms' Rs 30,213 crore Initial Public Offering (IPO), India's largest-ever public issue, witnessed strong investor demand on Wednesday, October 21. The issue was subscribed 2.5 times on the first day of bidding, driven primarily by qualified institutional buyers (QIBs). Jio IPO Subscription Status On Day 1 According to BSE data , the Jio IPO received bids for 49.56 crore shares…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}