From The Economic Times · Kumar Gaurav · · 1m 40s
Jio IPO Sets Record for QIB Demand in India
Jio Platforms' IPO claims highest QIB demand among India's top 5 IPOs, edging past NSE with 12.87x subscription.
In brief
Jio Platforms' IPO claims highest QIB demand among India's top 5 IPOs, edging past NSE with 12.87x subscription. Jio Platforms' Rs 30,213-crore IPO achieved record QIB demand of 12.87x subscription, surpassing NSE's 12.67x for India's largest issues. Originally reported by The Economic Times.
Jio Platforms IPO Details
Jio Platforms' Rs 30,213-crore IPO sets record for highest qualified institutional buyer demand among India's five largest issues.
QIB Subscription Comparison
Jio Platforms achieved 12.87 times QIB subscription, marginally ahead of NSE's 12.67 times for India's largest IPOs.
Issue Size Comparison
Jio Platforms' Rs 30,213-crore issue surpasses Hyundai Motor India's Rs 27,859-crore offering as India's largest-ever IPO.
Overall Subscription Levels
Jio IPO received 5.36 times overall subscription by Day 2, with retail investors subscribing 1.50 times their quota.
Grey Market Premium
Jio unlisted shares traded at Rs 1,368 with 22.25% grey market premium over IPO price band of Rs 1,119.
IPO Price Band Details
Jio Platforms' IPO price band is Rs 1,065, Rs 1,119 per share, valuing the company at approximately Rs 10.3 lakh crore.
Brokerage Recommendations
Motilal Oswal and Swastika Investmart recommend subscribing to Jio IPO for long-term investment and listing gains.
Jio Platforms Background
Jio Platforms is Reliance Industries' telecom and digital arm, operating India's largest mobile network and home broadband.
Listing Timeline
Jio Platforms shares will list on BSE and NSE on October 28, 2026, after October 23 subscription deadline.
Market Reaction
Jio IPO shows strong institutional and retail demand, with positive brokerage ratings ahead of October 28 listing.
The takeaway
Jio Platforms' Rs 30,213-crore IPO achieved record QIB demand of 12.87x subscription, surpassing NSE's 12.67x for India's largest issues.
