# 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.
- Title: Jio IPO Sets Record for QIB Demand in India | Shortify
- Summary: 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…
- Keywords: jio platforms, ipo, qib demand, nse, india, rs 30213 crore, subscription, money, business, Jio, Sets, Record
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/ipos/fpos/record-galore-jio-ipo-claims-crown-for-highest-qib-demand-among-indias-5-largest-issues-edges-past-nse/articleshow/135120259.cms
- Author: Kumar Gaurav
- Published: 2026-10-22T13:21:00+00:00
- Read time: 1 min
- Topics: jio platforms, ipo, qib demand, nse, india, rs 30213 crore, subscription, money, business
## 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.
## Key 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.