# Jio Platforms IPO Fully Subscribed

> Jio Platforms IPO clocks ~3 times subscription on Day 1 itself.
- Title: Jio Platforms IPO Fully Subscribed · mint | Shortify
- Summary: Jio Platforms IPO clocks ~3 times subscription on Day 1 itself. Jio Platforms IPO fully subscribed within 100 minutes, valuing the company at $107 billion…
- Keywords: jio platforms, ipo, mukesh ambani, reliance industries, bharti airtel, arpu, telecom, india, stock market, bse, news, Jio
- Source: mint — https://livemint.com/market/ipo/jio-has-record-ipo-fully-subscribed-within-hours-11792562581882.html
- Published: 2026-10-21T06:07:31+00:00
- Read time: 2 min
- Topics: jio platforms, ipo, mukesh ambani, reliance industries, bharti airtel, arpu, telecom, india, stock market, bse, news
## Jio Platforms IPO Fully Subscribed
Jio Platforms IPO clocks ~3 times subscription on Day 1 itself.
## IPO Fully Subscribed in 100 Minutes
The IPO was fully subscribed within 100 minutes, with qualified institutional investors subscribing over seven times.
## Record Subscription Rate
Retail investors took up 68% of their allocation, while wealthy investors bid for 1.51 times shares reserved for them.
## IPO Valuation
Jio Platforms seeks to raise $3.1 billion, valuing the company at $107 billion at the top end of the price band.
## Foreign Inflows Boost Rupee
Foreign inflows into the IPO boosted the rupee to a six-week high, climbing 0.5% to its highest since Sept. 7.
## Jio's Market Position
Jio leads in wireless and fixed broadband markets with over 500 million subscribers but lags in ARPU compared to Bharti Airtel.
## ARPU and Profit Comparison
Bharti reported an ARPU of 264 rupees for the quarter ended June, compared with Jio's 216 rupees.
## Valuation Metrics
Jio is valued at 33.2 times trailing earnings versus Bharti’s nearly 37 times, with a premium based on enterprise value-to-Ebitda.
## Jio's Strategy
Jio's strategy of pruning low-value customers to focus on high-paying users has been in place for seven years.
## Historic IPO Impact
Jio's IPO marks Ambani's return to the IPO market after 20 years, with a focus on unlocking value for Reliance Industries.
## Market Reaction
Analysts note Jio's potential for growth in satellite communications, digital services, AI, and other technology-led businesses.
## Jio's Future Plans
Jio plans to pre-pay a substantial chunk of its debt with IPO funds, strengthening its balance sheet for competition with Starlink.
## Upcoming Mobile Tariff Hike
The much-awaited hike in mobile tariffs is expected to provide a kicker to Jio's earnings.
## Key takeaway

Jio Platforms IPO fully subscribed within 100 minutes, valuing the company at $107 billion with 3x subscription on Day 1.