From mint · Sharmila Bhadoria · · 1m 10s
Reliance Jio IPO Sets Fastest Subscription Record
Reliance Jio IPO achieves India's fastest full subscription in 100 minutes, setting new market records.
In brief
Reliance Jio IPO achieves India's fastest full subscription in 100 minutes, setting new market records. Reliance Jio Platforms' IPO became India's fastest fully subscribed public offering within 100 minutes of opening on October 21, 2026. Originally reported by mint.
Jio IPO Subscription Record
Jio Platforms Limited's ₹ 30,213 crore IPO became India's fastest-ever fully subscribed public offering, reaching full subscription within 100 minutes of opening on October 21, 2026.
QIBs Drive Initial Subscription
Qualified institutional buyers (QIBs) crossed full subscription in the first 10 minutes, reaching almost 2x in under 30 minutes, according to BSE data.
Subscription Breakdown
The QIB portion crossed 2.86 times, while the overall issue was subscribed 0.83 times within the first 100 minutes of opening.
GMP and Listing Expectations
Jio IPO's grey market premium (GMP) stood at ₹ 250 per share, indicating an expected listing price of ₹ 1369 with a 22.34% gain from the upper price band.
Expert Commentary
Siddharth Maurya noted strong subscription indicates institutional faith in Jio's market presence, telecom operations, and digital growth story.
Brokerage Recommendation
Motilal Oswal Financial Services recommends subscribing for both listing gains and long-term investment in Jio Platforms.
The essence
Reliance Jio Platforms' IPO became India's fastest fully subscribed public offering within 100 minutes of opening on October 21, 2026.
