Jio Platforms IPO, India's largest ever, is oversubscribed more than five times on day two

Jio Platforms is offering up to 27 crore shares at Rs 1,065 to Rs 1,119 each, raising up to about Rs 30,200 crore (roughly $3.2 billion), which Mint calls India's biggest share sale ever. Even at the floor price it would beat Hyundai Motor India's Rs 27,800-crore IPO from October 2024. Bidding runs from 21 to 23 October, with listing on BSE and NSE proposed for 28 October.Sources:1Mint (via TradingView): Jio Platforms IPO draws Rs.8,110 crore in anchor investor bids, Mint (via TradingView), 19 October 2026 (source, opens in a new tab)2IANS (Telangana Today): Jio Platforms IPO subscribed 2.5 times on day one, QIB portion 7.46 times, IANS (Telangana Today), 21 October 2026 (source, opens in a new tab)

Before the issue opened, the company allotted 7.247 crore shares to anchor investors at Rs 1,119, raising about Rs 8,110 crore. Anchors included BlackRock, Fidelity, Capital Group, Abu Dhabi Investment Authority, Qatar Investment Authority, Norges Bank Investment Management and Life Insurance Corporation of India.Sources:1Mint (via TradingView): Jio Platforms IPO draws Rs.8,110 crore in anchor investor bids, Mint (via TradingView), 19 October 2026 (source, opens in a new tab)2IANS (Telangana Today): Jio Platforms IPO subscribed 2.5 times on day one, QIB portion 7.46 times, IANS (Telangana Today), 21 October 2026 (source, opens in a new tab)

By 5:30 pm on 22 October, NSE data showed overall subscription at 5.25 times: qualified institutional buyers 12.45 times, non-institutional investors 5.59 times and retail investors 1.50 times. The retail portion was fully subscribed even as the Sensex and Nifty fell. Subscription figures change through the day, and the issue closes on 23 October.Sources:3The Week: Retail portion of Jio IPO gets fully subscribed on day 2 despite Sensex, Nifty slump, The Week, 22 October 2026 (source, opens in a new tab)4Daily Jagran: Jio IPO GMP Slips Slightly In Evening Trade, Day 2 Subscription Surges To 5.25x, Daily Jagran, 22 October 2026 (source, opens in a new tab)