Jio's ₹30,213 Crore IPO Fully Subscribed in Just 100 Minutes
What Happened
Jio Platforms' ₹30,213 crore initial public offering was fully subscribed within approximately 100 minutes of opening on October 21, 2026, according to exchange data cited by Reuters and PTI. India's largest IPO has a price band of ₹1,065–₹1,119 per share and closes on October 23. Institutional demand was strong, while retail subscriptions initially lagged.
Key Takeaways
The rapid subscription marks a strong opening for India's biggest public share sale. However, institutional investors led early demand, and full subscription does not guarantee listing gains or investment returns.