Jio Platforms' Rs. 30,213 Crore IPO: India's Largest Public Issue

• 24 Oct 2026

On October 23, 2026, the Rs. 30,213 crore IPO of Jio Platforms was successfully completed. With approximately 1.39 crore applications and a subscription rate of 22.19 times, it set multiple records in the Indian capital market.

• Largest IPO: Jio Platforms, a subsidiary of Reliance Industries, surpassed the previous record set by Hyundai Motor India's Rs. 27,870 crore IPO in 2024.
• Record Applications: The IPO received approximately 1.39 crore applications, making it the first IPO in the world to receive over one crore applications. Previously, Waaree Energies' IPO in October 2024 had received about 97.33 lakh applications.
• Issue Structure: The IPO involved the issuance of approximately 27 crore fresh shares. It did not include an Offer for Sale (OFS).
• Anchor Investors: The anchor portion of Rs. 8,110 crore received bids worth approximately Rs. 2.5 lakh crore. Shares were allocated to a total of 212 investor accounts and schemes.
• Debt Repayment: The company proposed to utilize up to Rs. 27,500 crore from the proceeds to repay the debt of its wholly-owned subsidiary, Reliance Jio Infocomm.
• Listing: The allotment of shares is scheduled for October 26, and the listing on BSE and NSE is proposed for October 28, 2026.