Friday blockbuster for Jio IPO: Rs 7.4 lakh crore bids, 22x subscription ETMarkets.com Investors across categories sought to buy 4.38 billion shares in public bids, against 197.5 million shares on offer.
Synopsis Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly ₹7.41 lakh crore in bids.
The subscription soared to 22.19 times, mainly due to robust involvement from institutional investors, including domestic mutual funds and foreign entities.
This enthusiasm contrasts with current trends in the secondary market, and shares are scheduled for listing on October 28, showcasing Jio's strides in the digital and telecommunications arenas.
By ET Bureau XPeers Reliance Industries Share Price Oct 24, 2026, 08:16:00 AM IST Follow us Mumbai: Jio Platforms' mega initial public offering (IPO), the largest in Indian corporate history, drew aggregate bids worth about ₹7.41 lakh crore, closing on Friday with an overall subscription of 22.19 times in public bids.
The strong response, especially from institutional investors, was in sharp contrast to the weak secondary-market sentiment amid mounting concerns over elevated crude oil prices and foreign-fund selling.ADVERTISEMENT Investors across categories sought to buy 4.38 billion shares in public bids, against 197.5 million shares on offer, combined data from both stock exchanges showed.
Public bids over the past three days totalled ₹4.91 lakh crore at the higher end of the price band at ₹1,119 a share.
The public issue, which had opened Wednesday, closed for subscription Friday.
The stock would list on October 28.
Along with the anchor book, where global and domestic bulge-bracket investors bid more than ₹2.5 lakh crore, the total bid value for the 30,213-crore IPO was ₹7.41 lakh crore.
