Watch | Jio IPO subscribed 22 times: Who drove India’s biggest-ever issue?
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Will Jio Platforms deliver in the stock market?

Watch | Jio IPO subscribed 22 times: Who drove India’s biggest-ever issue?

Jio Platforms’ over Rs 30,000-crore IPO received bids worth ₹4.91 lakh crore, led by institutional investors demand. Will it deliver blockbuster market debut?


Jio Platforms’ Rs 30,000 crore-plus IPO closed on October 23 with an overall subscription of over 22 times. Investors bid for about 438.3 crore shares against 19.75 crore on offer, and the issue drew bids worth around Rs 4.91 lakh crore.

The issue was fully subscribed within about 100 minutes of opening. But does oversubscription guarantee listing gains? With the listing scheduled for October 28, we look at what the numbers tell us and what could decide the stock market debut.

The Federal breaks down who drove the demand, and whether it can pull off a sparkling listing next week.

Watch the full video here.

JioReliance IndustriesReliance JioIPO
Timsy Jaipuria
About the AuthorTimsy Jaipuria
Timsy Jaipuria is a senior financial journalist reporting on India’s economic policy landscape and the intersection of government, business, and markets.
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