Why is the Jio Platforms IPO trending in India?
The IPO is trending because it became the highest-value bid in India, with investors bidding over 20.5 times the available shares. It also set a world record for receiving more than one crore applications.
What happened
- Earlier
The IPO was fully subscribed within 100 minutes of opening on the first day [2].
- Friday
The offering closed with total demand exceeding ₹7 lakh crore [2].
- 28 Oct, 2026
The company is expected to list on the stock exchanges [2].
What you need to know
The IPO size was ₹30,213 crore [2].
Retail investors subscribed nearly 2.7 times the available shares [2].
Institutional demand reached over ₹2.5 lakh crore [2].
Anchor investors were allotted shares worth ₹8,109.85 crore [2].
The sources do not provide specific data regarding the current grey market premium (GMP) value.
Background
Jio Platforms is India's leading telecom operator by market share [2].
The IPO saw massive interest from foreign investors despite a general global trend of withdrawing funds from tech and AI stocks [2].
Some analysts have raised concerns about whether such high valuations can be sustained after listing, citing previous examples like Reliance Power [2].
Questions people ask
How many people applied for the Jio IPO?
The IPO received more than one crore applications, setting a world record [2].
When will Jio shares be available on the exchange?
The company is expected to list on Wednesday, October 28 [2].
Where this came from
[1] timesofindia.indiatimes.com
Stock market outlook: Fed meeting, crude & more - top cues guiding Dalal Street this week
Preview image from timesofindia.indiatimes.com
[2] thehindu.com
Jio Platforms IPO turns largest subscribed issue; investors bid over 20.5 times on day 3
Preview image from thehindu.com
Found through Google Trends and drafted with AI from at least two cited sources. Published automatically after passing our automated checks for sources, wording and safety. It may not have been reviewed by a person yet. Report a correction.