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India’s largest IPO to record investor demand: 10 milestones that made Jio’s IPO a blockbuster - Published OnOct 23, 2026 | 22:47 IST - Last Updated OnOct 23, 2026 | 22:47 IST Jio Platforms' ₹30,188-crore public offering became India's largest and fastest fully subscribed IPO, attracting a record ₹7.4 lakh crore in cumulative demand. The blockbuster issue set multiple records across retail, HNI, and institutional categories, pushing Jio into the elite global $100-billion... The long-awaited Jio IPO was all the rage among retail and other investors this week. And it has lived up to the hype so far with a blockbuster offering that set multiple records, from the size of the issue and the speed of subscription to the scale of investor demand. The ₹30,188-crore offering attracted applications worth a cumulative ₹7.4 lakh crore, or around $78 billion, across the anchor and public book-building processes. Here are 10 milestones that stood out: 1. India’s largest IPO ever With a total issue size of ₹30,188 crore, Jio Platforms’ IPO became the largest public offering in India, setting a new benchmark for the country’s primary market. 2. Record cumulative demand of ₹7.4 lakh crore The IPO attracted cumulative demand of ₹7.4 lakh crore ($78 billion) across the anchor and public book-building processes, reflecting strong investor appetite for the offering. 3. India’s fastest fully subscribed IPO Jio Platforms’ IPO was fully subscribed within 100 minutes of opening, making it the fastest fully subscribed IPO in Indian history. 4. QIB portion subscribed within 10 minutes The ₹5,500-crore portion reserved for qualified institutional buyers (QIBs) was fully subscribed within the first 10 minutes of the issue opening. 5. Nearly 1.39 crore applications Jio Platforms received a total of 1,38,65,535 applications, surpassing the previous record listed in the comparison chart accompanying the IPO highlights. 6. More than 1.05 crore retail applications Retail investors submitted 1,05,13,429 applications for the offering, beating the previous record shown in the comparison chart. 7. Record demand from institutional investors Qualified institutional buyers, excluding anchor investors, applied for shares worth approximately ₹3.87 lakh crore. The company’s highlights identify this as record demand among recent large IPOs, using the revised allocation methodology introduced after April 2022. 8. HNI demand touched ₹57,109 crore High-net-worth individual (HNI) investors applied for shares worth ₹57,109 crore, another record among recent large IPOs. 9. Shareholder applications hit 21.62 lakh The IPO received 21,62,500 shareholder applications, exceeding the previous record shown in the accompanying comparison chart. 10. Jio enters the global $100-billion IPO valuation club At the implied IPO valuation, Jio Platforms is set to become the fourth company globally among a select group of founder-led businesses to achieve an equity valuation of more than $100 billion at IPO, joining the likes of Meta, Alibaba and SpaceX. At an implied market capitalisation of ₹10.3 lakh crore at the offer price, Jio Platforms is also poised to rank among India’s three largest listed companies by market capitalisation. Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
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