Jio IPO Day 1 LIVE: Blockbuster Opening! QIBs Category Subscribed 3X, Subscription Status, GMP Today, Price Band, Reviews, Allotment & Listing Date
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Jio Platforms IPO: The mother of all IPOs in India is finally opening for subscription on October 21, 2026. The Reliance Industries-backed telecom giant, Jio, is launching Rs 30,213 crore public offer, the largest ever in India. The behemoth is expected to list next week.
The Jio IPO will be open from October 21, 2026, and close on October 23. The price band is Rs 1,065-Rs 1,119 per share, with a minimum lot of 12 shares. At the upper price band, retail investors need at least Rs 13,428 to apply.
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Of the issue size, 50% is reserved for qualified institutional buyers (QIBs), including foreign institutional investors, mutual funds, banks, insurers and NBFCs. Non-institutional investors (NIIs) get 35%, while retail investors are allotted the remaining 15%.
Of the issue size, 50% is reserved for qualified institutional buyers (QIBs), including foreign institutional investors, mutual funds, banks, insurers and NBFCs. Non-institutional investors (NIIs) get 35%, while retail investors are allotted the remaining 15%.
The proceeds will be used to fully or partly repay outstanding borrowings of Jio’s material subsidiary, Reliance Jio Infocomm Ltd (RJIL), and for general corporate purposes.
Through the IPO, Jio Platforms, Managing Director Akash Ambani said, their goal is to become debt-free.
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Oct 21, 2026, 10:03 am IST
Jio IPO Live: Largest IPO Of India Has Opened For Subscription At 10:00 AM Today
The IPO is finally out for bidding. All qualified institutional buyers (QIBs), non-institutional investors (NIIs) and retail investors can bid. The QIBs include mutual funds, foreign institutional investors, FPIs, and financial institutions like banks, NBFCs and insurance companies. The NIIs include high net-worth clients with investment value above Rs 2 lakh. The RIIs category belong to individuals who are investing below Rs 2 lakh in Jio Platforms.
Oct 21, 2026, 9:58 am IST
Jio IPO Today LIVE: Jio Platforms Raised Rs 8,110 Crore From 212 Anchor Investors
| 1 | Record Institutional Demand | Aggregate institutional demand exceeded ₹2,50,000 crore, reportedly the first time an Indian IPO crossed this mark, according to banking sources following the collation of demand from Indian and global investors. |
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| 2 | Strong Anchor Book Demand | The ₹8,110 crore anchor book reportedly attracted demand of more than 30 times its size, indicating strong interest from long-term investors. |
| 3 | 200+ Investor Lines | More than 200 investor lines highlighted the depth of participation, with multiple fund schemes from individual fund houses demonstrating institutional commitment. |
| 4 | Sovereign and Pension Fund Participation | Long-term investors reportedly included LIC, GIC, ADIA, QIA, Norges, PSP Investments, California State Teachers’ Retirement System, Florida Retirement System, SBI Pension (NPS Trust), HDFC Pension, ICICI Pension and UTI Pension. |
| 5 | Leading Domestic and Global Investors | Participants reportedly included SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, BlackRock, Capital Group, Fidelity Management & Research, Schroders, JPMorgan Asset Management, Birla Mutual Fund, Kotak Mutual Fund, Nippon Mutual Fund, Allianz, T. Rowe Price and Prudential. |
| 6 | Global Technology-Focused Investors | Global investment firms such as Dragoneer, Janus Henderson and Ninety One reportedly participated in the offering. |
| 7 | Indian Family Offices and Fidelity Contra Fund | Leading Indian family offices, including Enam, Premji, Zerodha and HCL-linked family offices, reportedly participated. Fidelity Contra Fund was also identified among the top anchor investors and described in the supplied information as a leading active global mutual fund. |
Ahead of the IPO, Jio Platforms raised up to Rs 8,109.84 crore from 212 anchor investors on October 19. 7 Key Highlights of Institutional Demand and Investor Participation In Anchor Bidding:
Oct 21, 2026, 9:53 am IST
JIO IPO Today LIVE: Akash Ambani says, Jio to become debt-free via IPO
“We have almost $3 billion of net debt on our books. The full proceeds take us to be a net debt-free company, and the growth capital is something that will flow from our revenues,” said Akash during the IPO press conference. He added, “”We have the most affordable plans in India, and we have the price lever that we can always play. But our first endeavour is to deliver more services to our users and extract value that our competitors have left.”
Oct 21, 2026, 9:53 am IST
Jio IPO Today LIVE: Objective Of The IPO
As this is a fresh issue, existing shareholders, including Meta and Google, are not selling their stakes. The entire proceeds will go to Reliance. The proceeds will be used to fully or partly repay outstanding borrowings of Jio’s material subsidiary, Reliance Jio Infocomm Ltd (RJIL), and for general corporate purposes.
Oct 21, 2026, 9:53 am IST
Jio IPO Today LIVE: Allocation To QIB, NII, RII
Of the issue size, 50% is reserved for qualified institutional buyers (QIBs), including foreign institutional investors, mutual funds, banks, insurers and NBFCs. Non-institutional investors (NIIs) get 35%, while retail investors are allotted the remaining 15%.
Oct 21, 2026, 9:53 am IST
JIO IPO Today LIVE: Price Band, Bid Lot Size
The price band is Rs 1,065-Rs 1,119 per share, with a minimum lot of 12 shares. At the upper price band, retail investors need at least Rs 13,428 to apply.
Oct 21, 2026, 9:53 am IST
JIO IPO Today LIVE: Mother Of All IPOs Open Today
Jio is opening its Rs 30,213 crore worth IPO on October 21 for subscription. The issue will close on October 23, 2026. The company is offering fresh issue of 27 crore equity shares.
