Jio Platforms' $3.2 billion IPO has set a global record by receiving over 1 crore applications, surpassing the previous record of 97 lakh applications held by Waaree Energies. The issue was subscribed nearly seven times, with bids placed for over 147 crore shares against the 19.75 crore shares offered.
Strong participation came from both retail and institutional investors. Retail investors fully subscribed their reserved portion within two days, while qualified institutional buyers bid nearly 15 times their reserved quota. Most bids were at the upper end of the price band of ₹1,119 per share.
The IPO closed on October 23, 2026, and Jio Platforms is scheduled to list on stock exchanges on October 28. This record application count underscores robust investor interest and highlights the growing significance of India's capital markets in major public offerings.
Source:
The Hindu (Industry): https://www.thehindu.com/business/Industry/world-record-jio-platforms-ipo-becomes-first-ever-issue-globally-to-receive-over-1-crore-applications/article71615130.ece
