Jio IPO Subscription Status: Anchor Bidding Opens Today Ahead of ₹30,213 Crore Public Issue on October 21
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Jio IPO subscription status is in focus on Monday, October 19, as Jio Platforms opens its anchor investor book ahead of the ₹30,213-crore public issue. Live public subscription has not started yet, with bidding for QIBs, NIIs, retail investors, Reliance Industries shareholders and employees set to open on October 21 and close on October 23.
The Reliance Industries digital and telecom arm is offering up to 27 crore fresh shares with no OFS. At ₹30,213 crore, the Jio IPO is set to become India's largest public issue, surpassing Hyundai Motor India's ₹27,858.75-crore IPO in 2024.
Jio IPO Subscription Status
Jio IPO subscription status is in focus on Monday, October 19, as Jio Platforms opens its anchor investor book ahead of the ₹30,213-crore public issue. Live public bidding has not started yet. The IPO will open for subscription on Wednesday, October 21, and close on Friday, October 23.
October 19 is reserved for anchor investor bidding ahead of the three-day public subscription window
** Day ** | ** QIB ** | ** Retail ** | ** NII ** | ** Shareholder ** | ** Employee ** | ** Total ** |
|---|---|---|---|---|---|---|
Day 1 – Oct 21 | -- | -- | -- | -- | -- | -- |
Day 2 – Oct 22 | -- | -- | -- | -- | -- | -- |
Day 3 – Oct 23 | -- | -- | -- | -- | -- | -- |
Jio IPO Bidding Details
The IPO consists entirely of a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. At the upper end of the price band, the offer is worth ₹30,213 crore. There is no OFS, so existing shareholders are not selling shares through the IPO.
** Particulars ** | ** Details ** |
|---|---|
IPO Size | Up to ₹30,213 crore |
Fresh Issue | Up to 27 crore shares |
Offer for Sale | Nil |
Price Band | ₹1,065–₹1,119 |
Lot Size | 12 shares |
Bids Received | -- |
Overall Subscription | -- |
Jio IPO Subscription Rate
The subscription book will be tracked across the main investor categories once public bidding begins on October 21. The issue will remain open for three days through October 23.
** Category ** | ** Subscription Rate ** |
|---|---|
Qualified Institutional Buyers (QIB) | -- |
Non-Institutional Investors (NII) | -- |
Retail Investors | -- |
Reliance Industries Shareholders | -- |
Employees | -- |
Total | -- |
Jio IPO Could Become India's Biggest Public Issue
At up to ₹30,213 crore, the Jio IPO is set to establish a new record for the Indian primary market. The issue is larger than Hyundai Motor India's ₹27,858.75-crore IPO in 2024 and will bring one of Reliance Industries' biggest consumer businesses directly to the stock market.
The offer is also entirely a fresh issue, with Jio Platforms looking to raise new capital rather than provide an exit through an OFS. At the top of the ₹1,065–₹1,119 price band, the IPO is expected to value Jio Platforms at around $108 billion, putting the company among India's largest listed businesses after its market debut.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.
Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.
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