BusinessPhoto: NDTV BusinessJio Platforms IPO Subscribed 22 Times, QIB Portion 70.55 Times
Jio Platforms, majority-owned by Reliance with a 66.4% stake, launched its IPO on October 21, 2026, aiming to raise about Rs 30,213 crore. The issue, priced between Rs 1,065-1,119 per share, closes on October 23. Investors subscribed over 5.5 times the shares, with the QIB portion subscribed 70.55 times. Proceeds will repay Reliance Jio Infocomm borrowings and fund growth. Listing is set for October 28.
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