The Jio IPO attracted ₹4.9 lakh crore in public bids and more than 1.38 crore applications for an offering valued at ₹30,188 crore. The three-day sale closed on October 23, 2026, with investors seeking 22.19 times the shares available in the public portion.

Key Takeaways

  • The final issue value surpassed Hyundai Motor India’s ₹27,870 crore IPO in 2024.
  • The offering comprised 27 crore new shares, with no sales by existing shareholders.
  • Jio plans to use up to ₹27,500 crore of the proceeds to repay or prepay subsidiary borrowings.

Jio IPO demand and allocation

Investors bid for 438.26 crore shares against 19.75 crore available in the public portion. The offering was fully subscribed within 100 minutes of opening on October 21.

Public bids totaled ₹4,90,415 crore. Separately, the anchor book attracted ₹2.5 lakh crore in interest, with ₹8,110 crore ultimately allocated to 212 investor accounts and schemes. The combined ₹7.4 lakh crore demand figure includes unsuccessful bids and anchor expressions of interest; it is not the amount raised.

ItemDetails
Qualified institutional buyers70.55 times subscribed
Retail investors2.72 times subscribed
Reliance shareholder category7.60 times subscribed
Small non-institutional investors10.22 times subscribed
Large non-institutional investors15.89 times subscribed

Issue size and planned use of proceeds

The final ₹30,188 crore issue value accounted for an employee discount. The headline offer size was ₹30,213 crore at the upper price band of ₹1,119 per share.

All 27 crore shares were newly issued, rather than sold by existing holders. Jio plans to use up to ₹27,500 crore to repay or prepay borrowings at Reliance Jio Infocomm, with the balance allocated to general corporate purposes.

Jio’s draft offer document was filed with India’s securities regulator on June 19, 2026.

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