Jio Platforms' ₹30,213 Cr IPO subscribed 58% on Day 1 as QIB quota fills in minutes

Jio Platforms' ₹30,213 Cr IPO was 58% subscribed on its first day, with the QIB portion booked 1.95x within minutes of opening. Priced at ₹1,065–₹1,119 per share, the issue closes October 23 and is set to become India's largest IPO. Most proceeds will repay debt at Reliance Jio Infocomm.

• QIB quota subscribed 1.95x; retail at 10% and NII at 12%
• Price band ₹1,065–₹1,119 implies a valuation of about $108 Bn
• ₹27,500 Cr of proceeds earmarked to prepay Reliance Jio Infocomm debt
• Jio Platforms FY26 revenue rose 15% YoY to ₹1.47 Lakh Cr