Jio Platforms IPO draws over 1 crore applications on ₹30,213 Cr issue
The issue is the first public offer in the world to cross that level, The Economic Times reported.
The 30-second read
- Jio Platforms' IPO has crossed 1 crore applications, a first for any public issue globally.
- The issue is ₹30,213 crore, India's largest IPO. Bidding closed on October 23.
- Listing is expected on October 28. The earlier Indian record was around 97.34 lakh applications.
The Jio Platforms IPO has received more than 1 crore applications, first reported by The Economic Times. The paper says no public issue anywhere in the world has reached this level before.
The offer is worth ₹30,213 crore and is India's largest IPO. Bidding closed on October 23. The shares are expected to list on October 28.
The previous Indian high was set by Waaree Energies, with around 97.34 lakh applications. Bharat Coking Coal drew approximately 90.31 lakh. Jio is positioned beyond telecom, with a presence in connectivity, digital services, AI and enterprise technology.
An application does not guarantee allotment or returns. Investors should consult a SEBI-registered adviser.
Why it matters
The record shows how much India's retail investor base has grown, and ordinary investors can apply to very large issues. Allotment is still not guaranteed.
The data
| IPO | Applications |
|---|---|
| Jio Platforms | More than 1 crore |
| Waaree Energies | Around 97.34 lakh |
| Bharat Coking Coal | Approximately 90.31 lakh |