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Business & Stocks Livemint Markets & Economy • Oct 23, 2026

Reliance Jio IPO Secures Rs 7.4 Lakh Crore in Bids With 22.19x Subscription: Allotment Scheduled for October 26

💡 Key Takeaways

•Reliance Jio Platforms IPO closed with an overall subscription of 22.19 times, drawing Rs 7.4 lakh crore in bids.
•Share allotment is scheduled for October 26, with refunds and demat credits on October 27.
•Listing on the NSE and BSE is slated for October 28, surpassing Hyundai Motor India's 2024 issue as India's largest offering.

NEW DELHI [NCRBuzz Wire] — ### Record-Breaking Market Offering and Subscription

NEW DELHI [NCRBuzz Wire] — Reliance Jio Platforms’ initial public offering concluded with an overall subscription of 22.19 times, driven by institutional demand reaching 70.55 times and drawing bids totaling Rs 7.4 lakh crore. The offering crossed 1.38 crore applications, establishing a record for India's largest-ever market offering, surpassing Hyundai Motor India's 2024 public issue.

### Allotment Schedule and Next Steps

The focus has now shifted to the share allotment, which is officially scheduled for October 26. Following the allotment finalization, refunds and demat credit transfers are due on October 27. The formal listing and trading debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is slated for October 28. Investors can verify their allotment status online through Kfin Technologies, BSE, or NSE portals using their PAN details.

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🏛️ Background Context

India's capital markets have experienced unprecedented retail and institutional participation in recent years, with mega-IPOs frequently breaking historical records for valuation, application volumes, and subscription multiples under strict regulatory oversight by SEBI.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was the final subscription multiple for the Reliance Jio IPO?

The Reliance Jio IPO closed with an overall subscription of 22.19 times.

Q2: Which category drove the highest demand during the bidding process?

Institutional investor demand led the offering, reaching 70.55 times.

Q3: How does this IPO compare to previous market records?

It surpasses Hyundai Motor India's 2024 public issue, establishing itself as India's biggest-ever offering.

Verified Wires: Livemint Markets & Economy, Google News Business Original Wire Dispatch ↗

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