Jio Platforms IPO Becomes First Public Offer to Cross 1 Crore Applications Globally: Reports

Jio Platforms’ mega IPO opened on October 21, 2026. The issue was fully subscribed within 100 minutes of bidding. The institutional demand was huge.

Now, more than 1 crore applications have been received for Jio Platforms Limited’s first public offering (IPO), setting a global record for an IPO. According to exchange data, the issue was subscribed 7.8 times, with bidding coming to an end on Friday. Having surpassed the previously reported record of around 97 lakh applications for Waaree Energies’s public issue, the IPO is the first in the world to reach the one crore application milestone, say reports.

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According to the most recent statistics from the National Stock Exchange (NSE), there were bids for around 154.62 crore shares against 19.75 crore shares set aside for the problem, demonstrating strong demand across investor categories.

The answer was spearheaded by qualified institutional buyers (QIBs), with their category being oversubscribed by 16.5 times. There were bids for approximately 81.28 crore shares for the portion, compared to 4.90 crore shares set aside for them. In the non-institutional investor (NII) segment, bids were placed for around 39.63 crore shares against 3.64 crore shares on offer, resulting in a subscription rate of 10.87 times.

Applications with bids higher than Rs. 10 lakh were subscribed 12.48 times, while applications with bids between Rs. 2 lakh and Rs. 10 lakh were subscribed 7.66 times in this category, reports ANI.

(Disclaimer: Given the input is on an information basis, please seek professional advice.)