Jio Platforms IPO Live Updates: Nikhil Kamath expects strong listing, says demand outstrips supply

By CNBCTV18.com October 21, 2026, 12:25:02 PM IST (Updated)

Jio Platforms IPO Live Updates: The most significant IPO in Indian history has actually set another record, ending up being the fastest-ever totally subscribed Mega IPO. The concern was completely subscribed within 100 minutes of opening, while the QIB part was completely subscribed within the very first 10 minutes, the part has actually been subscribed by almost 4 times now.

Jio Platforms Ltd. had actually currently made sounds with the sort of need its anchor book had actually gotten. The 30,213 crore problem easily exceeded Hyundai Motor India’s 27,870 crore IPO in 2024 to now end up being the nation’s biggest till date. Jio Platforms has actually currently raised 8,110 crore through anchor financiers. BlackRock, Capital Group, Fidelity Investments, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson, and numerous other shared funds and organizations belonged to the anchor book. The IPO is a simply fresh concern of shares and does not include any Offer For Sale (OFS) element. The majority of the profits will be utilized to pare down financial obligation. At the upper end of the rate band, the business will have a market capitalization of 10.3 lakh crore. Cost band for the IPO has actually been repaired in between 1,065 to 1,119 per share. One lot of Jio Platforms will consist of 12 shares in the IPO, which indicates retail financiers will need to make a minimum financial investment of 13,428 to obtain one lot, and after that quote in multiples of 12 shares afterwards. A lot of experts have a subscribe ranking to the problem. View this area for all the LIVE updates of the Jio Platforms IPO.