Jio Platforms’ ₹30,213-crore initial public offering (IPO) closes with demand far exceeding the shares on offer, and the company is expected to join the group of founder-led firms valued above $100 billion at IPO. Across reports, the IPO is described as being fully subscribed within about 100 minutes of opening, with roughly 1.3–1.4 crore applications and multi-category bids coming from institutional investors, HNIs, retail investors, employees and Reliance shareholders.
The outlets also highlight the IPO’s scale and market expectations ahead of its listing date. One report frames the deal as India’s largest-ever IPO, citing subscription multiples around 22x and pointing to a grey market premium that suggests potential listing gains—while noting that such indicators are unofficial and not guaranteed. Another report emphasises the implied valuation at the offer price (about ₹10.3 lakh crore) and the possibility of Jio Platforms ranking among India’s largest listed companies by market capitalisation, which could also lift Reliance Group India’s standing by combined market value.
