Jio Platforms Limited’s IPO has created many records in its 3-day subscription period. It has become the fastest mega IPO to be fully subscribed and also the first IPO to receive more than 1 crore applications worldwide. According to NSE data on the third day of the issue, this IPO was subscribed a total of 22.19 times. Investors placed bids for more than 438 crore shares against the 19.75 crore shares on offer. Highest demand from institutional investors, retail share filled 2.72 times Qualified Institutional Buyers (QIBs) i.e. big investors showed the most interest in this IPO. Their reserve share was subscribed 70.55 times, with bids received for more than 345.75 crore shares against the 4.9 crore reserve shares. The share of non-institutional investors (NIIs) was filled 14 times, where 51.03 crore shares were bid against 3.64 crore shares. In the Retail Individual Investors (RII) category, bids came for 23.11 crore shares against the reserve of 8.5 crore shares, making this portion subscribed 2.72 times. 7 big records of Jio Platforms IPO 1. Record public subscription bids Total share demand for Jio Platforms IPO including anchor book was ₹7.4 lakh crore. Bids worth more than ₹4.9 lakh crore were received from the public subscription category. Based on data, it has become India’s largest IPO in terms of value of bids received outside the anchor book, surpassing the record of LG Electronics India’s 2025 IPO. Apart from this, anchor investors received demand of about ₹ 2.5 lakh crore against the shares worth ₹ 8,110 crore allotted in the anchor book. 2. World’s first IPO to cross 1 crore applications Jio Platforms has become the first IPO in the history of the global stock market, which has received 10 million i.e. more than 1 crore individual investor applications. Earlier this record was in the name of Vaari Energies, which had received about 97.3 lakh applications. 3. Largest IPO in Indian corporate history With an issue size of ₹30,213 crore, Jio Platforms’ IPO has become the largest equity offering in the history of India. Earlier this record was held in the name of Hyundai Motor India. 4. Largest IPO with entirely fresh shares The entire ₹30,213 crore issue was made up of 27 crore new fresh shares. Unlike an Offer for Sale (OFS) IPO, parent company Reliance Industries or strategic investors Meta and Google have not sold any stake in it. 5. The fastest fully subscribed mega IPO, the issue was fully subscribed in less than 100 minutes of opening on the very first day. Earlier, Indian IPOs worth more than ₹15,000 crore usually took 2 to 3 days to be fully filled. 6. First IPO to extend bidding hours To handle the heavy application volume, BSE and NSE increased the daily bidding hours for this IPO. The bidding window, which normally runs from 10 am to 5 pm, was extended from 9 am to 7 pm for this issue. 7. Highest initial market valuation for a newly listed company At the upper price band of ₹1,119 per share, Jio Platforms’ post-listing market capitalization is estimated to be around ₹10.3 lakh crore. On the very first day of trading it will be included in the top 4 or 5 most valuable listed companies of India. What is fresh issue and offer for sale? Fresh Issue: In this the company raises funds from the market by issuing new shares and this money goes directly into the business expansion of the company. Offer for Sale (OFS): In this, the existing promoters or investors of the company exit by selling their shares or collect profits, the company does not get the money for this. Also read this news… JIO is the world’s first IPO to cross 1-crore applications: 21 times the bids received, can get returns of more than 20%. The country’s biggest IPO is the last day of subscription for Jio platforms today, October 23. This IPO is filled 21 times. The institutional investors’ quota has been subscribed 67 times and the retail portion 2.7 times. It has also become the world’s first IPO to cross 1 crore applications. Earlier this record was in the name of Vaari Energies, whose IPO had received about 97 lakh applications. Read the full news…
Source link
[ad_3]
Jio IPO made 7 records in 3 days: World’s first IPO to cross 1-crore applications, became the country’s largest issue
