Overview
- The IPO opened for public subscription on Wednesday, October 21 and was fully subscribed in about 100 minutes as large institutions placed early orders.
- Jio had already allotted roughly Rs 8,110 crore of shares to 212 anchor investors at the top of the Rs 1,065–1,119 price band before the public offer began.
- Qualified Institutional Buyers drove the rush, with multiple reports showing the QIB portion oversubscribed by several times within minutes while retail and non‑institutional categories lagged.
- The offer is a fresh issue of up to 27 crore shares that will raise cash for the company rather than existing shareholders, with up to Rs 27,500 crore planned to repay or prepay Reliance Jio Infocomm debt.
- Allotment is expected around October 26 and listing on the BSE and NSE is scheduled for October 28, a near‑term test of demand for large Indian tech and telecom listings.