Rs 30,213 crore, 100 minutes, Rs 2.5 lakh crore: How Jio IPO broke 3 records even before listing
Economic Times 59 min ago·21 Oct 2026, 7:31 am
Reliance Industries’ Jio Platforms has made history with its initial public offering (IPO), becoming India’s largest-ever stock sale. The massive issue, worth Rs 30,213 crore, was fully subscribed in just 100 minutes, a speed that shattered previous records. This overwhelming demand highlights the immense confidence investors have in Reliance’s digital and telecom businesses. The company is now valued at approximately Rs 10.3 lakh crore at the upper end of its price band.
For investors, this landmark event signals a strong appetite for high-quality, large-cap stocks in the Indian market. The rapid subscription suggests that the IPO was priced attractively, leaving little room for retail investors to apply for shares. As the issue closes on October 23, the focus now shifts to the listing date, where the stock’s performance will be closely watched to gauge the market's reception of this mega-deal.
Excerpt from Economic Times
Reliance Industries’ Jio Platforms has set new IPO records, with its Rs 30,213 crore issue becoming India’s largest-ever public offering and getting fully subscribed within 100 minutes of opening. The IPO surpasses Hyundai Motor India’s Rs 27,870 crore issue in 2024. At the upper end of its Rs 1,065–1,119 price band,…Read the original at Economic Times
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Hyundai Motor India (HYUNDAI).
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions RELIANCE.
Why it matters
This is a high-impact development for Hyundai Motor India and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
