Jio IPO Day 3: India’s First Issue To Cross 1 Crore Applications

Published by

Anjali Belgaumkar

October 23, 2026

Purple Celestia TIA coin floating among smaller black and white tokens over torn blue background

Jio Platforms’ ₹30,213 crore IPO has become the first Indian public issue to attract more than 1 crore applications. By noon on Friday, the final day of bidding, it had drawn 1,00,15,118 applications, beating the 97.3 lakh received by Waaree Energies in October 2024. The issue was subscribed 6.89 times overall at that point. Qualified Institutional Buyers led demand with 14.38 times subscription, followed by Non-Institutional Investors at 9.38 times. The Reliance Industries shareholder quota was booked 5.68 times, employees 2.48 times and retail investors 2.07 times. Applications grew from about 30.5 lakh on day one to over 75 lakh by day two.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.