Jio IPO Draws ₹2.5 Lakh Crore Investor Interest
Reliance Industries-backed Jio Platforms has reportedly attracted investment interest worth nearly ₹2.5 lakh crore ahead of its initial public offering (IPO), scheduled to open on October 21, 2026. Major sovereign wealth funds, global asset managers, Indian mutual funds and insurance companies are among the institutions seeking allocations in what is expected to become India’s largest IPO.
Jio IPO Attracts ₹2.5 Lakh Crore Investor Interest
Institutional demand has reportedly reached approximately ₹2.5 lakh crore, significantly exceeding Jio Platforms’ proposed fundraising target of around ₹30,200 crore.
The reported interest includes Singapore’s GIC, Norway’s Norges Bank Investment Management, Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority (QIA).
Indian investors reportedly seeking allocations include Life Insurance Corporation of India, SBI Mutual Fund and HDFC Mutual Fund.
International investment firms Fidelity Investments, Capital Group and BlackRock have also expressed interest.
The ₹2.5 lakh crore figure represents preliminary institutional interest rather than confirmed subscriptions.
Jio IPO Price Band and Subscription Dates
Jio Platforms has fixed its IPO price band at ₹1,065 to ₹1,119 per equity share, with plans to issue up to 27 crore new shares.
Anchor investor bidding is scheduled for October 19, while public subscriptions will remain open from October 21 to October 23.
At the upper price band, Jio Platforms could achieve a valuation exceeding ₹10 lakh crore.
The offering is expected to surpass previous Indian IPO fundraising records.
Jio’s Telecom and Digital Business Drives Demand
Jio Platforms operates across mobile connectivity, broadband, cloud computing, entertainment and enterprise digital services.
The company had approximately 53.33 crore subscribers as of June 2026, reflecting its substantial presence in India’s telecommunications market.
Proceeds from the IPO are expected to support debt repayment and general corporate requirements.
The reported institutional interest comes ahead of the formal subscription process, when actual investor commitments and demand will become clearer.
