Jio’s Record IPO Draws Strong Demand, Defying India Market Rout

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Rajesh Mascarenhas October 23, 2026 at 12:03 PM UTC Takeaways by Bloomberg AI Jio Platforms Ltd. ’s $3.1 billion initial public offering drew strong demand, particularly from institutional investors, as the country’s biggest-ever share sale defied the drag of a weeklong selloff in Indian equities. The offering was subscribed nearly 20 times as bidding closed on Friday, with qualified institutional buyers leading demand. They bid for 61 times the shares reserved for them, according to data on BSE Ltd.’s website . The non-institutional category, which includes wealthy investors, was subscribed 14 times, while the retail portion was covered 2.7 times.