📷 Image: Wikimedia Commons / NiiteshPattiil
Business
Last Day to Subscribe to Jio IPO as Bids Exceed Sixfold, Expected Returns Over 20%
✍️ Bhaskar English
🗓 23 Oct 2026, 02:36 PM
👁 9
Investors have until today to apply for Reliance Jio's initial public offering, with demand already more than six times the shares on offer and projected returns above 20%.
Reliance Industries' telecommunications arm, Jio, has set today as the final day for investors to subscribe to its highly anticipated initial public offering. The IPO, which opened on May 8, offers a total of 2.5 billion shares, representing a 2.5% stake in the company.
According to the registrar, the subscription window has already attracted bids amounting to more than six times the total issue size. Analysts estimate that the oversubscription could translate into investor returns exceeding 20% once the shares begin trading on the stock exchanges.
Market watchers note that the strong demand reflects confidence in Jio's growth trajectory in India's digital services sector. The shares are slated to debut on the NSE and BSE later this month, and the final pricing will be determined based on the level of demand recorded during the subscription period.
According to the registrar, the subscription window has already attracted bids amounting to more than six times the total issue size. Analysts estimate that the oversubscription could translate into investor returns exceeding 20% once the shares begin trading on the stock exchanges.
Market watchers note that the strong demand reflects confidence in Jio's growth trajectory in India's digital services sector. The shares are slated to debut on the NSE and BSE later this month, and the final pricing will be determined based on the level of demand recorded during the subscription period.