India's Largest IPO · Closed 23 Oct 2026

Jio's ₹30,213 cr IPO beats Hyundai as India's biggest

Entirely a fresh issue of 27 crore shares at ₹1,119, subscribed 22.19x. Listing on NSE and BSE is scheduled for 28 October.

22.19xfinal subscription

QIB

70.55x

NII

14.00x

Retail

2.72x

Price band

₹1,065–1,119

Issue size

₹30,213 cr

Lot size

12 sh · ₹13,428

Structure

100% fresh, no OFS

Anchor book

₹8,110 cr · 212 inv.

Anchor demand

₹2.5 lakh cr · 30x+

Valuation at top end

~₹10.3 lakh cr

P/E on FY26 earnings

~33.3x

Debt repayment

Up to ₹27,500 cr

Reliance stake

66.43%

Key dates

19 Oct

Anchor allotment

21 Oct

Issue opens

23 Oct

Issue closes

26 Oct

Basis of allotment

28 Oct

Listing, NSE and BSE

Issue size, ₹ crore

Jio ranks first among the ten largest issues listed here.

Final subscription, times

Only LG Electronics drew more demand than Jio, at 38.03x.

India's 10 biggest IPOs

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10x or more 3x to 10x under 3x

Notes. Jio figures are as reported on 23–24 Oct 2026. Final subscription is the 7 PM close and differs slightly by source (21.33x to 22.19x). Jio's listing date is scheduled, not yet confirmed by trading. Ranking is by issue amount among the issues in this table. Sources: Jio Platforms RHP and DRHP coverage, Chittorgarh, IPO Watch, SMC, HDFC Sky, IPO Guru, Business Today, YourStory, Outlook Business.