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Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding Expectations

Neha GuptaSource: thehindubusinessline.com

Wednesday, October 21, 2026Updated 4d ago

Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding ExpectationsSource: thehindubusinessline.com

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Jio Platforms' initial public offering (IPO) has seen strong demand, with bids for 25.02 crore shares against 19.75 crore shares offered. The qualified institutional buyers portion was subscribed 3.86 times, while the retail individual investor category was subscribed 0.33 times. The IPO aims to raise up to ₹30,213 crore through a fresh issue of 27 crore equity shares priced between ₹1,065 and ₹1,119 per share.

Swiggy’s quick-commerce platform Instamart reported a widening loss of ₹895 crore for the July-September quarter, despite a 34.8 percent jump in order value to ₹6,594 crore. In contrast, rival Blinkit posted a profit of ₹184 crore with more than triple the order value and a store network twice the size. To narrow this gap and boost profitability, Swiggy is shifting to an inventory-owning model and introducing private label brands.

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Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding Expectations

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