With reference to the Jio Platforms IPO, consider the following statements: 1. The overall subscription for the IPO was 10 times. 2. The QIB portion was subscribed 100 times by October 23. 3. The IPO was launched with a total size of Rs 30,213 crore. Which of the statements given above is/are correct?

Jio Platforms IPO hits 22.19x subscription, surpassing Hyundai Motor India at Rs 30,213 crore

GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims· 24 October 2026

Capital Markets and corporate financing: a GS3 case study on mobilizing domestic capital for industrial growth.

Why in news

Jio Platforms launched India's largest IPO at Rs 30,213 crore, surpassing Hyundai Motor India's previous record and achieving a 22.19x subscription.

Background

Jio Platforms received nearly 1.4 crore applications and was fully subscribed within 100 minutes. The QIB portion was subscribed 70.55 times by October 23, with Reliance Industries shareholders bidding over Rs 18,800 crore.

Facts for Prelims

FactJio Platforms IPO size: Rs 30,213 crore
FactOverall subscription: 22.19 times
FactQIB portion subscription: 70.55 times
FactReliance Industries shareholder bids: over Rs 18,800 crore

Prelims practice question

With reference to the Jio Platforms IPO, consider the following statements:

The overall subscription for the IPO was 10 times.
The QIB portion was subscribed 100 times by October 23.
The IPO was launched with a total size of Rs 30,213 crore.

Which of the statements given above is/are correct?

(a)3 only
(b)1 and 2 only
(c)1 and 3 only
(d)1, 2 and 3

Show answer

Answer: (a) 3 only — Statement 3 is correct. Statement 1 is incorrect: The overall subscription was 22.19 times. Statement 2 is incorrect: The QIB portion was subscribed 70.55 times.

For Mains

Q. Analyze the significance of large-scale corporate IPOs in mobilizing domestic capital and their role in India's industrial growth.

Dimensions to cover in your answer

Capital mobilization: Shift from debt-heavy financing to equity-based funding for infrastructure
Market liquidity: Impact of high-demand IPOs on retail and institutional investor sentiment
Corporate governance: Transparency in use of proceeds for debt repayment vs. expansion

Keywords: Capital Markets · IPO Subscription · Institutional Investors · Corporate Financing · Liquidity

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