The initial public offering (IPO) of Jio Platforms, which attracted strong investor enthusiasm throughout its bidding period, has set multiple new benchmarks in the country’s primary market, setting the stage for its stock market debut.
The Street is now betting that Mukesh Ambani’s first IPO in 20 years could also make history on listing day by surpassing the debut records of other big-ticket IPOs.
Jio Platforms has become the biggest-ever IPO in the Indian stock market, with an issue size of ₹30,188 crore, surpassing Hyundai Motor India’s ₹27,858-crore offering, which comprised entirely an offer for sale (OFS).
The issue, which closed on Friday, October 23, attracted bids worth ₹4.72 lakh crore, making it a major test of investor appetite for large listings at a time when AI-linked stocks are facing increased scrutiny.
The demand also surpassed the comparable interest in LG Electronics India’s 2025 IPO. Including bids worth around ₹2.5 lakh crore for the anchor book, total demand for Jio Platforms’ IPO reached approximately ₹7.4 lakh crore.