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Business
Jio Platforms IPO shatters record with over 1 crore applications worldwide
✍️ The Times of India
🗓 24 Oct 2026, 08:49 AM
👁 19
Jio Platforms' initial public offering has attracted more than 10 million applications, making it the first IPO worldwide to cross the 1‑crore mark, according to a Times of India report.
Reliance Industries' digital arm Jio Platforms launched its initial public offering and received more than 10 million applications, becoming the first IPO globally to exceed the 1‑crore (10 million) application threshold, the Times of India reported.
The subscription window, which spanned several days, drew both retail and institutional investors, and the volume of applications far outstripped previous records for public offerings worldwide.
Analysts say the extraordinary demand underscores strong investor confidence in Jio's business model and signals a robust appetite for large‑scale listings in India's capital markets.
The subscription window, which spanned several days, drew both retail and institutional investors, and the volume of applications far outstripped previous records for public offerings worldwide.
Analysts say the extraordinary demand underscores strong investor confidence in Jio's business model and signals a robust appetite for large‑scale listings in India's capital markets.