Jio Platforms' upcoming ₹30,213 crore IPO has attracted preliminary institutional investor interest worth around ₹2.5 lakh crore — over eight times the issue size — according to sources reported on October 17, 2026. The figure, an early indication of appetite rather than confirmed bids, points to one of the strongest demand books in startup funding in India's public-market history.
Global funds, Indian mutual funds and insurance companies are reportedly among those interested in the offering. The IPO, scheduled to open for subscription on October 21 and close on October 23, has a price band of ₹1,065–1,119 per share. Anchor investor bidding takes place on October 19, with listing tentatively scheduled for October 28.
Startup funding in India: the IPO pipeline's biggest test
Jio Platforms — 66.43% owned by Reliance Industries, with Meta Platforms holding 9.98% and Google International 7.73% — has drawn a grey market premium of around ₹221 (19.75%), with the GMP trending upward. The IPO comprises a fresh issue of up to 27 crore equity shares, with earmarked quotas of ₹500 crore for eligible employees and ₹2,500 crore for eligible Reliance Industries shareholders.
The anchor book on October 19 will offer the first hard read on how much of the preliminary ₹2.5 lakh crore interest converts into formal allocations — and set the tone for India's entire late-stage exit market.
Why it matters for founders
A blowout Jio IPO would reopen the late-stage exit window and validate India's digital-economy valuations — directly affecting the next crop of startup IPO aspirants. Watch the anchor book on October 19.