World record: Jio Platforms IPO becomes first ever issue globally to receive over 1 crore applications
Jio Platforms' IPO has set a global record by receiving over 10 million applications, surpassing previous benchmarks. The offering was fully subscribed within 100 minutes, reflecting strong investor interest in the Indian telecom giant.
Why it matters
The record-breaking subscription highlights the massive scale of retail investor participation in the Indian capital markets.
World record: Jio Platforms IPO becomes first ever issue globally to receive over 1 crore applications left Image used for representation purpose only. Reuters Reuters https://th-i.thgim.com/public/incoming/fhggww/article71615241.ece/alternates/FREE_1200/2026-10-15T150439Z_1134414107_RC293OAPBDDP_RTRMADP_3_RELIANCE-JIO-IPO.JPG Ashish Vaishnav A security officer uses his mobile phone with the Jio logo in the background, during a Jio Platforms Ltd. IPO press conference in Mumbai, India, October 15, 2026. REUTERS/Ashish Vaishnav Bidding for the $3.2 billion issue continues, with the IPO subscribed nearly 7 times and investors bidding for over 147 crore shares against 19.75 crores offered Jio Platforms Ltd’s initial public offering crossed another threshold on its closing day as the IPO became the first issue globally to receive over 1 crore applications. This surpasses the earlier global record of Waaree Energies, who received 97 lakh applications.
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