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Jio Platforms IPO opens for subscription today: Here's why India's biggest public issue is turning heads

The initial public offering (IPO) of Jio Platforms Ltd, a digital technology and connectivity conglomerate, opens for subscription today, i.e., Wednesday, October 21. The three-day subscription window will end on October 23. Valued at up to Rs 30,213 crore, the massive public offering is structured entirely as a fresh issue of up to 27 crore shares, meaning all proceeds will go directly to fuel the companys business growth rather than provide an exit for existing stakeholders. Meanwhile, Jio Platforms' Rs 8,110-crore anchor book attracted demand exceeding 30 times the amount on offer, with aggregate institutional bids reaching around Rs 2.5 lakh crore, signalling strong investor interest ahead of the company's much-anticipated stock market debut.