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Jio Platforms IPO: Ambani's offering more than 10 times oversubscribed

CNA · Published on October 23, 2026

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Investor demand for India's biggest-ever IPO is showing no signs of slowing. Subscriptions for Jio Platforms' US$3.2 billion offering surged to more than 10 times what was available on the final day. This means investors have put in bids worth more than US$24 billion. Jio is controlled by Indian billionaire Mukesh Ambani and its mobile network serves more than 500 million users. Neha Poonia reports from New Delhi.

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