{"id":325434,"date":"2026-10-23T14:44:44","date_gmt":"2026-10-23T09:14:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325434"},"modified":"2026-10-23T14:44:44","modified_gmt":"2026-10-23T09:14:44","slug":"reliance-jio-initial-public-offering-crosses-1-crore-applications-first-issue-worldwide-qib-retail-subscription-use-of-proceeds","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-crosses-1-crore-applications-first-issue-worldwide-qib-retail-subscription-use-of-proceeds\/","title":{"rendered":"Jio IPO Applications Cross 1 Crore: First Public Offer Worldwide to Hit the Mark as Institutional Demand Leads"},"content":{"rendered":"

Jio IPO applications have crossed 1 crore, which reports describe as the first public offer worldwide to reach that mark. The data, as of about 12:03 PM on 23 Oct 2026, showed bids for 136.32 crore shares against 19.75 crore on offer, a subscription of about 6.9 times. The count comes from unnamed sources cited by news agencies and is not an official confirmation.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Jio IPO applications crossed 1 crore on the final day of bidding for the Reliance Jio Platforms issue, according to reports citing sources. The previous mark cited in reports was about 97 lakh applications for Waaree Energies. Qualified institutional buyers bid 14.46 times their quota and retail investors 2.02 times at midday, so the large application count is driven by retail participation while institutions provide the bulk of the money. This is educational and not a recommendation to apply or avoid.<\/p>\n<\/p><\/div>\n

Jio IPO applications at this scale show how widely the issue has reached Indian households. A count above 1 crore means more people applied for this offer than the population of many countries, though many applications may come from the same family through different accounts.<\/p>\n

This article on Jio IPO applications covers the record claim, the subscription by category, the use of proceeds as reported, the allotment odds, the key dates and the points to weigh. It is educational and not a recommendation to apply or avoid.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

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