Jio IPO draws six times the issue before public bidding
Jio Platforms reportedly received preliminary institutional bids worth over ₹1,90,000 cr, six times its proposed ₹30,200 cr IPO size. Reliance Industries traded at ₹1,167 on 13 Oct, with futures showing long build-up.
after close1 source ↓machine-written, see hownot a recommendation
- RELIANCE close
- ₹1,167
- On the day
- +0.67%
- Futures OI, long build-up
- +1.9%
- Put-call ratio
- 0.60
- Max pain
- ₹1,200
Jio Platforms Ltd. has attracted preliminary institutional bids worth more than ₹1,90,000 cr, or roughly six times the proposed ₹30,200 cr fund raise, before public bidding opened. The figures, reported by Bloomberg and cited by GujaratSamachar English, point to substantial early demand for what is expected to be India’s largest initial public offering. The proposed price band is ₹1,065–₹1,119 per share, with the fund raise valued at the upper end of the range.
The offering would give investors direct access to the digital and telecom business of Reliance Industries, although the preliminary bids are not the same as final subscriptions. The scale of institutional interest is relevant for the sector because it places a large valuation benchmark on India’s telecom, digital services and connectivity businesses 📱. It also makes the formal opening of the issue, allocation details and the final demand mix important for assessing whether early interest converts into confirmed orders.
OI Charts data for Reliance Industries, as of 13 Oct 2026, showed the stock at ₹1,167, up 0.7% on the day, with volume of 1,09,88,483 shares. The stock remained 7.2% lower over 20 sessions and traded near its 52-week low of ₹1,152, compared with a 52-week high of ₹1,612. In derivatives, futures open interest increased 1.9% in a long build-up, while the futures premium stood at 0.65%.
The positioning remains mixed rather than uniformly bullish. The put-call ratio was 0.6, and the ₹1,250 call strike had the largest open interest, suggesting an overhead derivatives reference point. The ₹1,160 put strike carried the largest put open interest, close to the spot price, while max pain for the 27 Oct 2026 expiry was ₹1,200. These levels provide the immediate market context as investors assess whether the proposed listing and demand data improve sentiment around the parent company ⚡.
The next milestones are the formal issue opening, the final price discovery, confirmed institutional and retail subscription figures, and the listing date. Until those details are available, the reported ₹1,90,000 cr represents preliminary demand rather than completed capital raised. The announcement follows continued investor focus on the value of large Indian digital and telecom assets.
Source: GujaratSamachar English, 14 Oct 2026
Not investment advice. For informational purposes only.