Jio platforms IPO creates history: First IPO to cross 1 crore applications and counting, bidding open till 7 PM today

Mumbai(The Uttam Hindu): Jio Platforms’ Initial Public Offering (IPO) has achieved a historic milestone by crossing 1 crore applications, becoming the first IPO globally to reach this landmark, with five hours remaining before the issue closes at 7 PM today.

The unprecedented response reflects strong investor interest in Jio Platforms and marks a significant moment in India’s capital market history. The milestone also underscores the growing participation of retail investors in the country’s investment ecosystem.

With this achievement, Jio Platforms has surpassed the previously reported global record of approximately 97 lakh applications received by Waaree Energies. Other major Indian IPOs, including Bajaj Housing Finance and BCCL, had also attracted substantial investor interest, with approximately 90 lakh applications each.

The record-breaking response reflects the growing confidence of Indian investors in opportunities to participate in wealth creation through the equity markets. It also carries forward the legacy of Shri Dhirubhai Ambani and the vision of Shri Mukesh Ambani to democratise wealth creation and empower millions of Indians through greater participation in India’s growth story.

With bidding continuing until 7 PM today, the final application count is expected to be closely watched, with the possibility of setting an even higher benchmark for IPO participation globally.

Key Highlights

Historic milestone: Jio Platforms IPO crosses 1 crore applications.

Global first: Becomes the first IPO globally to cross the 1 crore application mark.

New benchmark: Surpasses the previously reported record of approximately 97 lakh applications received by Waaree Energies.

Strong investor participation: Reflects significant interest in Jio Platforms among Indian investors.

Bidding deadline: The IPO remains open for applications until 7 PM today, with the final count yet to be determined.