Market News & Updates
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22 Oct 2026
Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future.
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21 Oct 2026
Jio IPO strengthens Reliance’s financial flexibility; capex funding remains key: Moody’s
Moody’s has termed Jio Platforms’ IPO credit positive for Reliance Industries, citing debt repayment and funding flexibility. The Rs 30,200 crore issue will support investments while helping manage leverage amid elevated capital expenditure.
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21 Oct 2026
From Dhirubhai to Akash Ambani, Reliance made stocks popular with Indians
Jio Platforms’ IPO is putting the Ambani family’s relationship with India’s retail investors on a new footing, almost five decades after Dhirubhai Ambani took Reliance Textile Industries public in 1977. The Rs 30,213-crore issue was fully subscribed within two hours of opening, but Jio’s long-term success as a listed company will depend on whether it can turn its massive telecom and digital reach into sustained earnings growth and investor returns.
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21 Oct 2026
Jio IPO: Nithin Kamath explains how Jio played an important role in making what Zerodha is today
Zerodha CEO Nithin Kamath has credited Reliance Jio and Airtel with helping build India’s digital ecosystem and expand capital markets. Reflecting on Jio’s decade-long journey, Kamath said affordable data, along with Aadhaar and UPI, enabled online-first businesses like Zerodha to grow and helped drive a surge in retail investing.
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