# Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues

- Source: Economic Times
- Published: 2026-10-22T00:56:00+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/ipos/fpos/jio-ipo-bids-hit-70000-crore-on-day-1-outpaces-nse-lic-gic-issues/articleshow/135103495.cms
- Canonical: https://groundlevelnews.com/story/jio-ipo-bids-hit-70-000-crore-on-day-1-outpaces-nse-lic-gic-issues-2ea1ed/

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, reflect

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