Jio Platforms IPO allotment will be announced late evening on October 26, followed by listing on October 28. The public issue of the telecom giant received an overwhelming response, with the issue being subscribed 22.19 times overall. The issue size was ₹30,188 crore, attracting total investor demand worth ₹7.4 lakh crore, comprising ₹4.9 lakh crore from public bids and ₹2.5 lakh crore from anchor investor placement. The IPO received bids for 438.26 crore shares against 19.75 crore shares offered, making it one of the fastest subscribed issues in India.

The Jio Platforms IPO was fully subscribed within 100 minutes of launch on Day 1, making it one of the fastest subscribed issues in India. It attracted over 1 crore applications, a rare feat for a public issue. Retail investors filed approximately 1.02 crore applications, while the NII and QIB categories received 9.66 lakh and 3,143 applicants respectively. The total number of bids amounted to 438.26 crore shares, far exceeding the 19.75 crore shares offered. This record subscription set the stage for the upcoming allotment announcement on October 26.

Back in November 1977, the IPO of Reliance Textile Industries, later renamed Reliance Industries Limited, created history with an oversubscription of seven times. The company raised approximately ₹2.82 crore from the public at ₹10 per share through 28.2 lakh shares. On listing day, the shares opened at around ₹17 to ₹18 per share, a premium of ₹7 to ₹8 per share, yielding a listing‑day gain of 70 % to 80 % for investors. Over the next five decades, the company expanded beyond textiles into oil refining, petrochemicals, retail and telecom, setting the foundation for future wealth creation.

An investment of ₹1,000 (100 shares) in the 1977 IPO would have grown into nearly ₹53 lakh by 2026. The company has announced six bonus issues since listing, with the latest 1:1 bonus announced in August 2024. These bonus issues would have turned the original 100 shares into 4,096 shares valued at approximately ₹48.74 lakh as of Friday, October 23, 2026. Additionally, in 2023, Reliance Industries demerged Jio Financial Services and listed it separately, granting one share of Jio Financial Services for every share held in Reliance Industries. Thus, investors holding 2,048 shares before the 2024 bonus would have received 2,048 shares of Jio Financial Services, worth ₹4.19 lakh as of October 23, 2026.

Reliance’s wealth‑creation journey has not been without turbulence. In 2006, a family split saw Mukesh Ambani retain Reliance Industries and its core oil, gas and petrochemical businesses, while Anil Ambani took control of power, telecom, financial and other new‑age businesses. In 2008, the shares fell over 57 % in a single calendar year due to the Global Financial Crisis and foreign institutional investor outflows from India. Between 2010 and 2016, the stock remained range‑bound, delivering flat‑to‑negative returns as investors shied away from its capital‑intensive operations. The rally resumed after 2016 with the launch of Jio in September 2016, leading to a 70 % surge in 2017.

In 2026, Reliance shares are again facing turbulence, having fallen nearly 24 % so far this year and hitting a 52‑week low of ₹1,152.2 on October 13, 2026, despite the Jio Platforms IPO announcement. The company’s core energy business is under margin pressure amid a surge in global crude oil prices, and the reintroduction of windfall tax has impacted the profitability of its exports. The wealth‑creation narrative remains a roller‑coaster, underscoring that long‑term investing can reward patient shareholders, but also exposes them to market risk. Investors are advised to conduct their own analysis and risk due diligence before trading and investing in the stock market.