IPO Today 21 Oct: Jio 1.27x on Day 1, HD Fire Lists +24%
Wednesday, 21 October 2026 was the busiest primary-market day of the month: India's largest-ever IPO from Jio Platforms opened for bidding and was fully subscribed within ~100 minutes of the open, Paras Healthcare's ₹1,450 crore issue opened alongside it, and HD Fire Protect listed at a strong 24% premium. Here is the midday subscription snapshot, the listing action, and what matters next.
Jio Platforms IPO Day 1: fully subscribed by 11:30 AM
Jio's ₹30,213 crore issue — 27 crore fresh shares at ₹1,065–1,119 — raced through the opening session. As of ~11:30 AM, bids stood at 25.02 crore shares against 19.75 crore on offer (1.27x), with 13.56 lakh applications, per NSE cumulative data.
| Category | Subscribed |
|---|---|
| QIB (ex-anchor) | 3.86x |
| NII | 0.42x (sNII 0.54x / bNII 0.34x) |
| Retail (RII) | 0.33x |
| Employee reservation | 0.78x |
| RIL shareholder reservation | 0.62x |
| Overall | 1.27x |
The anchor book on 19 October had already drawn ~₹2.5 lakh crore of demand (30x+) for the ₹8,109.85 crore anchor portion, with 212 investors allotted at the upper band of ₹1,119. Grey market premium was last reported at ₹270–280 (~25%) — unofficial, implying an estimated listing near ₹1,399. The issue closes Friday, 23 October, with allotment on 26 October and listing on 28 October.
For context on the structure and how to apply, see our Jio IPO preview and how-to-apply guide.
Paras Healthcare IPO Day 1: slow start
The ₹1,450 crore hospital-chain IPO (₹660–693 band, 21-share lot, min ₹14,553) opened quietly. As of ~10:12 AM, the total subscription stood at ~0.02x, with the retail portion at 0.09x and NII barely off the mark — typical of a mainboard issue competing for attention on a mega-issue day. The company had raised ₹652.5 crore from anchor investors on 19 October (ADIA, BlackRock Global Funds, Eastspring, Government Pension Fund Global, Natixis, Citigroup Global, among others).
GMP for Paras was last reported at ₹50–60 (~7–8.7%) — unofficial, implying an estimated listing near ₹743–745. Close date: 23 October; allotment 26 October; listing 28 October. Full issue breakdown: Paras Healthcare IPO price band, dates & review.
HD Fire Protect lists at ~24% premium
HD Fire Protect debuted on the exchanges with a strong opening:
| Detail | Value |
|---|---|
| Issue price | ₹271 (pure OFS, ₹712 cr) |
| NSE listing price | ₹335 (+23.62%) |
| BSE listing price | ₹334.40 (+23.39%) |
| Final subscription | 131.70x (QIB 256.65x, NII 203.21x, retail 30.49x) |
| Post-listing mcap | ~₹5,284 cr (NSE) |
The stock pared gains in early trade, slipping to ~₹306.75 on the NSE (~13% above issue price) by mid-morning. An allotted retail lot of 55 shares gained ~₹3,520 at the listing price. Read our listing-day preview and final subscription report for more.
Also on the IPO calendar
- Tonbo Imaging — basis of allotment finalised today (135.90x); check the Tonbo allotment status guide.
- Vaibhav Vyapaar — the SME IPO also debuted on NSE Emerge today.
- 5 closed IPOs (Tonbo, Bonfiglioli, Zetwerk, Sahajanand Medical, Shellz India) — all list on 23 October after today's allotments.
- EAAA India Alternatives opens 26 October; BLS Polymers and SFC Environmental Technologies open 27 October.
FAQs
Is the Jio IPO fully subscribed on Day 1?
Yes — the issue crossed 1x within roughly 100 minutes of opening on 21 October, standing at 1.27x overall as of ~11:30 AM, led by QIBs at 3.86x.
What is the Jio IPO listing date?
28 October 2026 (tentative), after bidding closes 23 October and allotment on 26 October.
What is the Jio IPO GMP today?
Unofficial grey market trackers quote ₹270–280 (~25% over the ₹1,119 upper band). GMP is unofficial and changes frequently.
Should I apply for Paras Healthcare IPO?
The issue opened slowly (~0.02x by mid-morning) with GMP ~7–8% (unofficial) suggesting a modest listing. Note the high ~171x P/E flagged in its RHP peer comparison; investors should read the prospectus and do their own diligence.
At what price did HD Fire Protect list?
₹335 on the NSE (+23.62%) and ₹334.40 on the BSE (+23.39%) against the ₹271 issue price; it gave up part of the gains in early trade.
Conclusion
Day 1 of the Jio mega-issue delivered the institutional frenzy everyone expected — 1.27x in hours, led by QIBs — while Paras Healthcare started quietly and HD Fire Protect gave allottees a solid 24% listing pop. With the issue open till Friday, the retail and HNI books are the ones to watch next.