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Topic 193 · Economy, Budget & Banking

Jio Platforms Rs 30,213 crore IPO

10 MCQs · tap an option to check it · All answers

Revise the 12 points first Book 1 RATNA
  1. Core Trigger: Jio Platforms' roughly Rs 30,213 crore IPO opened on 21 October 2026, with bidding closing on 23 October.
  2. Price Band: The price band was Rs 1,065-1,119 per share, with a lot of 12 shares.
  3. Promoter: Jio Platforms is a subsidiary of Reliance Industries, whose chairman is Mukesh Ambani.
  4. Speed Record: Reports say the issue was fully subscribed within about 100 minutes, the fastest for an Indian mega issue.
  5. Timeline: Allotment was expected on 26 October and listing tentatively on 28 October 2026; final subscription multiples are not confirmed.
  6. Stakeholders: Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Goldman Sachs and JP Morgan are among the lead managers; KFin Technologies is registrar.
  7. India Link: Reports call it a record public issue for India's capital market.
  8. Venue: The shares are to list on the NSE and BSE, both in Mumbai; SEBI is also headquartered in Mumbai.
  9. Founded: SEBI was set up in 1988 and given statutory status by the SEBI Act, 1992.
  10. Landmark: In Sahara India Real Estate v SEBI (2012) the Supreme Court upheld SEBI's power over public issues by unlisted companies.
  11. Statute: The SEBI Act, 1992 and the SEBI (ICDR) Regulations, 2018 govern IPOs; the Companies Act, 2013 governs prospectuses.
  12. Definition: In book building, price is discovered within a band; portions are reserved for QIBs, non-institutional and retail investors.
Question 1 of 10

Bidding for the Jio Platforms IPO, which opened on 21 October 2026, closed on which date?

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Answer: (D) 23 October

Core Trigger: Jio Platforms' roughly Rs 30,213 crore IPO opened on 21 October 2026, with bidding closing on 23 October.From Book 1 RATNA, topic 193, point 1

Question 2 of 10

The Jio Platforms IPO had a lot size of how many shares?

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Answer: (D) 12

Price Band: The price band was Rs 1,065-1,119 per share, with a lot of 12 shares.From Book 1 RATNA, topic 193, point 2

Question 3 of 10

Jio Platforms is a subsidiary of which company?

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Answer: (B) Reliance Industries

Promoter: Jio Platforms is a subsidiary of Reliance Industries, whose chairman is Mukesh Ambani.From Book 1 RATNA, topic 193, point 3

Question 4 of 10

Reports say the issue was fully subscribed within about how long?

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Answer: (B) 100 minutes

Speed Record: Reports say the issue was fully subscribed within about 100 minutes, the fastest for an Indian mega issue.From Book 1 RATNA, topic 193, point 4

Question 5 of 10

Listing of the shares was tentatively expected on which date?

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Answer: (A) 28 October 2026

Timeline: Allotment was expected on 26 October and listing tentatively on 28 October 2026; final subscription multiples are not confirmed.From Book 1 RATNA, topic 193, point 5

Question 6 of 10

Which firm is the registrar to the Jio Platforms IPO?

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Answer: (C) KFin Technologies

Stakeholders: Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Goldman Sachs and JP Morgan are among the lead managers; KFin Technologies is registrar.From Book 1 RATNA, topic 193, point 6

Question 7 of 10

On which stock exchanges are the shares to list?

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Answer: (D) NSE and BSE

Venue: The shares are to list on the NSE and BSE, both in Mumbai; SEBI is also headquartered in Mumbai.From Book 1 RATNA, topic 193, point 8

Question 8 of 10

SEBI gained statutory status through the SEBI Act of which year?

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Answer: (A) 1992

Founded: SEBI was set up in 1988 and given statutory status by the SEBI Act, 1992.From Book 1 RATNA, topic 193, point 9

Question 9 of 10

In Sahara India Real Estate v SEBI (2012), SEBI's power over public issues by whom was upheld?

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Answer: (B) Unlisted companies

Landmark: In Sahara India Real Estate v SEBI (2012) the Supreme Court upheld SEBI's power over public issues by unlisted companies.From Book 1 RATNA, topic 193, point 10

Question 10 of 10

Consider: 1. The SEBI (ICDR) Regulations, 2008 govern IPOs. 2. Prospectuses are governed by the Companies Act, 1956. Which is/are correct?

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Answer: (D) Neither

Statute: The SEBI Act, 1992 and the SEBI (ICDR) Regulations, 2018 govern IPOs; the Companies Act, 2013 governs prospectuses.From Book 1 RATNA, topic 193, point 11

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