Jio Platforms IPO Subscribed 22.19 Times on Final Day
Qualified institutional buyers bid for about 70.55 times their quota, while retail bids were about 2.72 times.
Key Takeaways
- The Jio Platforms IPO closed on October 23, 2026 at about 22.19 times subscription.
- QIBs bid about 70.55 times, NIIs about 14 times and retail investors about 2.72 times.
- The price band was Rs 1,065 to Rs 1,119 and the fresh issue is about Rs 30,213 crore.
- Allotment is expected on October 26 and listing on BSE and NSE on October 28.
Jio Platforms' initial public offering (IPO) was subscribed about 22.19 times on its final bidding day, October 23, 2026, according to exchange data reported that evening. Qualified institutional buyers (QIBs) bid for about 70.55 times their quota, while retail investors bid for about 2.72 times theirs.
The issue is a fresh issue of about 27 crore equity shares worth about Rs 30,213 crore at the top of the price band of Rs 1,065 to Rs 1,119 a share. Allotment is expected on October 26 and listing on the BSE and NSE on October 28.
Jio Platforms IPO subscription at a glance
| Detail | Jio Platforms IPO |
|---|---|
| Overall subscription | About 22.19 times |
| Qualified institutional buyers (QIB) | About 70.55 times |
| Non-institutional investors (NII) | About 14 times |
| NII, bids above Rs 10 lakh | About 15.89 times |
| NII, bids of Rs 2 lakh to Rs 10 lakh | About 10.22 times |
| Retail investors | About 2.72 times |
| Employees | About 2.93 times |
| Shareholders | About 7.60 times |
| Issue size | About Rs 30,213 crore, all fresh issue |
| Price band | Rs 1,065 to Rs 1,119 per share |
| Valuation at the top of the band | About Rs 10.3 lakh crore |
How institutions, wealthy investors and retail bid differently
The gap between categories was wide. Institutional buyers bid for roughly 70 times the shares set aside for them, and non-institutional investors, who bid for more than Rs 2 lakh, put in about 14 times their quota. Retail investors, who bid for up to Rs 2 lakh, took about 2.72 times their portion.
The public offer had about 19.75 crore shares open for bidding. The rest of the 27 crore shares went to anchor investors before the issue opened.
What anchor investors put into the Jio Platforms IPO before it opened
Anchor investors took about 7.25 crore shares at Rs 1,119 each, which brought in about Rs 8,110 crore before the public issue opened on October 21. The offer is a fresh issue only, so there is no offer for sale by existing shareholders.
| When | What happened |
|---|---|
| October 21, 2026 | Bidding opened |
| October 23, 2026 | Bidding closed with about 22.19 times subscription |
| October 26, 2026 | Basis of allotment expected |
| October 28, 2026 | Listing on BSE and NSE expected |
Jio Platforms IPO allotment status and listing date
The allotment status will be available through the registrar and the exchanges once the basis of allotment is finalised, which is expected on October 26. Listing on the BSE and NSE is expected on October 28. The listing date is marked as tentative in the IPO timetable.
Where the Jio Platforms IPO stands after bidding closed
Bidding for the Jio Platforms IPO closed on October 23 with the issue subscribed about 22.19 times, led by qualified institutional buyers at about 70.55 times. The whole issue of about Rs 30,213 crore is fresh shares, and anchor investors put in about Rs 8,110 crore of it before bidding opened. The basis of allotment is expected on October 26, and listing on the BSE and NSE is expected on October 28.
More news
Frequently Asked Questions
What is the Jio Platforms IPO?
What is the Jio Platforms IPO subscription status?
How much was the QIB portion of the Jio Platforms IPO subscribed?
How much did retail investors bid in the Jio Platforms IPO?
How much was the NII portion of the Jio Platforms IPO subscribed?
What is the price band of the Jio Platforms IPO?
When did the Jio Platforms IPO open and close?
When is the Jio Platforms listing date?
When is the Jio Platforms IPO allotment date?
How much did anchor investors put into the Jio Platforms IPO?
How can I check the Jio Platforms IPO allotment status?
What is the Jio Platforms valuation at the IPO price?
More in Business
Info Edge Names Sanjeev Bikhchandani Group CEO From December
Info Edge founder Sanjeev Bikhchandani has been named Group CEO, subject to shareholder approval, as Hitesh Oberoi steps down.
Info Edge Q2 Profit Rises 87% to About Rs 650 Crore
Info Edge also declared a Rs 3 per share interim dividend with its September quarter results.
LTM Launches GCC Origin Unit to Build and Run GCCs in India
LTM has launched GCC Origin, a unit that builds and runs global capability centres in India.