Jio Platforms IPO Subscription Climbs to 3.48x on Second Day; Retail Portion Fully Booked

Authored By HDFC SKY | Last Modified: Oct 22, 2026 11:28 AM IST

Jio Platforms IPO was subscribed 3.48 times overall by 11:00 AM IST on October 22, 2026, the second day of bidding, with QIB (excluding anchor investors) demand at 9.42 times.

Open Free Demat Account

Mumbai, October 22: The Jio Platforms IPO was subscribed 3.48 times overall by 11:00 AM IST on October 22, 2026, the second day of bidding, according to the latest subscription figures available. The qualified institutional buyers (QIB) category, excluding anchor investors, recorded the highest subscription at 9.42 times, while the non-institutional investors (NII) category was subscribed 2.34 times. The retail investor portion received bids equivalent to 1.03 times the shares reserved for the category. The ₹30,213 crore bookbuilding issue opened on October 21, 2026, and will remain open until October 23, 2026. The price band is ₹1,065 to ₹1,119 per share, with a lot size of 12 shares. The minimum retail investment at the upper end of the price band is ₹13,428.

Jio Platforms IPO Subscription Status on Second Day

As of 11:00 AM IST on October 22, 2026, the issue had received bids for approximately 68.78 crore shares against 19.75 crore shares offered across the categories included in the subscription calculation, excluding the anchor investor portion. The total subscription stood at 3.48 times.

Jio Platforms IPO Day-wise Subscription Summary

Date	QIB (Ex Anchor)	NII	Retail	Employees	Shareholders	Overall
October 21, 2026 (Day 1)	9.04x	1.61x	0.73x	1.33x	1.41x	3.04x
October 22, 2026 (Day 2, as of 11:00 AM IST)	9.42x	2.34x	1.03x	1.61x	2.06x	3.48x

The overall subscription increased from 3.04 times on Day 1 to 3.48 times by 11:00 AM IST on Second Day. The figures represent the latest reported subscription status at the stated timestamp.

Jio Platforms IPO Timeline

IPO Event	Date
Issue Open Date	October 21, 2026
Issue Close Date	October 23, 2026
Allotment Date	October 26, 2026
Initiation of Refunds	October 27, 2026
Credit of Shares to Demat Accounts	October 27, 2026
Tentative Listing Date	October 28, 2026

The dates above are tentative and based on the IPO schedule provided.

Brief Overview of the Jio Platforms IPO

Jio Platforms is launching a bookbuilding IPO with a total issue size of ₹30,213 crore, comprising 27 crore shares offered through a fresh issue, according to the supplied issue details.

IPO Particular	Details
Company	Jio Platforms
Issue Size	₹30,213 crore
Issue Type	Bookbuilding IPO
Issue Structure	Fresh issue
Price Band	₹1,065 to ₹1,119 per share
Face Value	₹10 per share
Lot Size	12 shares
Minimum Retail Investment	₹13,428
Issue Opening Date	October 21, 2026
Issue Closing Date	October 23, 2026
Listing Exchanges	BSE and NSE
Book Running Lead Manager	Kotak Mahindra Capital Co. Ltd.
Registrar	KFin Technologies Ltd.

The IPO includes a reservation of up to 46,94,836 shares for eligible employees, with an employee discount of ₹54 per share, as stated in the supplied issue details. The Allotment is scheduled for October 26, 2026. Refund initiation and credit of shares are tentatively scheduled for October 27, followed by a proposed listing on October 28, 2026, on the BSE and NSE.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=JPL&series=EQ&type=Active

Disclaimer

The information shared here is intended solely for informational and educational purposes and does not constitute investment recommendations. While we practice strict due diligence in curating daily market data, readers must perform independent research before trading. To flag any real-time data discrepancies or content concerns, please write to us at content@hdfcsec.com.

IPO