Jio Platforms IPO Subscription Hits 4.38x by 3:00 PM IST on Day 2

Authored By HDFC SKY | Published at: Oct 22, 2026 03:38 PM IST

Jio Platforms IPO subscription reached 4.38 times overall by 3:00 PM IST on October 22, 2026, with QIB (excluding anchor investors) at 10.07 times, NII at 4.60 times and retail at 1.40 times.

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Mumbai, October 22: The Jio Platforms IPO was subscribed 4.38 times overall by 3:00 PM IST on October 22, 2026, the second day of bidding, according to the supplied subscription data. The qualified institutional buyers (QIB) category, excluding anchor investors, recorded the highest subscription at 10.07 times. The non-institutional investors (NII) category was subscribed 4.60 times, while the retail portion received bids equivalent to 1.40 times its reserved shares. The ₹30,213 crore bookbuilding issue opened on October 21, 2026, and is scheduled to close on October 23, 2026. The price band is ₹1,065 to ₹1,119 per share, with a lot size of 12 shares. At the upper end of the price band, the minimum retail application amount is ₹13,428.

Jio Platforms IPO Day 2 Subscription Status

As of 3:00 PM IST on October 22, the issue had received bids for approximately 86.46 crore shares against 19.75 crore shares offered across the categories included in the subscription calculation, excluding the anchor investor portion. The overall subscription stood at 4.38 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, approximately 3:00 PM IST)	10.07x	4.60x	1.40x	1.93x	3.36x	4.38x

The overall subscription increased from 3.04 times on Day 1 to 4.38 times in the supplied Day 2 snapshot. The figures reflect bids reported in the provided data and may change before the issue closes.

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 schedule is tentative and follows the dates shown in the supplied IPO details.

Brief Overview of the Jio Platforms IPO

Jio Platforms’ IPO has a stated issue size of ₹30,213 crore, comprising a fresh issue of 27 crore shares, 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 issue details also state that up to 46,94,836 shares are reserved for eligible employees, with a discount of ₹54 per share. The Allotment is scheduled for October 26, 2026. Refunds and demat credit are tentatively planned 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

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