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Explore the Jio Platforms Ltd. IPO Day 1 subscription status, investor participation, price band, lot size, important dates, and the application process through ASBA or UPI.
The Jio Platforms Ltd. IPO opened for subscription on October 21, 2026, and is scheduled to close on October 23, 2026. The mainboard public issue consists of a fresh issue of 27 Crore equity shares worth ₹30,213 Crores. The shares are proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 28, 2026.
The IPO follows the book-building process, with a price band of ₹1,065 to ₹1,119 per equity share and a face value of ₹10 per share. The lot size is 12 shares, resulting in a minimum retail application amount of ₹13,428 at the upper price band. On Day 1, the issue recorded an overall subscription of 2.51× as of 3:10 PM IST, with the Qualified Institutional Buyers category recording the highest subscription.
The Jio Platforms Ltd. IPO opened for public subscription on October 21, 2026. Subscription figures indicate how many times the shares available in each investor category have been applied for during the bidding period.
As of 3:10 PM IST, the Jio Platforms Ltd. IPO was subscribed 2.51× overall. Qualified Institutional Buyers (QIBs) recorded a subscription of 7.46×, followed by Non-Institutional Investors (NIIs) at 1.33×. Retail Individual Investors (RIIs) subscribed to their reserved portion 0.60×.
The employee reserved category recorded a subscription of 1.18×, while the shareholder reservation portion stood at 1.17×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
7.46× |
Retail Individual Investors (RII) |
0.60× |
Non-Institutional Investors (NII) |
1.33× |
Employee Reserved |
1.18× |
Shareholder Reservation Portion |
1.17× |
Total |
2.51× |
Qualified Institutional Buyers recorded the highest subscription at 7.46×, while the NII category was subscribed 1.33×. Both the employee reserved category and shareholder reservation portion crossed the fully subscribed mark at 1.18× and 1.17×, respectively.
Retail Individual Investors recorded a subscription of 0.60×. Overall, the Jio Platforms Ltd. IPO reached 2.51× subscription on Day 1 as of the reported time. These figures may change as additional bids are submitted before the issue closes on October 23, 2026.
The Jio Platforms Ltd. IPO has a price band of ₹1,065 to ₹1,119 per equity share, with a face value of ₹10 per share. The issue follows the book-building process, which allows investors to place bids within the announced price range.
The lot size is 12 shares. At the upper price band of ₹1,119, the minimum retail application amount is ₹13,428 for one lot.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
12 |
₹13,428 |
Retail (Max) |
14 |
168 |
₹1,87,992 |
S-HNI (Min) |
15 |
180 |
₹2,01,420 |
B-HNI (Min) |
75 |
900 |
₹10,07,100 |
The application amount is calculated using the following formula:
Application Amount = Number of Shares × Bid Price
For example, the minimum retail application amount at the upper price band is:
12 shares × ₹1,119 = ₹13,428
Retail investors can apply for a minimum of one lot, while the maximum retail application at the upper price band is 14 lots, comprising 168 shares and amounting to ₹1,87,992.
The minimum application amount for the S-HNI category is ₹2,01,420 for 15 lots, while the B-HNI category starts at ₹10,07,100 for 75 lots.
For detailed insights about the company, issue particulars, and the latest updates, visit the Jio Platforms Ltd. IPO on Bajaj Markets.
The Jio Platforms Ltd. IPO follows a scheduled timeline covering the subscription period, share allotment, refunds, credit of shares, and listing on the stock exchanges.
| Event | Date | Details |
|---|---|---|
IPO Open Date |
October 21, 2026 |
Issue opens for public subscription |
IPO Close Date |
October 23, 2026 |
Final day to submit bids |
Basis of Allotment |
October 26, 2026 |
Finalisation of share allotment |
Refunds Initiation |
October 27, 2026 |
Refund or release of blocked funds |
Credit of Shares to Demat |
October 27, 2026 |
Allotted shares credited to Demat accounts |
Listing Date |
October 28, 2026 |
Proposed listing on NSE and BSE |
The IPO opened on October 21 and is scheduled to close on October 23, 2026. The basis of allotment is expected to be finalised on October 26, followed by refunds and credit of shares on October 27.
Trading in Jio Platforms Ltd. shares is scheduled to begin on the NSE and BSE on October 28, 2026.
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can submit applications for the Jio Platforms Ltd. IPO through the ASBA facility offered by supported banks or through UPI on eligible broker platforms. Both methods allow the application amount to remain blocked in the applicant's bank account until the allotment process is completed.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Jio Platforms Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Jio Platforms Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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