Jio Platforms IPO Subscribed 2.97 Times on Day 1
Varda Khade
- 0 min read
Last Updated: 21st October 2026 - 05:01 pm
Jio Platforms Limited's ₹30,213 crore initial public offering was subscribed 2.38 times as of 3:00 PM IST on October 21, 2026, the first day of public bidding.
The issue received bids for approximately 46.95 crore shares against 19.75 crore shares available for subscription. Demand was led by qualified institutional buyers (QIBs), whose reserved portion was subscribed 7.09 times.
The IPO opened on Wednesday, October 21, and will remain available for subscription until Friday, October 23, 2026.
Subscription Status of Jio Platforms IPO
| Date | QIB | NII | Retail | EMP | Shareholder | Total |
|---|---|---|---|---|---|---|
| Day 1 (October 21) | 8.37 | 1.44 | 0.66 | 1.23 | 1.27 | 2.80 |
Here are the subscription details for on the Jio Platforms IPO day 3, as of 4:44:53 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 7,24,74,066 | 7,24,74,066 | 8,109.848 |
| QIB | 8.37 | 4,90,07,828 | 41,04,16,860 | 45,925.647 |
| NII | 1.44 | 3,64,44,568 | 5,26,35,864 | 5,889.953 |
| Retail | 0.66 | 8,50,37,326 | 5,60,71,608 | 6,274.413 |
| EMP | 1.23 | 46,94,836 | 57,90,696 | 647.979 |
| Shareholder | 1.27 | 2,23,41,376 | 2,83,01,856 | 3,166.978 |
| Total | 2.80 | 19,75,25,934 | 55,32,16,884 |
61,904.969 |
Key Highlights – Day 1
- Jio Platforms Ltd. IPO recorded an overall subscription of 2.97 times on 21 October 2026. The issue received bids for 58,61,31,492 shares against 19,75,25,934 shares available for public subscription.
- The QIB (Ex Anchor) category recorded the highest subscription at 8.97 times, with bids for 43,97,07,564 shares against 4,90,07,827 shares offered. NII subscription stood at 1.51 times, with the bNII and sNII portions subscribed 1.65 times and 1.24 times, respectively.
- Retail Investors subscribed 0.66 times their allocated portion, with bids for 5,59,58,724 shares against 8,50,37,327 shares offered. The Employee and Shareholder categories were subscribed 1.27 times and 1.32 times, respectively. The total bid amount stood at approximately ₹65,588.11 crore, excluding the anchor investor portion.
About Jio Platforms Limited
Jio Platforms Ltd. is a digital services and technology company and a subsidiary of Reliance Industries Limited. The company operates across digital connectivity, telecommunications, broadband services and technology-enabled consumer and enterprise solutions.
Its business includes mobile telecommunications services through Reliance Jio, fixed broadband connectivity, digital platforms and services for individual and enterprise customers. The company provides mobile voice and data connectivity, fibre broadband, digital entertainment and other technology-led services through its digital ecosystem.
Jio Platforms also operates in areas such as cloud services, digital infrastructure, artificial intelligence and enterprise technology solutions. Its business model combines telecommunications networks, digital platforms and technology services to serve consumers, businesses and other organisations across India.
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