return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Jio Platforms IPO subscribed 22.19 times on Day 3: Check allotment date and steps

Market News

Jio Platforms IPO subscribed 22.19 times on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on October 23, 2026, 20:28 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Jio Platforms IPO is seeking to raise ₹30,213 crore. The issue is solely a fresh issuance of 27 crore shares, with no offer for sale (OFS) component.

Jio Platforms operates a technology platform integrating digital connectivity with consumer and enterprise digital services.

Jio Platforms operates a technology platform integrating digital connectivity with consumer and enterprise digital services.

Jio Platforms IPO has been subscribed 22.19 times on the final day of bidding on Friday, October 23. It received bids for 4,38,26,15,568 shares against 19,75,25,934 shares on offer, according to cumulative data on the National Stock Exchange (NSE) website until 7 pm.

Open FREE Demat Account within minutes!
Join now

Qualified institutional buyers (QIBs) led the bidding, as the portion reserved for them was subscribed 70.55 times. The category for non-institutional investors was booked 14 times, while the retail part was subscribed 2.72 times.

The initial public offering of Jio Platforms, the digital and telecommunications subsidiary of Reliance Industries, is seeking to raise ₹30,213 crore. The issue is solely a fresh issuance of 27 crore shares, with no offer for sale (OFS) component.

Of the fresh issue proceeds, ₹27,500 crore will be used to repay borrowings of its wholly owned telecom subsidiary, Reliance Jio Infocomm Ltd (RJIL). The rest will be used for general corporate purposes, the company said in its red herring prospectus (RHP).

With a price band of ₹1,065 to ₹1,119 per share, a lot consists of 12 shares.

Jio Platforms operates a technology platform integrating digital connectivity with consumer and enterprise digital services. Its offering includes mobile networks, fixed broadband, cloud capabilities, applications and proprietary technology.

Jio Platforms IPO allotment and listing date

Jio Platforms IPO allotment status is likely to be finalised on October 26. The listing on the stock exchanges will occur on October 28.

Jio Platforms IPO: From record-breaking size to lightning-fast subscription, 7 milestones that make it historic

How to check the Jio Platforms IPO allotment status on NSE

Steps to check Jio Platforms IPO allotment status on KFin Technologies

  • Visit the official website: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ section, pick 'Jio Platforms Ltd'
  • Add your IPO application number, PAN or Demat account number
  • Click on ‘Submit’
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story