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  5. Jio Platforms IPO: India's biggest public issue subscribed 56% so far on Day 1; check lot size and key dates

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Jio Platforms IPO: India's biggest public issue subscribed 56% so far on Day 1; check lot size and key dates

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

3 min read | Updated on October 21, 2026, 09:36 IST

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SUMMARY

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

Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, will retain a majority stake in Jio Platforms after the listing. | Image: Shutterstock

Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, will retain a majority stake in Jio Platforms after the listing. | Image: Shutterstock

The initial public offering of Jio Platforms Ltd, a digital technology and connectivity conglomerate, opened for subscription on Wednesday, October 21. The issue will end on October 23. The price band has been set at ₹1,065 to ₹1,119 per share.

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The ₹30,213 crore initial share sale is solely a fresh issuance of 27 crore shares. There is no offer for sale (OFS) component.

The funds raised will be used to repay debt availed by material subsidiary Reliance Jio Infocomm Ltd and general corporate purposes.

Jio Platforms IPO Day 1: Check subscription status

CategoryNo of Times
Qualified Institutional Buyers1.95 times
Non-Institutional Investors10%
Retail Investors7%
Total56%
Prior to the IPO, the company allotted shares valued at ₹8,109.85 crore to 212 anchor investors at the upper end of its price band.

Life Insurance Corporation of India (LIC) secured the largest allocation, worth ₹499.98 crore. New World Fund Inc received shares worth ₹486.27 crore, followed by the Government of Singapore at ₹340.93 crore, SBI Focused Fund at ₹315 crore and BNP Paribas Financial Markets - ODI at ₹303.25 crore.

Domestic mutual funds were allotted 2.489 crore shares aggregating to ₹2,784.96 crore, while life insurers and pension funds got 97.4 lakh shares worth ₹1,089.95 crore.

Jio Platforms IPO: Here's how to apply under Reliance Industries shareholders’ quota

Global investment companies participating in the anchor book include Capital Group, Fidelity, BlackRock, T. Rowe Price, JPMorgan Asset Management, Schroders, Franklin Templeton and Janus Henderson.

Sovereign and public investment institutions include the Monetary Authority of Singapore and the Abu Dhabi Investment Authority, alongside other long-term institutional investors.

Jio Platforms IPO: Lot size

Retail investors can bid for at least 12 shares and in multiples thereafter. Half of the net offer is reserved for QIBs, 15% for NIIs and 35% for retail investors.

Jio Platforms IPO: Allotment and listing date

EventDate
Subscription periodOctober 21 to October 23
Basis of allotmentOctober 26
Initiation of RefundsOctober 27
Credit of Shares to DematOctober 27
Listing dateOctober 28

Incorporated in 2019, Jio Platforms is a technology player focused on digital connectivity, digital services and technology-led solutions in India.

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.

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