Jio Platforms IPO Subscribed 22.19 Times on Final Day

Jio Platforms' initial public offering (IPO) was subscribed about 22.19 times on its final bidding day, October 23, 2026, according to exchange data reported that evening. Qualified institutional buyers (QIBs) bid for about 70.55 times their quota, while retail investors bid for about 2.72 times theirs.

The issue is a fresh issue of about 27 crore equity shares worth about Rs 30,213 crore at the top of the price band of Rs 1,065 to Rs 1,119 a share. Allotment is expected on October 26 and listing on the BSE and NSE on October 28.

Jio Platforms IPO subscription at a glance

How institutions, wealthy investors and retail bid differently

The gap between categories was wide. Institutional buyers bid for roughly 70 times the shares set aside for them, and non-institutional investors, who bid for more than Rs 2 lakh, put in about 14 times their quota. Retail investors, who bid for up to Rs 2 lakh, took about 2.72 times their portion.

The public offer had about 19.75 crore shares open for bidding. The rest of the 27 crore shares went to anchor investors before the issue opened.

What anchor investors put in before the issue opened

Anchor investors took about 7.25 crore shares at Rs 1,119 each, which brought in about Rs 8,110 crore before the public issue opened on October 21. The offer is a fresh issue only, so there is no offer for sale by existing shareholders.

What a 70 times institutional bid says about demand from big investors

A subscription figure shows how many shares were asked for compared with how many were offered. A QIB figure near 70 times means large institutions asked for far more than they could get, so allotment in that category will be scaled down. The retail figure of about 2.72 times is much lower, but it still means more bids than shares in that quota.

Different data providers show slightly different totals because they take their snapshots at different times and treat anchor shares in different ways.

What small investors should check before allotment day

For readers who applied, the allotment status will be available through the registrar and the exchanges once the basis of allotment is finalised on October 26. For founders and business owners watching the market, a large issue that draws strong institutional bids can show how much capital is open to big Indian companies. This post is not investment advice.

Will Jio Platforms list on October 28 as planned?

The next steps are allotment, followed by the expected listing on October 28. Dates can change if the exchanges or the company announce a revision, so check the official notices.

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