Reliance's Jio Platforms IPO Gets 3.16 Times Subscription on Day 1 as QIB Category Demand Leads

Written by: Team Angel OneUpdated on: 22 Oct 2026, 1:11 am IST

The Jio Platforms IPO has achieved a total subscription of 3.16 times, with cumulative bids for 62,34,46,572 shares against 19,75,25,934 shares offered. The Qualified Institutional Buyers (QIBs) category is leading the demand at 9.42 times.

The recent data from the Jio Platforms IPO subscription from the exchange website on Day 1, updated at 6:57 PM on October 21, 2026, shows a total subscription of 3.16 times. The IPO received bids for 62,34,46,572 shares out of the 19,75,25,934 shares offered. The subscription levels varied across different investor categories.

Consolidated Bid Details of Jio Platforms IPO

S.No	CATEGORY	NO OF SHARES OFFERED/ RESERVED	NO OF SHARES BID FOR	NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY
1	Qualified Institutional Buyers(QIBs)	4,90,07,827	46,15,35,492	9.42
1(a)	Foreign Institutional Investors(FIIs)	-	16,18,30,200	-
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)	-	25,91,63,436	-
1(c)	Mutual funds	-	3,18,60,312	-
1(d)	Others	-	86,81,544	-
2	Non Institutional Investors	3,64,44,569	6,12,46,392	1.68
2.1	Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)	2,42,96,380	4,44,76,812	1.83
2.1(a)	Corporates	-	95,65,200	-
2.1(b)	Individuals(Other than RIIs)	-	2,41,07,196	-
2.1(c)	Others	-	1,08,04,416	-
2.2	Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)	1,21,48,189	1,67,69,580	1.38
2.2(a)	Corporates	-	98,928	-
2.2(b)	Individuals(Other than RIIs)	-	1,63,98,864	-
2.2(c)	Others	-	2,71,788	-
3	Retail Individual Investors(RIIs)	8,50,37,327	6,17,33,844	0.73
3(a)	Cut Off	-	5,63,97,860	-
3(b)	Price bids	-	53,36,184	-
4	Employees	46,94,835	63,98,220	1.36
4(a)	Cut Off	-	56,80,404	-
4(b)	Price Bids	-	7,17,816	-
5	Shareholders	2,23,41,376	3,25,32,624	1.46
5(a)	Cut Off	-	2,81,16,288	-
5(b)	Price Bids	-	44,16,336	-
-	Total	19,75,25,934	62,34,46,572	3.16

Note: The above data is as of 6:57 PM on October 21, 2026

Qualified Institutional Buyers (QIBs) Subscription on Jio Platforms IPO

The QIB category achieved a subscription of 9.42 times, with 46,15,35,492 shares bid for against 4,90,07,827 shares offered. Domestic Financial Institutions (Banks/Financial Institutions/Insurance Companies) led with 25,91,63,436 shares, followed by Foreign Institutional Investors (FIIs) at 16,18,30,200 shares, Mutual Funds at 3,18,60,312 shares, and Others at 86,81,544 shares.

Non-Institutional Investors (NIIs) Subscription on Jio Platforms IPO

The NIIs category recorded a subscription of 1.68 times, receiving bids for 6,12,46,392 shares against 3,64,44,669 shares offered. Within this, bids above ₹10 lakh were subscribed at 1.83 times, with 4,44,76,812 shares bid for against 2,42,96,380 shares offered. The sub-category of bids above ₹2 lakh up to ₹10 lakh saw a subscription of 1.38 times, with 1,67,69,580 shares bid for against 1,21,48,189 shares offered.

Retail Individual Investors (RIIs) Subscription on Jio Platforms IPO

The RII segment, the largest by size with 8,50,37,327 shares offered, recorded a subscription of 0.73 times. It received bids for 6,17,33,844 shares, with a preference for the Cut Off option, which accounted for 5,63,97,660 shares, compared to 53,36,184 shares via price bids.

Employee Category Subscription on Jio Platforms IPO

The employee segment showed a subscription rate of 1.36 times, with 63,98,220 shares bid for against 46,94,835 shares offered. Most bids, amounting to 56,80,404 shares, were placed at the Cut Off price, while 7,17,816 shares were through price bids.

Shareholders Subscription on Jio Platforms IPO

The Shareholders category achieved a subscription of 1.46 times, with 3,25,32,624 shares bid for against 2,23,41,376 shares offered. The Cut Off option accounted for 2,81,16,288 shares, while 44,16,336 shares were placed via price bids.

Offer Size of Jio Platforms IPO

The total issue size for the Jio Platforms IPO is ₹30,213 crore, which is structured entirely as a 100% fresh issue consisting of up to 27 crore equity shares with no Offer for Sale (OFS) component. Each equity share carries a face value of ₹10. At the upper end of the price band, the post-issue market capitalization of Jio Platforms is estimated to be approximately ₹10,30,490 crore.

Price Band and Bidding Parameters of Jio Platforms IPO

The price band for the initial public offering has been fixed between ₹1,065 and ₹1,119 per equity share. Retail investors can bid for a minimum lot size of 12 shares, requiring a minimum investment of ₹13,428 at the upper cap, and can apply for a maximum of 14 lots (₹1,87,992). Additionally, eligible employees are entitled to a discount of ₹54 per share, and a special carve-out of up to ₹2,500 crore has been reserved under the RIL Shareholder Quota for investors holding Reliance Industries shares as of October 14, 2026.

Key Timetable Indicators for Jio Platforms IPO

The public bidding window for the IPO opens on Wednesday, October 21, 2026, and is scheduled to close on Friday, October 23, 2026. Following the closure of the issue, the basis of allotment will be finalized on Monday, October 26, 2026, with the initiation of refunds and credit of shares to demat accounts taking place on Tuesday, October 27, 2026. The shares are tentatively scheduled to debut and commence trading on both the BSE and NSE on Wednesday, October 28, 2026.

Conclusion

The Jio Platforms IPO subscription data as of October 21, 2026, shows varied interest across categories, with QIBs subscribing at 9.42 times and NIIs at 1.68 times. Shareholders and Employees recorded 1.46 and 1.36 times, respectively, while RIIs stood at 0.73 times.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: Oct 21, 2026, 7:41 PM IST

Team Angel One

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