Last Day to Apply for Jio Platforms IPO (October 23, 2026)

Written by: Team Angel OneUpdated on: 23 Oct 2026, 3:40 pm IST

Jio Platforms IPO closes on October 23, 2026, with a ₹30,213 crore issue size, price band of ₹1,065-₹1,119 per share, and no OFS component.

The Reliance’s Jio Platforms IPO, with an issue size of ₹30,213 crore, is set to close today on October 23, 2026. The offering consists entirely of a fresh issue of up to 27 crore equity shares, with no Offer for Sale component. The price band is set between ₹1,065 and ₹1,119 per share, with a face value of ₹10 per equity share.

Jio Platforms IPO: Offer Size and Market Capitalisation

The total issue size for Jio Platforms IPO is ₹30,213 crore, structured as a 100% fresh issue. This involves up to 27 crore equity shares, with no Offer for Sale component.

At the upper end of the price band, the post-issue market capitalisation of Jio Platforms is estimated to be approximately ₹10,30,490 crore.

Jio Platfoms IPO Price Band and Bidding Details

The price band for the IPO is set 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.

The maximum application for retail investors is 14 lots, amounting to ₹1,87,992. Eligible employees receive a discount of ₹54 per share.

RIL Shareholder Quota and Timetable

A special carve-out of up to ₹2,500 crore is reserved under the RIL Shareholder Quota for investors holding Reliance Industries shares as of October 14, 2026. The public bidding window opened on October 21, 2026, and closes on October 23, 2026.

The basis of allotment will be finalised on October 26, 2026, with refunds and credit of shares to demat accounts on October 27, 2026. The shares are scheduled to debut on the BSE and NSE on October 28, 2026.

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	65,15,03,844	13.29
1(a)	Foreign Institutional Investors (FIIs)	-	22,29,10,452	-
1(b)	Domestic Financial Institutions (Banks/ Financial Institutions (FIs)/ Insurance Companies)	-	34,40,88,756	-
1(c)	Mutual Funds	-	4,23,25,980	-
1(d)	Others	-	4,21,78,656	-
2	Non Institutional Investors	3,64,44,569	23,61,73,296	6.48
2.1	Non Institutional Investors (Bid amount of more than Ten Lakh Rupees)	2,42,96,380	17,86,81,620	7.35
2.1(a)	Corporates	-	1,56,08,268	-
2.1(b)	Individuals (Other than RIIs)	-	14,56,34,040	-
2.1(c)	Others	-	1,74,39,312	-
2.2	Non Institutional Investors (Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)	1,21,48,189	5,74,91,676	4.73
2.2(a)	Corporates	-	2,63,172	-
2.2(b)	Individuals (Other than RIIs)	-	5,59,90,368	-
2.2(c)	Others	-	12,38,136	-
3	Retail Individual Investors (RIIs)	8,50,37,327	13,81,66,596	1.62
3(a)	Cut Off	-	12,48,92,604	-
3(b)	Price bids	-	1,32,73,992	-
4	Employees	46,94,835	1,01,92,980	2.17
4(a)	Cut Off	-	89,47,764	-
4(b)	Price Bids	-	12,45,216	-
5	Shareholders	2,23,41,376	9,61,95,336	4.31
5(a)	Cut Off	-	7,93,78,452	-
5(b)	Price Bids	-	1,68,16,884	-
-	Total	19,75,25,934	1,13,22,32,052	5.73

Note: The above data is as of 9:24 AM on October 23, 2026.

The Jio Platforms IPO has been subscribed 5.73 times overall as of 9:24 AM on October 23, 2026, with total bids for 1,13,22,32,052 shares against 19,75,25,934 shares on offer (excluding anchor investors).

Category-wise, the public issue saw a subscription of 1.62 times in the retail category, 13.29 times in the Qualified Institutional Buyers (QIB) category, and 6.48 times in the Non-Institutional Investors (NII) category (comprising 7.35 times for the portion above Ten Lakh Rupees and 4.73 times for the portion between Two Lakh and Ten Lakh Rupees).

Additionally, the employee reservation portion was subscribed 2.17 times, and the shareholder category recorded a demand of 4.31 times.

Conclusion

The Jio Platforms IPO, closing today on October 23, 2026, features a ₹30,213 crore issue size with a price band of ₹1,065 to ₹1,119 per share. The IPO is structured as a fresh issue with no Offer for Sale component, and the post-issue market capitalisation is estimated at ₹10,30,490 crore.

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 23, 2026, 10:10 AM IST

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