Reliance's Jio Platforms IPO Fully Subscribed on Day 1 Within Hours of Opening on October 21, 2026

Written by: Team Angel OneUpdated on: 21 Oct 2026, 4:49 pm IST

Jio Platforms IPO achieves full subscription within hours on October 21, 2026, with significant interest from institutional investors.

The Jio Platforms IPO, launched on October 21, 2026, witnessed a full subscription within hours. The offering, which will close on October 23, 2026, saw substantial interest, particularly from qualified institutional buyers.

Jio Platforms IPO Subscription Details

The IPO of Jio Platforms was fully subscribed on its first day, October 21, 2026.

Qualified Institutional Buyers (QIBs) showed significant interest, with bids reaching 3.68 times the shares reserved for them. Foreign Institutional Investors (FIIs) bid for 5,09,49,720 shares, while domestic financial institutions placed bids for 12,51,11,700 shares.

Mutual funds and other entities also participated actively.

Jio Platforms IPO Subscription Data

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	18,03,17,832	3.68
1(a)	Foreign Institutional Investors(FIIs)	-	5,09,49,720	-
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)	-	12,51,11,700	-
1(c)	Mutual funds	-	17,87,520	-
1(d)	Others	-	24,68,892	-
2	Non Institutional Investors	3,64,44,569	1,05,98,868	0.29
2.1	Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)	2,42,96,380	54,82,248	0.23
2.1(a)	Corporates	-	1,38,072	-
2.1(b)	Individuals(Other than RIIs)	-	52,44,192	-
2.1(c)	Others	-	99,984	-
2.2	Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)	1,21,48,189	51,16,620	0.42
2.2(a)	Corporates	-	39,588	-
2.2(b)	Individuals(Other than RIIs)	-	50,24,784	-
2.2(c)	Others	-	52,248	-
3	Retail Individual Investors(RIIs)	8,50,37,327	2,23,00,560	0.26
3(a)	Cut Off	-	2,06,46,660	-
3(b)	Price bids	-	16,53,900	-
4	Employees	46,94,835	29,89,296	0.64
4(a)	Cut Off	-	26,60,496	-
4(b)	Price Bids	-	3,28,800	-
5	Shareholders	2,23,41,376	1,09,28,124	0.49
5(a)	Cut Off	-	1,00,28,460	-
5(b)	Price Bids	-	8,99,664	-
-	Total	19,75,25,934	22,71,34,680	1.15

Note: The above data is as of 10:51 AM, on October 21, 2026.

Jio Platforms IPO: Retail and Non-Institutional Investor Participation

Non-Institutional Investors (NIIs) bid for 1,05,98,868 shares, which is 0.29 times the reserved amount. Within this category, those bidding over ₹10 lakh accounted for 54,82,248 shares. Retail Individual Investors (RIIs) bid for 2,23,00,560 shares, 0.26 times the shares allocated to them. Employees and shareholders also participated, with bids for 29,89,296 and 1,09,28,124 shares, respectively.

Jio Platforms IPO Key Dates and Pricing

The IPO, open from October 21 to October 23, 2026, has an issue price band of ₹1,065 to ₹1,119 per share. The allotment is expected to be finalised by October 26, 2026, with shares likely to be listed on NSE and BSE on October 28, 2026. The lot size for applications is set at 12 shares.

Jio Platforms Financial Overview and Objectives

Jio Platforms reported a total income of ₹40,197.90 crore and a profit after tax of ₹7,764.10 crore for the period ending June 30, 2026. The IPO proceeds aim to prepay borrowings of ₹27,500 crore by Reliance Jio Infocomm Limited and support general corporate purposes.

Conclusion

The Jio Platforms IPO achieved full subscription on its first day, driven by strong demand from institutional investors. The total bids reached 22,71,34,680 shares against the offered 19,75,25,934 shares, reflecting a subscription rate of 1.15 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, 11:19 AM IST

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