Reliance's Jio Platforms IPO Surpasses 1 Crore Applications

Written by: Team Angel OneUpdated on: 23 Oct 2026, 7:43 pm IST

Jio Platforms IPO receives 1,03,89,338 applications as of October 23, 2026, with significant interest from QIBs and non-institutional investors.

As of October 23, 2026, at 12:30 PM, the Jio Platforms IPO received 1,03,89,338 applications. The overwhelming response highlights the strong interest from various investor categories, including Qualified Institutional Buyers (QIBs) and non-institutional investors.

Jio Platforms IPO Consolidated Bid Details

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	78,45,73,284	16.01
1(a)	Foreign Institutional Investors (FIIs)	-	30,75,31,284	-
1(b)	Domestic Financial Institutions (Banks/ Financial Institutions (FIs)/ Insurance Companies)	-	34,60,13,004	-
1(c)	Mutual Funds	-	7,17,17,856	-
1(d)	Others	-	5,93,11,140	-
2	Non Institutional Investors	3,64,44,569	36,55,04,544	10.03
2.1	Non Institutional Investors (Bid amount of more than Ten Lakh Rupees)	2,42,96,380	27,94,20,300	11.50
2.1(a)	Corporates	-	1,89,50,088	-
2.1(b)	Individuals (Other than RIIs)	-	23,94,84,948	-
2.1(c)	Others	-	2,09,85,264	-
2.2	Non Institutional Investors (Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)	1,21,48,189	8,60,84,244	7.09
2.2(a)	Corporates	-	3,72,924	-
2.2(b)	Individuals (Other than RIIs)	-	8,39,80,320	-
2.2(c)	Others	-	17,31,000	-
3	Retail Individual Investors (RIIs)	8,50,37,327	17,74,94,916	2.09
3(a)	Cut Off	-	15,98,87,364	-
3(b)	Price bids	-	1,76,07,552	-
4	Employees	46,94,835	1,18,80,948	2.53
4(a)	Cut Off	-	1,03,87,008	-
4(b)	Price Bids	-	14,93,940	-
5	Shareholders	2,23,41,376	13,21,36,056	5.91
5(a)	Cut Off	-	10,68,26,712	-
5(b)	Price Bids	-	2,53,09,344	-
-	Total	19,75,25,934	1,47,15,89,748	7.45

Note: The above data is as of 12:30 PM on October 23, 2026.

Jio Platforms IPO: Offer Size and Market Capitalisation

The total issue size for Jio Platformss 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 Platformss is estimated to be approximately ₹10,30,490 crore.

Jio Platforms 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.

Investor Interest in Jio Platforms IPO

The Jio Platformss IPO has attracted substantial interest from Qualified Institutional Buyers (QIBs), who have bid for 78,45,73,284 shares, exceeding the 4,90,07,827 shares offered. This represents a bid multiple of 16.01 times the shares available for this category.

Within the QIBs, Foreign Institutional Investors (FIIs) bid for 30,75,31,284 shares, while domestic financial institutions, including banks and insurance companies, bid for 34,60,13,004 shares. Mutual funds and other entities also showed interest, with bids of 7,17,17,856 and 5,93,11,140 shares, respectively.

Non-Institutional Investors' Participation in Jio Platforms IPO

Non-institutional investors have bid for 36,55,04,544 shares against the 3,64,44,569 shares offered, marking a bid multiple of 10.03 times. Investors bidding over ₹10 lakh accounted for 27,94,20,300 shares, with corporates, individuals, and others contributing to this total. Meanwhile, those bidding between ₹2 lakh and ₹10 lakh bid for 8,60,84,244 shares.

Retail and Employee Participation in Jio Platforms IPO

Retail Individual Investors (RIIs) have bid for 17,74,94,916 shares, which is 2.09 times the 8,50,37,327 shares offered. Employees have shown interest with bids for 1,18,80,948 shares, 2.53 times the 46,94,835 shares reserved for them. Shareholders have also participated actively, with bids for 13,21,36,056 shares against 2,23,41,376 shares offered, resulting in a bid multiple of 5.91 times.

Conclusion

The Jio Platforms IPO has received 1,47,15,89,748 bids for 19,75,25,934 shares, indicating a bid multiple of 7.45 times. QIBs led with a 16.01 bid multiple, while non-institutional investors followed with 10.03 times. Retail investors and employees also showed strong interest.

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, 2:13 PM IST

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