The initial public offering (IPO) of Jio Platforms, the digital services and telecommunications arm of Reliance Industries Ltd (RIL), has been subscribed 3.21 times on the second day of bidding, October 22, 2026. This means that investors have placed bids for more than three times the number of shares available. Retail investors and institutions alike are showing strong interest in the IPO.
- Jio Platforms IPO is subscribed 3.21 times on Day 2.
- Reliance Industries Ltd owns 66.4% of Jio Platforms before the IPO and will retain control after listing.
- No shares are being sold by Reliance Industries or existing shareholders in this IPO.
- The IPO has mobilised bids for over 63 crore shares against 19.75 crore shares on offer.
- Qualified Institutional Buyers (QIBs) subscribed 9.42 times.
- Retail investors subscribed 78% of their quota.
- Non-Institutional Investors (NIIs) subscribed 1.77 times.
What is the current subscription status of Jio Platforms IPO?
As of the morning of October 22, 2026, the IPO has received bids for 63,40,37,784 shares, while only 19,75,25,934 shares are on offer. This results in an overall subscription rate of 3.21 times. The data is based on cumulative figures from the National Stock Exchange (NSE) until 9:10 am.
Who owns Jio Platforms and will there be any change in control?
Reliance Industries Ltd owns 66.4% of Jio Platforms before the IPO. Importantly, neither Reliance Industries nor any other existing shareholders are selling shares in this initial offering. This means that Reliance Industries will continue to hold control of Jio Platforms after the company is listed on the stock exchange.
How have different investor categories responded to the IPO?
The IPO has attracted strong interest from various investor categories. Qualified Institutional Buyers (QIBs) have subscribed 9.42 times their allotted quota, showing high confidence from large investors. Retail investors have subscribed 78% of their quota, indicating good participation from individual investors. Non-Institutional Investors (NIIs) have subscribed 1.77 times their quota, reflecting moderate interest from high-net-worth individuals and other non-institutional buyers.
What should retail investors know about this IPO?
Retail investors should note that this IPO does not involve the sale of shares by Reliance Industries or existing shareholders. Instead, the company is issuing new shares to raise capital. The strong subscription rates suggest positive market sentiment. However, investors should carefully review the Red Herring Prospectus (RHP) to understand the company’s financials, business model, and risks before investing.
Why is the IPO significant for Reliance Industries and Jio Platforms?
This IPO is a major step for Jio Platforms to raise funds for expansion in digital services and telecommunications. By retaining control, Reliance Industries ensures it can continue to guide the company’s strategic direction. The successful subscription indicates strong investor confidence in Jio Platforms’ growth potential.
Frequently Asked Questions
Q: Are Reliance Industries or existing shareholders selling shares in this IPO?
A: No, neither Reliance Industries nor any existing shareholders are selling shares. The IPO involves issuing new shares.
Q: What is the total number of shares on offer in the IPO?
A: The IPO offers 19,75,25,934 shares to investors.
Q: How much has the IPO been subscribed so far?
A: As of October 22, 2026, the IPO has been subscribed 3.21 times overall.
Q: Who owns the majority stake in Jio Platforms?
A: Reliance Industries Ltd owns 66.4% of Jio Platforms before the IPO and will retain control after listing.
