Jio Platforms' initial public offering (IPO) has attracted significant investor interest, with the issue subscribed 3.32 times by the second day of bidding on October 22, 2026. Investors placed bids for over 65.53 crore shares against the 19.75 crore shares on offer. This strong subscription reflects high confidence in the Reliance Industries Limited (RIL) subsidiary's market prospects.
- The IPO is a fresh issue of 27 crore shares, raising ₹30,213 crore.
- Qualified institutional buyers (QIBs) subscribed 9.42 times their quota.
- Non-institutional investors subscribed 1.95 times.
- The retail investor portion was 89% subscribed.
- The IPO closes on October 23, 2026.
What is the structure of the Jio Platforms IPO?
The Jio Platforms IPO is a book-built issue with a total size of ₹30,213 crore. It consists solely of a fresh issuance of 27 crore shares. There is no offer for sale component, meaning no existing shareholders are selling their shares in this offering. This fresh issue will help the company raise capital to fund its growth and expansion plans.
How has the subscription progressed by day two?
By the second day of bidding on October 22, 2026, the IPO was subscribed 3.32 times overall. Investors placed bids for 65,53,36,440 shares, while only 19,75,25,934 shares were available. This indicates strong demand across investor categories.
Which investor categories showed the most interest?
Qualified institutional buyers (QIBs) showed the highest demand, subscribing 9.42 times their allocated quota. Non-institutional investors subscribed 1.95 times, while the retail investor portion was 89% subscribed as of the latest data. This distribution shows robust institutional confidence and steady retail participation.
When does the IPO subscription close?
The Jio Platforms IPO subscription period ends on October 23, 2026. Investors interested in participating should submit their bids before the closing date to be considered for allotment.
What are the key takeaways from the Jio Platforms IPO subscription so far?
- The IPO is a fresh issue of 27 crore shares, raising ₹30,213 crore.
- Subscription on day two reached 3.32 times, indicating strong demand.
- QIBs led the subscription with 9.42 times their quota.
- Non-institutional investors and retail investors showed moderate to strong interest.
- The IPO closes on October 23, 2026, so investors have limited time to apply.
Frequently Asked Questions
Q: What is the total size of the Jio Platforms IPO?
A: The IPO is sized at ₹30,213 crore, consisting of a fresh issue of 27 crore shares.
Q: How many times was the IPO subscribed on day two?
A: On the second day, the IPO was subscribed 3.32 times overall.
Q: Which investor category showed the highest subscription?
A: Qualified institutional buyers subscribed 9.42 times their quota, the highest among all categories.
Q: When does the IPO subscription end?
A: The subscription period ends on October 23, 2026.
Source: Latest subscription data from the National Stock Exchange (NSE) as of October 22, 2026, 10:15 AM IST.
