Jio Platforms IPO subscribed more than three times on day one as institutions bid over nine times their quota

Bids for Jio Platforms' public issue covered the shares on offer more than three times on the first day of bidding, 21 October. Institutional buyers bid for over nine times their portion, while retail investors filled more than 70% of theirs.

By Subhash

Published October 21, 2026 · 2 min read

Information card showing the Jio Platforms IPO price band, minimum lot and closing date.

Jio Platforms’ initial public offering drew bids for about 62 crore shares on its first day, 21 October, against 19.75 crore shares on offer outside the anchor portion. That put the issue at more than three times subscribed, according to consolidated exchange data updated at 6.45 pm.

Demand by category

Qualified institutional buyers: over nine times
Non-institutional investors: about 1.7 times (about 1.8 times for bids above Rs 10 lakh, about 1.4 times for bids of Rs 2 lakh to Rs 10 lakh)
Retail investors: about 0.7 times
Eligible Reliance Industries shareholders: about 1.5 times
Employees: about 1.4 times

Small investors applied for about 6.1 crore shares against the 8.50 crore reserved for them. Valued at the top of the price band, the day’s bids add up to nearly Rs 70,000 crore.

Before the issue opened, the company told the exchanges it had allotted 7,24,74,066 shares to anchor investors at Rs 1,119 each on 19 October, about Rs 8,110 crore. The Rs 1,065–1,119 issue can raise up to about Rs 30,213 crore.

What comes next

Bidding closes on Friday, 23 October. Under the prospectus timetable, the basis of allotment is due on or about 26 October, and the shares are scheduled to start trading on BSE and NSE on or about 28 October.

Telugu Scope graphic.