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Jio Platforms IPO Subscribed 22.19 Times, Listing Expected on October 28

Jio Platforms IPO Subscribed 22.19 Times, Listing Expected on October 28

Jio Platforms’ ₹30,213 crore IPO received a strong response from investors, closing with an overall subscription of 22.19 times on October 23, 2026. The issue attracted significant interest, particularly from institutional investors.

The Qualified Institutional Buyers (QIB) category was subscribed approximately 70.55 times, while the Non-Institutional Investors (NII) category received strong demand. The retail investor portion was subscribed 2.72 times.

The IPO price band was set at ₹1,065–₹1,119 per share, with a lot size of 12 shares. Investors applying at the upper price band needed ₹13,428 for one lot. The allotment is expected on October 26, while the shares are scheduled to list on October 28, 2026.

Key Points

  • IPO Size: ₹30,213 crore
  • Overall Subscription: 22.19 times
  • Price Band: ₹1,065–₹1,119 per share
  • Lot Size: 12 shares
  • Expected Listing: October 28, 2026

The strong subscription reflects significant investor interest in Jio Platforms. However, a high subscription does not guarantee listing gains, and investors should evaluate the company’s fundamentals and valuation before making investment decisions.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.