The Jio Platforms IPO closes for subscription on Friday, October 23, 2026, giving investors their final opportunity to apply for the highly anticipated public issue. The company is seeking to raise Rs 30,213 crore, making it one of India’s largest-ever initial public offerings.
The price band has been fixed at Rs 1,065 to Rs 1,119 per share. Investors must apply for a minimum of 12 shares, requiring an investment of Rs 13,428 at the upper end of the price band. Applications can be submitted during the bidding window, while investors using UPI must approve their payment mandate by 7 pm on the closing day. The application window is scheduled to close at 5 pm, according to the report.
As of 9.10 am on October 23, the issue had received bids for more than 112 crore shares worth approximately Rs 1.25 lakh crore, according to the figures cited by Business Today. By the end of the second day, the IPO had been subscribed 5.57 times overall. Qualified institutional buyers showed the strongest demand, with their portion subscribed 13.29 times, while the high-net-worth investor category was subscribed 6.32 times.
The IPO comprises a fresh issue of 27 crore equity shares. Eligible Reliance Industries shareholders have a reserved allocation worth up to Rs 2,500 crore, while employees have a reservation worth up to Rs 500 crore. Eligible employees are entitled to a discount of Rs 54 per share.
Jio Platforms reported revenue of Rs 40,197.90 crore and net profit of Rs 7,764.10 crore for the quarter ended June 30, 2026. For FY26, revenue stood at Rs 1,49,759.10 crore, with net profit of Rs 30,052.70 crore.
The tentative schedule places allotment finalisation on October 26 and stock market listing on October 28, 2026. Grey market premium (GMP) figures remain unofficial and can change quickly; they do not guarantee listing gains.
0 comments
No comments yet. Yours would be the first.