Jio Platforms IPO Live Updates: Issue Subscribed 83%, QIBs Lead Bidding

Jio Platforms IPO's grey market premium (GMP) was last recorded at Rs 276 as of 8:37 AM on October 21, 2026.

Based on the upper end of the price band at Rs 1,119 per share, the IPO's estimated listing price is Rs 1,395 (issue price plus GMP).

At the current GMP, the IPO is indicating a potential listing gain of 24.66% over the upper price band.

Jio Platforms IPO Subscription Status

The Jio IPO platforms was halfway subscribed by 9:39 a.m. on the first day. The total subscription stood at 0.57 times or 57%

• Qualified Institutional Buyers (QIBs): 1.9 times
• Non-Institutional Investors (NIIS): 0.11 times or 11%
• Retail Individual Investors: 0.09 times or 9%
• Employee Reserved: 0.21 times or 21%

This is not the first time that Jio has raised funds. Back in 2020, when the world was grappling with the horrors of the Corona pandemic the RIL subsidiary allotted large sums of shares to big companies like Meta Platforms (via Jaadhu Holdings), Alphabet Inc. (via google international), General Atlantic, Intel Capital and Qualcomm among others. 

The shares were allotted on a private placement basis at issue prices ranging from Rs 488.34 and Rs 549.31, according to data mentioned in the RHP. 

Meta, through its subsidiary Jaadhu Holdings had bought the most number of shares. The company purchased over 89 shares, amounting to approximately Rs 43,573 crore. Currently the company owns an almost 10% stake in Jio Platforms, second to RIL. 

To check how much gains may be on cards for these big tech players read: Jio Platforms IPO: Meta, Google, Other Global Investors See Their Stake More Than Double in Value 

Jio Platforms IPO's grey market premium (GMP) was last recorded at Rs 273 as of 7:37 AM on October 21, 2026.

Based on the upper end of the price band at Rs 1,119 per share, the IPO's estimated listing price stands at Rs 1,392 (issue price plus GMP).

At this level, the issue is indicating a potential listing gain of 24.40% over the upper price band.

Jio Platforms, a subsidiary of Reliance Industries Ltd., raised Rs 8,109.85 crore from 212 anchor investors on October 19, ahead of the opening of its initial public offering (IPO) on October 21. The anchor book attracted institutional demand exceeding Rs 2.5 lakh crore, more than 30 times the amount available for allocation, according to a stock exchange filing.

The allotment was made at Rs 1,119 per share, the upper end of the IPO's price band of Rs 1,065-1,119. Jio Platforms allotted 7.24 crore shares to the anchor investors, which include leading domestic mutual funds, global asset managers, sovereign wealth funds, insurers and pension funds.

Jio Platforms IPO, one of India’s biggest public issues, as it opens for subscription on October 21. The Rs 30,213-crore IPO is a pure fresh issue of 27 crore shares, with a price band of Rs 1,065-1,119 per share and a retail investment requirement of Rs 13,428 for one lot of 12 shares.

The issue closes on October 23, with allotment expected on October 26 and listing tentatively scheduled for October 28 on the NSE and BSE.