Qualified institutional buyers (QIBs) led the subscription, with their reserved portion subscribed 70.55 times. The category received bids for 3,45,75,57,456 shares against 4,90,07,827 shares reserved for them.
The non-institutional investors (NIIs) category was subscribed 14 times, receiving bids for 51,03,55,128 shares against 3,64,44,569 shares on offer.
The retail individual investors (RIIs) category was subscribed 2.72 times, with bids for 23,11,62,888 shares compared with 8,50,37,327 shares available in the segment.
Demand across the anchor investor placement and the public issue exceeded ₹7.4 lakh crore, while the number of applications reached 1.39 crore, marking an unprecedented response to the offering. According to the reported figures, Jio Platforms became the first public offering globally to cross one crore applications.
The application count of 1.39 crore surpassed the previous domestic IPO record of 97.34 crore applications set by solar panel manufacturer Waaree Energies in 2024.
The Jio Platforms IPO comprised an entirely fresh issuance of 27 crore equity shares, with no offer-for-sale (OFS) component.
The company plans to use up to ₹27,500 crore from the fresh issue proceeds to repay borrowings at Reliance Jio Infocomm, its wholly owned subsidiary. The remaining proceeds will be allocated towards general corporate purposes.
Before the public offering, Jio Platforms raised approximately ₹8,110 crore through its anchor investor round on October 19. The company secured investments from 212 investors and allotted shares at the upper end of the price band, at ₹1,119 per share.
Managing Director Akash Ambani has said that Jio Platforms Limited is focusing on technology, artificial intelligence (AI) and cloud services to drive growth beyond telecommunications.
The basis of allotment for Jio Platforms Ltd is likely to be finalised on Monday, October 26, in the evening. Investors can check their application details through the National Stock Exchange (NSE) allotment page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
On the NSE website, investors need to select ‘Equity & SME IPO bid details’ and choose Jio Platforms (JPL) from the ‘Select Symbol’ dropdown menu. They must then enter their Permanent Account Number (PAN) or application number and click ‘Submit’ to check their bid details.
Investors can also check the Jio Platforms IPO allotment status through the BSE website at https://bseindia.com/investors/appli_check.aspx. They need to select ‘Equity’ as the issue type, choose ‘Jio Platforms Ltd’ from the ‘Issue Name’ list, enter their PAN or IPO application number, and click ‘Search’.
Another option is the KFin Technologies website at https://ipostatus.kfintech.com/. Investors must select ‘Jio Platforms Ltd’ under the ‘Select IPO’ section, enter their IPO application number, PAN or Demat account number, and click ‘Submit’ to check their allotment status.
Following the allotment process, shares will be credited to the Demat accounts of successful applicants on October 27. Refunds for investors who do not receive an allotment will also be processed on the same day.
Jio Platforms shares are scheduled to be listed on the NSE and the BSE on Wednesday, October 28, 2026, at 10 am. The allotment outcome, share credits, refunds and listing will mark the next stages of the IPO following the strong subscription demand across investor categories.
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