Jio Platforms IPO Day 3: Subscription Status, Timeline & Key Issue Details
Reliance-backed Jio Platforms Limited’s ₹30,213 crore IPO entered its third day of subscription on Friday, October 23, 2026. The issue is available at a price band of ₹1,065 to ₹1,119 per share. As of 10:00 AM, the IPO had received subscriptions of 5.82 times.
The basis of allotment is expected to be finalised on October 26, followed by the company’s planned listing on the BSE and NSE on October 28, 2026.
Jio Platforms IPO - Issue Details
- Issue Type: Book-Built Issue (Fresh Issue only)
- Total Issue Size: Up to ₹30,213.00 crore
- Fresh Issue: Up to ₹30,213.00 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹10 per share
- Price Band: ₹1,065 to ₹1,119 per share
- Lot Size: 12 shares
- Minimum Investment Amount (Retail Investor): ₹13,428 (12 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers (BRLMs): Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, CLSA India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, UBS Securities India Private Limited and 360 ONE WAM Limited.
- Registrar to the Issue: KFin Technologies Limited
Jio Platforms IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
21 October 2026 |
|
Subscription Closing Date |
23 October 2026 |
|
Basis of Allotment Date |
26 October 2026 |
|
Refund Initiation Date |
27 October 2026 |
|
Credit of Shares |
27 October 2026 |
|
Listing on BSE and NSE |
28 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Jio Platforms IPO Day 3 Subscription Status
[October 23, 2026, 10:00 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
13.31x |
|
Non-Institutional Investors (NIIs) |
6.74x |
|
Retail Individual Investors (RIIs) |
1.68x |
|
Employees |
2.23x |
|
Shareholders |
4.44x |
|
Total |
5.82x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, Reliance Jio Infocomm Limited (RJIL)
- General corporate purposes
About Jio Platforms Limited
Founded in 2019, Jio Platforms Limited operates in the digital connectivity and technology space in India. Through its subsidiary, Reliance Jio Infocomm Limited (RJIL), it provides mobile and fixed broadband services, as well as digital solutions across entertainment, cloud computing, gaming, smart homes, enterprise services and artificial intelligence. As of March 31, 2026, RJIL served 524.4 million customers.
The company has developed an integrated, in-house technology ecosystem covering network infrastructure, devices, software, operating systems and digital applications. This allows it to build and deploy technologies such as 4G, 5G, cloud computing and AI on a large scale, while limiting dependence on external vendors.
Key Financial Highlights
|
Particulars |
For the three month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
3,91,729.00 |
1,46,885.00 |
1,28,218.00 |
|
EBITDA |
20,864.50 |
76,255.40 |
64,170.00 |
|
Profit After Tax (PAT) |
7,764.10 |
30,049.70 |
26,120.30 |
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