Last updated: Wed, Oct 21, 2026, 5:00 PM IST · mainboard IPO · NSE & BSE · Day 1 of 3

  • Jio Platforms IPO subscribed 2.99x overall on Day 1
  • Total bids: 52,41,55,932 shares against 17,51,84,558 shares on offer
  • Category-wise: QIB 8.39x, NII 1.45x, Retail 0.64x, Employee 1.24x
  • Price band: ₹1065 to ₹1119 per share
  • The issue closes on Fri, Oct 23, 2026

The Jio Platforms IPO opened for subscription on Wednesday, October 21, 2026. As of 5:00 PM IST on day one, the issue saw an overall subscription multiple of 2.99x.

The qualified institutional buyers (QIB) category, which consists of financial institutions like banks and mutual funds, led the bidding with a subscription multiple of 8.39x.

Jio Platforms IPO Subscription Status: Day 1

Day-wise subscription

Day-wise subscription. Each row is the last update of that trading day
Day Date Total bids (shares) Bid value at upper band (₹ crore) Subscribed (x)
Day 1 Wed, Oct 21, 2026 52,41,55,932 58,653.05 2.99x

Category-wise subscription

Category-wise subscription. Times = shares bid for ÷ shares offered
Category Shares offered Day 1 bids Day 1 (x)
QIB 4,90,07,827 41,11,07,640 8.39x
NII 3,64,44,569 5,28,49,716 1.45x
of which individual NII — 3,35,01,588 —
of which corporate NII — 93,83,316 —
of which other NII — 99,64,812 —
Retail 8,50,37,327 5,43,79,236 0.64x
Employee 46,94,835 58,19,340 1.24x
Total 17,51,84,558 52,41,55,932 2.99x

The subscription data shows varying interest across investor groups on the first day. QIBs, employee applicants, and non-institutional investors (NII) bidding above ₹2 lakh all subscribed for more than their allocated quotas. In contrast, the retail category, representing individual investors bidding up to ₹2 lakh, reached a subscription multiple of 0.64x. Total bids received across all categories reached 52,41,55,932 shares.

Intraday subscription

Intraday subscription, times in IST
As of Total bids (shares) Total (x) QIB (x) NII (x) Retail (x)
11:00 AM 17,85,02,004 0.90x 2.90x 0.23x 0.20x
1:00 PM 27,94,79,676 1.41x 4.13x 0.54x 0.42x
3:00 PM 33,86,92,308 1.71x 4.88x 0.76x 0.52x
5:00 PM 52,41,55,932 2.99x 8.39x 1.45x 0.64x

Jio Platforms IPO Offer Details

Offer details
Field Value
IPO date Wed, Oct 21, 2026 to Fri, Oct 23, 2026
Listing date To be announced
Face value ₹10 per share
Price band ₹1065 to ₹1119 per share
Lot size 12 shares
Total issue size 27,00,00,000 shares (₹22,103 crore)
Listing at NSE & BSE
Lead managers Kotak Mahindra Capital Co Ltd, Morgan Stanley India Co Pvt Ltd, Axis Capital Ltd., BNP Paribas, BofA Securities India Ltd., CLSA India Pvt Ltd, Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.), Goldman Sachs (India) Securities Pvt Ltd, HDFC Bank Ltd., HSBC Securities and Capital Markets (India) Pvt Ltd., ICICI Securities Ltd, IIFL Capital Services Ltd., Jefferies India Pvt Ltd., JM Financial Ltd., JP Morgan India Pvt Ltd, SBI Capital Markets Ltd, UBS Securities India Pvt Ltd, 360 ONE WAM Ltd., Citigroup Global Capital Markets India Pvt Ltd
Registrar KFIN Technologies Ltd.

About Jio Platforms

Jio Platforms is a technology company focused on digital connectivity, digital services, and technology-led solutions in India. As per the DRHP, the company operates a large-scale infrastructure including 360,382 network towers and over 1.0 million route kilometres of fibre. Its integrated platform encompasses mobile and fixed broadband, cloud services, Internet of Things, and artificial intelligence. The company serves millions of customers across consumer and enterprise sectors, including banking and power. Its proprietary technology capabilities span network infrastructure, software, and digital applications. As of June 30, 2026, the company and its subsidiaries had filed 7,220 patent applications.

Jio Platforms Financial Highlights

Financial highlights, ₹ crore, latest year first
Metric FY 2025-26 FY 2024-25 FY 2023-24
Revenue from operations (₹ crore) 1,46,885.30 1,28,218.40 1,09,558.10
Total income (₹ crore) 1,49,884.50 1,29,333.00 1,10,183.30
Profit after tax (₹ crore) 30,052.70 26,120.30 21,434.00
Net worth (₹ crore) 3,35,976.90 3,05,047.40 2,78,286.40
Total borrowings (₹ crore) 14,597.40 23,445.40 7,458.20
EPS (₹) 33.63 29.21 23.96

Revenue from operations grew to ₹1,28,218.40 crore in FY 2024-25 and further to ₹1,46,885.30 crore in FY 2025-26. Profit after tax rose to ₹26,120.30 crore in FY 2024-25 and reached ₹30,052.70 crore in FY 2025-26. The company reported a debt-to-equity ratio of 0.04x at the end of FY 2025-26.

Objects of the Issue

Objects of the issue, ₹ crore
Purpose Amount (₹ crore)
Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary 27,500.00

Risk Factors as per the DRHP

  • The company faces intense competition from other telecom service providers, which may impact its market position and financial performance.
  • Potential adverse outcomes from outstanding legal proceedings involving the company, its subsidiaries, promoters, and directors could negatively affect business operations.
  • The company must navigate evolving data privacy regulations, such as the DPDP Act, which may require significant compliance efforts and resources.
  • There is uncertainty regarding the achievement of anticipated returns on new technology investments, which could impact future profitability.

How to Check Jio Platforms IPO Subscription Status

Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, KFIN Technologies Ltd..

This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Wed, Oct 21, 2026, 5:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.