Last updated: Thu, Oct 22, 2026, 1:00 PM IST · mainboard IPO · NSE & BSE · Day 2 of 3

  • Jio Platforms IPO subscribed 3.64x overall on Day 2, up from 3.02x on Day 1
  • Total bids: 71,84,65,128 shares against 19,75,25,934 shares on offer
  • Category-wise: QIB 9.42x, NII 2.82x, Retail 1.10x, Employee 1.70x
  • Price band: ₹1065 to ₹1119 per share
  • The issue closes on Fri, Oct 23, 2026

The Jio Platforms IPO reached a subscription multiple of 3.64x on day 2 of 3 trading days, as of Thu, Oct 22, 2026, 1:00 PM IST. This follows a total subscription of 3.02x recorded on the previous day. The QIB category remains the most-bid segment at 9.42x. The overall subscription level increased from the day 1 figure of 3.02x.

Jio Platforms IPO Subscription Status: Day 2

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 59,56,57,800 66,654.11 3.02x
Day 2 Thu, Oct 22, 2026 71,84,65,128 80,396.25 3.64x

Category-wise subscription

Category-wise subscription. Times = shares bid for ÷ shares offered
Category Shares offered Day 1 bids Day 1 (x) Day 2 bids Day 2 (x)
QIB 4,90,07,827 44,21,90,892 9.02x 46,15,82,352 9.42x
NII 3,64,44,569 5,79,94,920 1.59x 10,28,06,304 2.82x
of which individual NII — 3,80,02,212 — 7,98,11,508 —
of which corporate NII — 95,85,924 — 1,04,21,184 —
of which other NII — 1,04,06,784 — 1,25,73,612 —
Retail 8,50,37,327 5,83,67,532 0.69x 9,33,35,136 1.10x
Employee 46,94,835 61,25,844 1.30x 79,79,160 1.70x
Other reserved categories 2,23,41,376 3,09,78,612 1.39x 5,27,62,176 2.36x
Total 19,75,25,934 59,56,57,800 3.02x 71,84,65,128 3.64x

All investor categories have bid for more than their allocated shares, except for the retail and NII segments which show varying levels of interest. The QIB category leads with 9.42x subscription, while the retail category stands at 1.10x. The NII category, representing non-institutional investors bidding above ₹2 lakh, reached 2.82x. These figures reflect the total bids received against the shares offered for each respective category.

Intraday subscription

Intraday subscription, times in IST
As of Total bids (shares) Total (x) QIB (x) NII (x) Retail (x)
11:00 AM 62,36,07,864 3.16x 9.42x 1.68x 0.73x
1:00 PM 71,84,65,128 3.64x 9.42x 2.82x 1.10x

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 19,75,25,934 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 serves as a gateway to India’s digital economy, providing services to sectors including banking, power, and IT. It operates an integrated platform encompassing cloud services, Internet of Things, and artificial intelligence. The company maintains extensive infrastructure, including 360,382 network towers and over 1.0 million route kilometres of fibre. Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026, while the company’s wireless broadband network covered more than 99% of India’s population.

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 ₹1,46,885.30 crore in FY 2025-26, following growth to ₹1,28,218.40 crore in FY 2024-25. Profit after tax reached ₹30,052.70 crore in FY 2025-26, compared to ₹26,120.30 crore in FY 2024-25. The company reported a debt-to-equity ratio of 0.04x at FY 2025-26, with total borrowings of ₹14,597.40 crore.

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.
  • There are potential adverse outcomes from outstanding legal proceedings involving the company, its subsidiaries, promoters, and directors.
  • The business is subject to evolving data privacy regulations, such as the DPDP Act, which could affect operational compliance.
  • The company faces uncertainty regarding the achievement of anticipated returns on new technology investments, which totalled ₹14,597.40 crore in borrowings.

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 Thu, Oct 22, 2026, 1:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.