Last updated: Fri, Oct 23, 2026, 2:00 PM IST · mainboard IPO · NSE & BSE · Day 3 of 3
- Jio Platforms IPO subscribed 7.51x overall on Day 3, up from 5.20x on Day 2
- Total bids: 1,48,25,06,376 shares against 19,75,25,934 shares on offer
- Category-wise: QIB 16.08x, NII 10.17x, Retail 2.10x, Employee 2.54x
- Price band: ₹1065 to ₹1119 per share
- The issue closes on Fri, Oct 23, 2026
The Jio Platforms IPO concludes its third and final day of bidding today. As of 2:00 PM IST on October 23, 2026, the issue reached an overall subscription multiple of 7.51x. The qualified institutional buyers (QIB) category, which consists of financial institutions like banks and mutual funds, led the interest with 16.08x subscription. This represents a steady increase from the 5.20x subscription multiple recorded at the end of the second day of the offering.
Jio Platforms IPO Subscription Status: Day 3
Day-wise subscription
| 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 | 1,02,68,02,356 | 1,14,899.18 | 5.20x |
| Day 3 | Fri, Oct 23, 2026 | 1,48,25,06,376 | 1,65,892.46 | 7.51x |
Category-wise subscription
| Category | Shares offered | Day 2 bids | Day 2 (x) | Day 3 bids | Day 3 (x) |
|---|---|---|---|---|---|
| QIB | 4,90,07,827 | 60,35,49,612 | 12.32x | 78,80,88,144 | 16.08x |
| NII | 3,64,44,569 | 20,13,24,144 | 5.52x | 37,05,53,424 | 10.17x |
| of which individual NII | — | 17,11,01,868 | — | 32,76,96,228 | — |
| of which corporate NII | — | 1,32,45,756 | — | 1,94,81,436 | — |
| of which other NII | — | 1,69,76,520 | — | 2,33,75,760 | — |
| Retail | 8,50,37,327 | 12,64,19,040 | 1.49x | 17,86,89,204 | 2.10x |
| Employee | 46,94,835 | 95,33,196 | 2.03x | 1,19,22,900 | 2.54x |
| Other reserved categories | 2,23,41,376 | 8,59,76,364 | 3.85x | 13,32,52,704 | 5.96x |
| Total | 19,75,25,934 | 1,02,68,02,356 | 5.20x | 1,48,25,06,376 | 7.51x |
All investor categories subscribed to their respective quotas by the final day. The QIB category saw the highest interest at 16.08x, followed by non-institutional investors (NII) at 10.17x. Retail investors, who are individual bidders applying for up to ₹2 lakh, subscribed 2.10x. The day-on-day growth in subscription was broad-based across all categories, with the total number of shares bid for rising to 1,48,25,06,376 shares by the final afternoon.
Intraday subscription
| As of | Total bids (shares) | Total (x) | QIB (x) | NII (x) | Retail (x) |
|---|---|---|---|---|---|
| 11:00 AM | 1,19,21,93,148 | 6.04x | 13.38x | 7.42x | 1.75x |
| 2:00 PM | 1,48,25,06,376 | 7.51x | 16.08x | 10.17x | 2.10x |
Jio Platforms IPO 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 operates as a gateway to the digital economy, providing services to enterprise sectors including banking, power, and IT. Its infrastructure includes pan-India 4G and 5G connectivity, with over 1.0 million route kilometres of fibre. The company offers mobile and fixed broadband, digital entertainment, cloud storage, and AI-based solutions. As of June 30, 2026, its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers, while the company and its subsidiaries had filed 7,220 patent applications.
Jio Platforms Financial Highlights
| 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 from ₹1,28,218.40 crore in FY 2024-25 to ₹1,46,885.30 crore in FY 2025-26. Profit after tax increased from ₹26,120.30 crore in FY 2024-25 to ₹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
| 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 could impact its market position and financial performance as it manages 360,382 network towers.
- There are potential adverse outcomes from outstanding legal proceedings involving the company, its subsidiaries, promoters, and directors, which may affect its operations or financial standing.
- The business is subject to evolving data privacy regulations, such as the DPDP Act, which could require significant changes to its data handling and technology practices.
- The company faces uncertainty regarding the achievement of anticipated returns on its new technology investments, which are critical to its long-term growth strategy.
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 Fri, Oct 23, 2026, 2:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.