Jio Platforms IPO Day 1: Subscription Opens Today, 21 October 2026
- October 21, 2026
- Posted by: Harsh Piplani
- Category: IPO
Jio Platforms IPO opens today, 21 Oct 2026, closes 23 Oct. Price band Rs 1,065-1,119. Lot size 12 shares. Lists on BSE and NSE on 28 Oct.
Quick Answer
The Jio Platforms IPO opens for subscription today, 21 October 2026, and will remain open until 23 October 2026. Jio Platforms Limited is the digital connectivity and technology arm of Reliance Industries, and the issue of about Rs 30,213 crore is entirely a fresh issue of 27 crore equity shares. The price band is set at Rs 1,065 to Rs 1,119 per share, with a lot size of 12 shares, and the shares are proposed to list on BSE and NSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
Jio Platforms Limited, the digital connectivity and technology company promoted by Reliance Industries, has opened its IPO for subscription today, 21 October 2026. The Jio Platforms IPO is a mainboard, book built issue worth about Rs 30,213 crore at the upper band, made up entirely of a fresh issue of up to 27 crore equity shares with no offer for sale, and it will remain open until 23 October 2026.
Its subsidiary Reliance Jio Infocomm served about 533.3 million customers as of 30 June 2026. The anchor book was scheduled for 19 October, and a portion of the issue is set aside for eligible Reliance Industries shareholders and eligible employees of Jio Platforms. The shares are proposed to be listed on BSE and NSE.
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Jio Platforms IPO Details
The table below sets out the key parameters of the Jio Platforms IPO, including the price band, lot size and important dates.
| Open Date | 21 October 2026 |
| Close Date | 23 October 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 1,065 to Rs 1,119 per share |
| Lot Size | 12 shares |
| Issue Size | About Rs 30,213 crore at the upper band (entirely fresh issue of 27 crore shares) |
| Issue Type | Book Built Issue, Mainboard |
| Listing At | BSE, NSE |
| Allotment Date | 26 October 2026 |
| Listing Date | 28 October 2026 |
Jio Platforms IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 13,428 (1 lot, 12 shares, at the upper band) |
| Retail maximum | 14 lots, 168 shares (Rs 1,87,992) |
| Small HNI range | 15 to 74 lots (Rs 2,01,420 to Rs 9,93,672) |
| Big HNI minimum | 75 lots, 900 shares (Rs 10,07,100) |
| Shareholder quota | Up to Rs 2,500 crore for eligible Reliance Industries shareholders |
| Employee quota | Up to Rs 500 crore, with a discount of Rs 54 per share |
| Promoter holding | 66.43 percent before the issue, 64.48 percent after |
| Registrar | KFin Technologies Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Jio Platforms IPO Share Reservation
The issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. Separate portions of up to Rs 2,500 crore for eligible Reliance Industries shareholders and up to Rs 500 crore for eligible employees sit outside the net offer, and the anchor book was scheduled for 19 October ahead of public bidding.
Jio Platforms IPO Subscription Status Day 1
Bidding for the issue has opened today, 21 October 2026, so the category wise numbers below will fill in as the session progresses. With the largest issue size India has seen, institutional bids often build up late in the window, so Day 1 numbers usually lean on retail and shareholder applications.
| Investor Category | Subscription Status, Day 1 (21 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Jio Platforms IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 1,065 to Rs 1,119 band, in multiples of 12 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 23 October.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Jio Platforms Limited
Jio Platforms Limited, incorporated in November 2019, is a technology company focused on digital connectivity, digital services and technology led solutions in India, with Reliance Jio Infocomm as its main operating subsidiary. Revenue from operations was Rs 1,28,218 crore in FY25 and Rs 1,46,885 crore in FY26, while profit after tax rose from about Rs 26,120 crore to about Rs 30,050 crore. For the quarter ended 30 June 2026, revenue from operations was about Rs 39,173 crore and profit after tax Rs 7,764 crore. Reliance Industries holds 66.43 percent before the issue and 64.48 percent after it, and the upper band implies a market capitalisation of about Rs 10.3 lakh crore.
Conclusion
The issue has opened for bidding today, 21 October 2026, offering exposure to India’s largest telecom and digital services business through a pure fresh issue. Investors considering the issue should weigh the valuation of about Rs 10.3 lakh crore at the upper band, the use of proceeds towards repaying subsidiary borrowings, and the separate shareholder and employee quotas, and read the RHP on bseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Jio Platforms IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 21 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE and NSE as the day progresses.
When does the Jio Platforms IPO open and close?
Ans. The issue opened for subscription today, 21 October 2026, and will close on 23 October 2026.
What is the Jio Platforms IPO price band and lot size?
Ans. The issue price band is Rs 1,065 to Rs 1,119 per share, with a lot size of 12 shares. A retail investor needs at least one lot, which is about Rs 13,428 at the upper price band.
What is the issue size and structure of the Jio Platforms IPO?
Ans. The issue is entirely a fresh issue of up to 27 crore equity shares worth about Rs 30,213 crore at the upper band, with no offer for sale component.
What is the Jio Platforms IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Jio Platforms IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 1,065 to Rs 1,119 band, in multiples of 12 shares, then approving the UPI mandate before the daily cut off.
When will the Jio Platforms IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 26 October 2026, and the shares are tentatively scheduled to list on BSE and NSE on 28 October 2026.
What does Jio Platforms Limited do?
Ans. Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology led solutions, and its subsidiary Reliance Jio Infocomm offers mobile and fixed broadband and digital services to about 533.3 million customers.
How will Jio Platforms use the IPO proceeds?
Ans. Jio Platforms plans to use the proceeds mainly to prepay certain borrowings of its material subsidiary Reliance Jio Infocomm, with the balance going towards general corporate purposes.
Who are the registrar and lead manager for the Jio Platforms IPO?
Ans. KFin Technologies Ltd is the registrar for the issue, and Kotak Mahindra Capital is the lead book running manager alongside Morgan Stanley India, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, ICICI Securities and other managers.
