{"id":320156,"date":"2026-10-21T13:15:19","date_gmt":"2026-10-21T07:45:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=320156"},"modified":"2026-10-21T13:15:19","modified_gmt":"2026-10-21T07:45:19","slug":"reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/","title":{"rendered":"How to Apply for Jio IPO: UPI, ASBA, Retail, HNI and Shareholder Routes Before the 23 October Close"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>You can apply for Jio IPO until 5 PM on Friday 23 Oct 2026 through UPI on your broker app or ASBA on your bank&#8217;s net banking, with a minimum bid of 1 lot of 12 shares, or Rs 13,428 at the upper band of Rs 1,119. Retail bids are capped at 14 lots (Rs 1,87,992), eligible Reliance shareholders have a reserved portion of up to Rs 2,500 crore with a Rs 2 lakh cap, and your money stays blocked until the basis of allotment on 26 Oct. Sources I read differ on the last time to approve the UPI mandate on the final day, so confirm the cut-off with your own broker.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">You can apply for Jio IPO until 5 PM on Friday 23 Oct 2026 through UPI on your broker app or through ASBA on your bank&#8217;s net banking, and you need an active demat account either way. The minimum bid is 1 lot of 12 shares, or Rs 13,428 at the upper price band of Rs 1,119, and a retail bid is capped at 14 lots, or Rs 1,87,992. Eligible Reliance Industries shareholders as of 14 Oct can bid in a reserved portion of up to Rs 2,500 crore with a Rs 2 lakh cap, while employees have a separate portion. Funds stay blocked until the basis of allotment on 26 Oct 2026, so approve the UPI mandate on time and check allotment on the KFin Technologies website.<\/p>\n<\/p><\/div>\n<p>The Rs 30,213 crore fresh issue of Reliance Jio&#8217;s parent opened on 21 Oct 2026 at a price band of Rs 1,065 to Rs 1,119, and many investors now want to apply for Jio IPO without a mistake that gets the bid rejected. Early demand was led by institutions, with the overall subscription at 1.01 times by about 10:34 AM IST, while retail stood at 0.23 times in reports I read, and those numbers will have moved since.<\/p>\n<p>This guide explains how to apply for Jio IPO through a broker using UPI and through your bank using ASBA, the lot limits for retail and HNI bids, the Reliance shareholder quota, the key dates and the errors that lead to rejection. It is educational and not a recommendation to apply for the issue or to buy or sell any share. Other Univest articles cover the price and subscription data, so this one stays on the application process.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Apply_for_Jio_IPO_Issue_Details_at_a_Glance\" title=\"Apply for Jio IPO: Issue Details at a Glance\">Apply for Jio IPO: Issue Details at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#How_to_Apply_for_Jio_IPO_Through_a_Broker_Using_UPI\" title=\"How to Apply for Jio IPO Through a Broker Using UPI\">How to Apply for Jio IPO Through a Broker Using UPI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#How_to_Apply_for_Jio_IPO_Through_ASBA_Net_Banking\" title=\"How to Apply for Jio IPO Through ASBA Net Banking\">How to Apply for Jio IPO Through ASBA Net Banking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Which_Category_to_Apply_for_Jio_IPO_Retail_S-HNI_and_B-HNI_Limits\" title=\"Which Category to Apply for Jio IPO: Retail, S-HNI and B-HNI Limits\">Which Category to Apply for Jio IPO: Retail, S-HNI and B-HNI Limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Reliance_Shareholder_Quota_Who_Can_Apply_for_Jio_IPO_in_the_Reserved_Portion\" title=\"Reliance Shareholder Quota: Who Can Apply for Jio IPO in the Reserved Portion\">Reliance Shareholder Quota: Who Can Apply for Jio IPO in the Reserved Portion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Grey_Market_Premium_and_Listing_Date_for_Jio_Platforms\" title=\"Grey Market Premium and Listing Date for Jio Platforms\">Grey Market Premium and Listing Date for Jio Platforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Common_Mistakes_When_You_Apply_for_Jio_IPO\" title=\"Common Mistakes When You Apply for Jio IPO\">Common Mistakes When You Apply for Jio IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#What_to_Watch_Next_After_You_Apply_for_Jio_IPO\" title=\"What to Watch Next After You Apply for Jio IPO\">What to Watch Next After You Apply for Jio IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#How_can_I_apply_for_Jio_IPO\" title=\"How can I apply for Jio IPO?\">How can I apply for Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#What_is_the_minimum_amount_to_apply_for_Jio_IPO\" title=\"What is the minimum amount to apply for Jio IPO?\">What is the minimum amount to apply for Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#What_is_the_last_date_and_time_to_apply_for_Jio_IPO\" title=\"What is the last date and time to apply for Jio IPO?\">What is the last date and time to apply for Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#What_is_the_maximum_retail_bid_when_you_apply_for_Jio_IPO\" title=\"What is the maximum retail bid when you apply for Jio IPO?\">What is the maximum retail bid when you apply for Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Can_Reliance_shareholders_apply_for_Jio_IPO_in_a_reserved_quota\" title=\"Can Reliance shareholders apply for Jio IPO in a reserved quota?\">Can Reliance shareholders apply for Jio IPO in a reserved quota?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#What_is_the_grey_market_premium_for_Jio_Platforms\" title=\"What is the grey market premium for Jio Platforms?\">What is the grey market premium for Jio Platforms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#When_are_allotment_refund_and_listing_after_I_apply_for_Jio_IPO\" title=\"When are allotment, refund and listing after I apply for Jio IPO?\">When are allotment, refund and listing after I apply for Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-applying-for-money-gains-do-you-know-different-ways-to-apply-shareholder-retail-hni-upi-asba\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Apply_for_Jio_IPO_Issue_Details_at_a_Glance\"><\/span><strong>Apply for Jio IPO: Issue Details at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bidding window to apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Opened 21 Oct 2026 and closes at 5 PM on Friday 23 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119 per share, face value Rs 10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lot size to apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 shares, and bids must be in multiples of 12<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minimum amount to apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,428 at the upper band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue structure<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh issue of 27 crore shares, no offer for sale, about Rs 30,213 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quota of the net issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Qualified institutional buyers up to 50%, non-institutional investors at least 15%, retail individual investors at least 35%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reserved portions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Employees up to Rs 500 crore and eligible Reliance shareholders up to Rs 2,500 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">KFin Technologies<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lead manager<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kotak Mahindra Capital as book running lead manager, with 18 other lead managers<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE and BSE, proposed for 28 Oct 2026<\/td>\n<\/tr>\n<\/table>\n<p>The reserved portions reconcile with the price band. About 2.23 crore shares for shareholders at Rs 1,119 comes to about Rs 2,500 crore, and about 46.9 lakh employee shares at the discounted price of Rs 1,065 comes to about Rs 500 crore (my calculation). The 50%, 15% and 35% splits apply to the net issue after these reservations, and sources describe the exact share counts slightly differently, so read the Red Herring Prospectus before you apply for Jio IPO.<\/p>\n<p style=\"margin-top:24px;\"><strong>Track upcoming IPOs on the Univest IPO page<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_Jio_IPO_Through_a_Broker_Using_UPI\"><\/span><strong>How to Apply for Jio IPO Through a Broker Using UPI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>To apply for Jio IPO, log in to your broker app or web console with an active demat and trading account. The PAN on the demat account should match your bank and UPI details.<\/li>\n<li>Open the IPO section and select the Jio Platforms issue. On Zerodha Console the path is Portfolio, then IPOs, then Bid on the Jio row, and other brokers use a similar screen.<\/li>\n<li>Choose your category (retail, non-institutional, shareholder or employee) and enter the quantity in lots of 12 shares. Retail bidders can usually bid at the cut-off price, which means the upper band of Rs 1,119, so check your broker screen.<\/li>\n<li>Enter your UPI ID. It must be linked to a bank account in your own name with enough balance for the full bid amount.<\/li>\n<li>Submit the bid to apply for Jio IPO and approve the UPI mandate request that arrives in your UPI app using your UPI PIN. The bid is not confirmed until you approve it.<\/li>\n<li>After you apply for Jio IPO, check the bid status in your broker app and note the application number. The amount is blocked in your account and is not debited unless shares are allotted.<\/li>\n<\/ol>\n<p><strong>Risk:<\/strong> An unapproved UPI mandate is the most common reason a bid fails. One source I read gives 5 PM and another 7 PM as the last time to approve the mandate on the final day, so approve it as soon as the request arrives instead of waiting for the close.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_Jio_IPO_Through_ASBA_Net_Banking\"><\/span><strong>How to Apply for Jio IPO Through ASBA Net Banking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ASBA stands for Applications Supported by Blocked Amount. You place the bid through your bank&#8217;s net banking, authorise the bank to block the amount in your account and enter your demat details. UPI is offered through brokers that do not provide banking services, while ASBA is the route through a bank. Either way, the money stays in your account and earns interest until the basis of allotment, and only the amount for allotted shares is debited.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Feature<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">UPI through a broker<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">ASBA through a bank<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Where you apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Broker app or web console<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bank net banking IPO page<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Approval step<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Approve the UPI mandate in your UPI app<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Authorise the block in net banking<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Money once you apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Blocked, not debited, until allotment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Blocked, not debited, until allotment<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Demat account needed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Yes, linked to the PAN used to bid<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Yes, demat details entered in the form<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Refund of unallotted amount<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unblocked on or about 27 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unblocked on or about 27 Oct 2026<\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to get IPO alerts and track your application.<\/em><\/p>\n<p><strong>Risk:<\/strong> If the PAN, demat account and bank account do not belong to the same applicant, the bid can be rejected. Check that all three match before you apply for Jio IPO.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_Category_to_Apply_for_Jio_IPO_Retail_S-HNI_and_B-HNI_Limits\"><\/span><strong>Which Category to Apply for Jio IPO: Retail, S-HNI and B-HNI Limits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Category<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Lots<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shares<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Amount at Rs 1,119<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail (minimum) to apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,428<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail (maximum) to apply for Jio IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">168<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,87,992<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small HNI (minimum)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">180<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,01,420<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small HNI (maximum)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">74<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">888<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 9,93,672<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Big HNI (minimum)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">75<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">900<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,07,100<\/td>\n<\/tr>\n<\/table>\n<p>The amounts reconcile with the price band, because 14 lots of 12 shares at Rs 1,119 is Rs 1,87,992 and 74 lots is Rs 9,93,672 (my calculation). A bid of 15 lots moves you out of the retail group and into the small HNI group, where the quota and demand are different. In the morning reports I read, the non-institutional portion stood at about 0.26 times and retail at about 0.23 times, but these figures change every hour, so look at the live data before you decide how many lots to bid for.<\/p>\n<p><strong>Risk:<\/strong> If a category is oversubscribed, allotment can be by lottery, so a bid for 1 lot is not guaranteed to get shares, and a bigger bid does not raise your chance of getting any.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Shareholder_Quota_Who_Can_Apply_for_Jio_IPO_in_the_Reserved_Portion\"><\/span><strong>Reliance Shareholder Quota: Who Can Apply for Jio IPO in the Reserved Portion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Up to Rs 2,500 crore of the issue is reserved for eligible Reliance Industries shareholders as the shareholder quota, and the maximum bid in this category is Rs 2 lakh. The eligibility date reported is 14 Oct 2026, so buying Reliance shares now does not make you eligible. A report said a purchase by 13 Oct was needed under T+1 settlement. The shareholder quota is an extra route to apply for Jio IPO and does not guarantee allotment.<\/p>\n<ol>\n<li>You should be an individual or Hindu Undivided Family holding Reliance Industries equity shares on the record date.<\/li>\n<li>The shares must sit in the demat account linked to the PAN you use to bid.<\/li>\n<li>Select the shareholder quota category on your broker or bank screen, where it is offered, and enter the bid within the Rs 2 lakh cap.<\/li>\n<li>Confirm the exact conditions to apply for Jio IPO in the Red Herring Prospectus, because one report says holding a single share may meet the threshold but defers to the document.<\/li>\n<\/ol>\n<p>One report notes that a shareholder may also place a separate retail or non-institutional bid, but it does not say whether the Rs 2 lakh cap applies per application or in total. I could not settle this from the sources, so ask your broker before you apply for Jio IPO in more than one category. At about 10:40 AM IST the shareholder quota stood at 0.44 times, with bids of about 97.2 lakh shares against about 2.23 crore reserved.<\/p>\n<p><strong>Risk:<\/strong> A shareholder bid is rejected if the PAN does not match the demat account that held the Reliance shares on the record date.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_and_Listing_Date_for_Jio_Platforms\"><\/span><strong>Grey Market Premium and Listing Date for Jio Platforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO 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.<\/p>\n<p>The listing on NSE and BSE is proposed for 28 Oct 2026. The basis of allotment is expected on 26 Oct and refunds and share credit on 27 Oct, and these dates can change, so use the registrar and exchange notices as your source.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_Mistakes_When_You_Apply_for_Jio_IPO\"><\/span><strong>Common Mistakes When You Apply for Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Not approving the UPI mandate before the cut-off, which leaves the bid unconfirmed when you apply for Jio IPO<\/li>\n<li>Entering a UPI ID that belongs to someone else or is linked to an account with too little balance<\/li>\n<li>Using a demat account, PAN and bank account that do not match<\/li>\n<li>Placing more than one bid in the same category on the same PAN, which can lead to rejection of the duplicates<\/li>\n<li>Waiting for the last hour of 23 Oct to apply for Jio IPO, when broker and bank servers are busiest<\/li>\n<li>Treating allotment as certain after you apply for Jio IPO, when the issue can be oversubscribed in your category<\/li>\n<\/ol>\n<p><strong>Risk:<\/strong> Blocking Rs 13,428 or more for several days also means you cannot use that money elsewhere, so apply for Jio IPO only with money you do not need before 27 Oct.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_You_Apply_for_Jio_IPO\"><\/span><strong>What to Watch Next After You Apply for Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The retail, non-institutional and shareholder portions of the subscription on 22 and 23 Oct, before you apply for Jio IPO<\/li>\n<li>The 5 PM close on Friday 23 Oct, which is the last time to apply for Jio IPO<\/li>\n<li>The basis of allotment on 26 Oct and your allotment status after you apply for Jio IPO, on the KFin Technologies website<\/li>\n<li>Refunds and share credit on 27 Oct, and the proposed listing on 28 Oct 2026<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To apply for Jio IPO, you need an active demat account, a bid in lots of 12 shares between Rs 1,065 and Rs 1,119 per share, and a UPI mandate or ASBA authorisation before the 5 PM close on 23 Oct. Pick the right category, check that your PAN, demat and bank details match, and keep the bid within your own risk limit, because the funds stay blocked until the allotment is finalised.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_apply_for_Jio_IPO\"><\/span><strong>How can I apply for Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for Jio IPO in two ways. Through a broker you select the issue in the IPO section, enter lots of 12 shares and your UPI ID, and approve the UPI mandate in your UPI app. Through your bank you use the IPO page on net banking, which blocks the amount under ASBA, and both routes need an active demat account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_minimum_amount_to_apply_for_Jio_IPO\"><\/span><strong>What is the minimum amount to apply for Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The minimum is 1 lot of 12 shares, which is Rs 13,428 at the upper price band of Rs 1,119. The price band is Rs 1,065 to Rs 1,119, and bids must be in multiples of 12 shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_last_date_and_time_to_apply_for_Jio_IPO\"><\/span><strong>What is the last date and time to apply for Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bidding closes at 5 PM on Friday 23 Oct 2026. Sources differ on the last time to approve the UPI mandate on the final day, with one saying 5 PM and another 7 PM, so approve the request early and confirm the cut-off with your broker.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_maximum_retail_bid_when_you_apply_for_Jio_IPO\"><\/span><strong>What is the maximum retail bid when you apply for Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A retail bid can go up to 14 lots, or 168 shares, which is Rs 1,87,992 at Rs 1,119 per share (my calculation). A bid of 15 lots or Rs 2,01,420 moves you into the small HNI category, and 75 lots or Rs 10,07,100 starts the big HNI category.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Reliance_shareholders_apply_for_Jio_IPO_in_a_reserved_quota\"><\/span><strong>Can Reliance shareholders apply for Jio IPO in a reserved quota?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. Under the shareholder quota, up to Rs 2,500 crore is reserved for eligible Reliance Industries shareholders, with a bid cap of Rs 2 lakh. The reported eligibility date is 14 Oct 2026, the shares must be in the demat account linked to your PAN, and allotment is not guaranteed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_grey_market_premium_for_Jio_Platforms\"><\/span><strong>What is the grey market premium for Jio Platforms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_are_allotment_refund_and_listing_after_I_apply_for_Jio_IPO\"><\/span><strong>When are allotment, refund and listing after I apply for Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The basis of allotment is expected on 26 Oct 2026, refunds and share credit on 27 Oct and listing on NSE and BSE on 28 Oct, as proposed. These dates can change, so check the KFin Technologies website and the exchange notices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How can I apply for Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can apply for Jio IPO in two ways. Through a broker you select the issue in the IPO section, enter lots of 12 shares and your UPI ID, and approve the UPI mandate in your UPI app. Through your bank you use the IPO page on net banking, which blocks the amount under ASBA, and both routes need an active demat account.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum amount to apply for Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum is 1 lot of 12 shares, which is Rs 13,428 at the upper price band of Rs 1,119. 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