Jio Platforms Limited IPO Subscription Update: Issue Subscribed 13.28x on Day 3
The Jio Platforms Limited IPO witnessed strong demand on its final day, receiving bids for 2,61,46,27,548 shares against 19,75,25,934 shares offered. The issue was subscribed 13.28 times overall, according to the figures provided.
The Non-Institutional Investors (NII) category recorded the highest subscription at 13.56 times, the Retail Individual Investors (RII) portion was subscribed 2.48 times, the employee category was subscribed 2.77 times, while the Qualified Institutional Buyers (QIB) portion stood at 35.43 times at the time of the latest update. Till: 23-Oct-2026 3:18 Pm
Jio Platforms IPO Subscription Details
| Sr. No. | Category | Subscription (Times) |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 35.43x |
| 2 | Non-Institutional Investors (NIIs) | 13.56x |
| 3 | Retail Individual Investors (RIIs) | 2.48x |
| 4 | Employees | 2.77x |
| 5 | Shareholders | 7.16x |
| Total | 14.86x |
Till: 23-Oct-2026 3:18 Pm
Jio Platforms IPO Overview and Purpose
The Jio Platforms IPO proposes to raise up to Rs 30,213 crore through a fresh issue of up to 27 crore equity shares, with no Offer for Sale (OFS) component. The price band is Rs 1,065 to Rs 1,119 per share, and the minimum lot size is 12 shares. At the upper end of the price band, the minimum investment is Rs 13,428.
Since the issue is entirely a fresh issue, the proceeds will go to Jio Platforms Limited rather than to existing shareholders selling their shares. The stated objectives include repayment or prepayment, in part or in full, of certain outstanding borrowings of its material subsidiary, Reliance Jio Infocomm Limited (RJIL), and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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