io Platforms IPO GMP Day 1 live updates:Jio Platforms’ ₹30,213-crore initial public offering (IPO) was subscribed 1.27 times on Day 1 of bidding as of 11:30 am on October 21. The qualified institutional buyers (QIBs) portion was subscribed 3.86 times, while the non-institutional investor (NII) and retail individual investor (RII) portions were subscribed 0.42 times and 0.33 times, respectively. Follow live updates on subscription status, grey market premium (GMP), issue details and analyst recommendations. Follow Businessline for more updates.
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- October 21, 2026 12:45
Ipo
Jio Platforms IPO: Subscription snapshot as of 12.42 pm
Jio Platforms’ initial public offering (IPO) was subscribed 1.45 times overall as of 12.42 pm on Wednesday, October 21, according to the cumulative demand schedule.
The company received bids for 28.58 crore shares against 19.75 crore shares offered or reserved across investor categories.
The qualified institutional buyers (QIBs) portion was subscribed 4.13 times, while the non-institutional investor (NII) portion was subscribed 0.59 times. The retail individual investor (RII) category was subscribed 0.45 times.
The employee reservation was subscribed 0.97 times, while the reservation for Reliance Industries shareholders was subscribed 0.85 times.
- October 21, 2026 12:12
Ipo
Subscription status as of noon
Qualified Institutional Buyers (QIBs): 4.10x
Non-Institutional Investors (NIIs): 0.50x
— Applications above ₹10 lakh: 0.41x
— Applications above ₹2 lakh and up to ₹10 lakh: 0.67x
Retail Individual Investors (RIIs): 0.40x
Employee reservation: 0.89x
Reliance Industries shareholders’ reservation: 0.74x
Total subscription: 1.39x
- October 21, 2026 11:42
Ipo
Jio Platforms IPO subscribed 1.27 times on Day 1; QIB portion at 3.86 times
Jio Platforms’ initial public offering (IPO) was subscribed 1.27 times overall as of 11:30 am on Wednesday, October 21, according to the cumulative demand schedule.
The company received bids for 25.02 crore shares against 19.75 crore shares offered or reserved across investor categories.
The qualified institutional buyers (QIBs) portion was subscribed 3.86 times, with bids for 18.91 crore shares against 4.90 crore shares offered.
The non-institutional investor (NII) portion was subscribed 0.42 times, while the retail individual investor (RII) category was subscribed 0.33 times. The employee reservation was subscribed 0.78 times and the shareholder reservation portion 0.62 times.
Jio Platforms is seeking to raise up to ₹30,213 crore through a fresh issue of up to 27 crore equity shares, priced at ₹1,065–₹1,119 apiece. The IPO opened for subscription on October 21 and will close on October 23.
- October 21, 2026 11:35
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Jio Platforms IPO Subscription status mid morning
Total: 1.27 times
Qualified Institutional Buyers (QIBs): 3.86 times
Non Institutional Investors(NIIS): 0.42 times
Retail Individual Investors (RIIs): 0.33 times
Employee Reserved: 0.78 times
Reservation Portion Shareholder: 0.62 times
- October 21, 2026 10:33
Ipo
Jio Platforms IPO Subscription status
Total: 0.91 times
Qualified Institutional Buyers (QIBs): 2.90 times
Non Institutional Investors(NIIS): 0.24 times
Retail Individual Investors (RIIs): 0.21 times
Employee Reserved: 0.54 times
Reservation PortionShareholder: 0.41 times
- October 21, 2026 10:28
Ipo
Jio Platforms IPO: Brokerages see long-term potential, flag risks
Brokerages have cited Jio Platforms’ subscriber base, market position, profitability and opportunities in digital services as factors supporting the investment case. Shriram Research, Systematix, Anand Rathi, Religare Broking and SBI Securities have recommended subscribing to the issue for the medium- to long-term, based on the research notes provided.
Motilal Oswal Research has highlighted the company’s valuation and potential listing gains alongside its long-term prospects. Key risks flagged by brokerages include regulatory interventions, competition, capital expenditure requirements, dependence on Reliance Jio Infocomm and the ability to monetise its digital services.
- October 21, 2026 09:55
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Brokerages' take on Jio Platforms' IPO
Mega IPO: Here is what brokerages say about Jio Platforms’ ₹30,213 crore issue
The issue is entirely a fresh issue of up to 27 crore equity shares, with a price band of ₹1,065–₹1,119 per share, aggregating up to ₹30,213 crore at the upper end.
- October 21, 2026 09:47
Ipo
Jio Platforms IPO: What investors should track on Day 1
Investors will track subscription demand across qualified institutional buyers, non-institutional investors and retail investors as the issue opens. The IPO reserves up to 50 per cent of the shares for qualified institutional buyers, at least 15 per cent for non-institutional investors and at least 35 per cent for retail investors.
The offer also includes a reservation of 46,94,835 shares for employees at a discount of ₹54 per share and a shareholder reservation of 2,23,41,376 shares for eligible Reliance Industries shareholders.
Subscription figures will become available after bidding opens.
- October 21, 2026 09:45
Ipo
Jio Platforms allots ₹8,109.85 crore worth of shares to anchor investors
Jio Platforms has allotted 7.24 crore shares to 212 anchor investors at ₹1,119 apiece, raising ₹8,109.85 crore ahead of its IPO opening. Institutional demand for the anchor book exceeded ₹2.5 lakh crore, or more than 30 times the amount available, according to a stock exchange filing and people familiar with the matter.
Life Insurance Corporation of India received the largest allocation, worth ₹499.98 crore, followed by New World Fund Inc at ₹486.27 crore and the Government of Singapore at ₹340.93 crore.
- October 21, 2026 09:32
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Jio Platforms IPO opens today; issue to close on October 23
Jio Platforms’ initial public offering opens for public subscription on Wednesday, October 21, and will close on Friday, October 23. The company is seeking to raise up to ₹30,213 crore through a fresh issue of up to 27 crore equity shares, priced in a band of ₹1,065–₹1,119 per share.
The minimum bid is 12 equity shares and in multiples thereof. The IPO will provide public-market investors with direct exposure to Reliance Industries’ digital connectivity and services business.
Published on October 21, 2026
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