Jio Platforms IPO
Jio Platforms Limited (JPL) · mainboard IPO on NSE and BSE · Book Building. Bidding is open until Friday, 23 October; subscription below refreshes every 15 minutes.
Issue details
Timeline
- Bidding opensWed 21 Oct
- Bidding closesFri 23 Oct
- AllotmentMon 26 Oct
- Refunds & demat creditTue 27 Oct
- ListingWed 28 Oct
Allotment, credit and listing dates follow the T+3 timetable; the exchanges confirm the listing date nearer the time.
How much to bid
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 12 | ₹13,428 |
| Retail (max) | 14 | 168 | ₹1,87,992 |
| Small NII (min) | 15 | 180 | ₹2,01,420 |
| Small NII (max) | 74 | 888 | ₹9,93,672 |
| Big NII (min) | 75 | 900 | ₹10,07,100 |
At the upper end of the price band (₹1,119). Retail bids go up to ₹2 lakh, small NII from above ₹2 lakh to ₹10 lakh, big NII above ₹10 lakh.
Check allotment status
Allotment is finalised on Monday, 26 October; status pages usually update that evening.
You need your PAN or application number. Shares are credited to your demat account on 27 October; blocked money for bids not allotted is released the same day.
AI listing estimate Live, moves with bids
"Likely" is the middle 60% of outcomes our AI model expects; one IPO in five can be expected to list above that range and one in five below it. While bidding is open the estimate uses the bids so far; most institutional and HNI money arrives on the last day, so an early estimate usually understates strong issues. See how the estimates have done.
| Bids as of | Total subscription | Listing gain estimate | Max gain estimate | Chance of a gain |
|---|---|---|---|---|
| 23 Oct, 04:42 PM | 18.2x | +12.0% | +17.5% | 82% |
| 23 Oct, 04:24 PM | 17.2x | +12.0% | +17.5% | 82% |
| 23 Oct, 04:21 PM | 16.8x | +12.0% | +17.5% | 82% |
| 23 Oct, 04:12 PM | 16.2x | +12.0% | +17.5% | 82% |
| 23 Oct, 03:54 PM | 14.6x | +10.5% | +15.4% | 51% |
| 23 Oct, 03:42 PM | 14.2x | +10.1% | +15.3% | 51% |
| 23 Oct, 03:30 PM | 13.6x | +7.7% | +14.3% | 80% |
Subscription status live
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 4,90,07,827 | 2,67,98,90,544 | 54.7x | |
| NII (HNI) total | 3,64,44,569 | 50,39,60,796 | 13.8x | |
| Big NII (above ₹10 lakh) | 2,42,96,380 | 38,23,77,684 | 15.7x | |
| Small NII (₹2-10 lakh) | 1,21,48,189 | 12,15,83,112 | 10.0x | |
| Retail | 8,50,37,327 | 22,35,93,588 | 2.63x | |
| Employees | 46,94,835 | 1,33,92,264 | 2.85x | |
| Shareholders | 2,23,41,376 | 16,68,56,892 | 7.47x | |
| Total | 19,75,25,934 | 3,58,76,94,084 | 18.2x |
Bids on NSE and BSE together, as published by NSE, as of 23 Oct 2026, 04:42 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
How bids built up
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Jio Platforms's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HDB Financial ServicesJun 2025 | 55.5x | 9.99x | 1.41x | 16.7x | ₹13,214 Cr | +12.8% | +15.1% |
| Vishal Mega MartDec 2024 | 80.7x | 14.2x | 2.31x | 27.3x | ₹8,432 Cr | +33.3% | +46.7% |
| Bharti HexacomApr 2024 | 48.6x | 10.5x | 2.83x | 29.9x | ₹4,275 Cr | +32.5% | +54.4% |
| Bandhan BankMar 2018 | 38.7x | 13.9x | 1.20x | 14.6x | ₹4,473 Cr | +33.1% | +33.1% |
| Aadhar Housing FinanceMay 2024 | 72.8x | 16.5x | 2.46x | 25.5x | ₹3,151 Cr | 0.0% | +9.1% |
| PB FintechNov 2021 | 24.9x | 7.82x | 3.31x | 16.6x | ₹6,224 Cr | +17.4% | +27.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| BofA Securities India | 18 | +30.6% | 72% |
| Axis Capital | 107 | +20.4% | 73% |
| BNP Paribas | 10 | +10.5% | 50% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| CLSA India | 10 | +23.5% | 70% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Goldman Sachs (India) | 16 | +18.4% | 69% |
| HDFC Bank | 16 | +15.8% | 75% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Jeffries India | 26 | +19.5% | 81% |
| JM Financial | 109 | +22.8% | 75% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| SBI Capital Markets | 56 | +16.7% | 61% |
| UBS Securities India | 5 | +9.9% | 100% |
| 360 ONE WAM | 3 | +12.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Jio Platforms IPO price band and lot size? ₹1,065–1,119 per share, with a lot of 12 shares, so the smallest retail bid is ₹13,428.
When are allotment and listing? Allotment Monday, 26 October; refunds and demat credit 27 October; listing Wednesday, 28 October (expected). Allotment status is published by the registrar, Kfin Technologies Limited, and on the NSE and BSE websites.
How many times has it been subscribed? 18.2x overall: QIB 54.7x, NII 13.8x, retail 2.63x, employees 2.85x.
What listing gain can be expected? Our AI estimate is +12% at the open (likely +1% to +45%), and the chance of listing above the issue price is put at 82%. This is a statistical estimate, not a forecast or advice.
