The Jio Platforms IPO retail portion reached full subscription by 11:00 a.m. on October 22, 2026, during the second day of bidding. Overall demand for the Rs 30,213 crore offering stood at 3.47 times the shares available, with qualified institutional buyers leading subscriptions, BSE data showed.
Key Takeaways
- Retail investors fully subscribed their allocation during the second bidding day.
- Institutional bids reached 9.42 times the shares reserved for that category.
- The offering was scheduled to remain open until October 23, 2026.
Table of Contents
- Jio Platforms IPO demand is led by institutions
- Opening-day bids preceded the retail milestone
- Conclusion
Jio Platforms IPO demand is led by institutions
Qualified institutional buyers subscribed for 9.42 times their allocation by the 11:00 a.m. update, well ahead of the other disclosed investor categories. Non-institutional investors, shareholders and employees had also submitted bids exceeding their respective reserved portions.
The retail milestone means applications covered the shares available in that category. It does not mean bidding had closed or that every applicant would receive the full number of shares requested.
The subscription figures were an intraday snapshot rather than the final second-day tally. With bidding still open, both the overall multiple and the category totals could change.
| Item | Details |
|---|---|
| Retail individual investors | Fully subscribed by 11:00 a.m. on October 22, 2026 |
| Non-institutional investors | 2.34 times subscribed at the same update |
| Shareholder reservation | 2.06 times subscribed at the same update |
| Employee reservation | 1.61 times subscribed at the same update |
Opening-day bids preceded the retail milestone
The overall offering had already reached full subscription within 100 minutes of opening on October 21. By 5:00 p.m. that day, investors had placed bids worth about Rs 69,800 crore for 62.36 crore shares.
Those bid values measure demand for shares, not the amount the company will raise. The stated offering size remained Rs 30,213 crore.
SEBI’s red herring prospectus filing record, dated October 15, 2026, documents the offer’s regulatory filing stage. That record provides prospectus context, rather than verification of the October 22 intraday subscription figures.
The next scheduled milestone was the close of bidding on October 23, when the final subscription totals would provide a fuller picture of demand across investor groups.
Conclusion
The Jio Platforms IPO had attracted bids above every disclosed category’s allocation by the October 22 morning update. The October 23 bidding close was the next scheduled point for assessing final demand.
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