Summary:
Jio Platforms' ₹30,213 crore IPO entered its final bidding day on October 23, 2026, after subscription reached 5.57 times. The unofficial grey-market premium stood near 22%, while investors tracked allotment details, issue pricing and the expected listing date.
The ₹30,213 crore initial public offering (IPO) of Jio Platforms Limited has entered its third and final day of bidding on Friday, October 23, 2026. The issue attracted strong demand during the first two days, with overall subscription reaching 5.57 times by Thursday's close. Meanwhile, the Jio Platforms IPO GMP is hovering around ₹240–₹245 per share, indicating an unofficial premium of approximately 21–22% over the upper price band.
Jio Platforms IPO Day 3: Latest Subscription Status
The Jio Platforms IPO subscription status stood at 5.57 times at the end of October 22, with investors bidding for approximately 110 crore shares against 19.75 crore shares available for subscription.
Qualified institutional buyers (QIBs) led demand, subscribing 13.29 times their allotted portion. Non-institutional investors followed at 5.97 times, while the retail category received bids for 1.54 times the shares reserved.
| Investor category | Subscription |
| Qualified institutional buyers | 13.29x |
| Non-institutional investors | 5.97x |
| Retail individual investors | 1.54x |
| Shareholder category | 4.04x |
| Employee category | 2.10x |
| Overall subscription | 5.57x |
Latest verified closing figures from October 22, 2026. Final Day 3 subscription figures are not yet available.
The issue was subscribed 3.16 times on Day 1, indicating a steady increase in demand during the bidding period.
Jio Platforms IPO GMP Today: What Does It Indicate?
The Jio Platforms IPO GMP remained positive on October 23, with available unofficial quotations ranging from approximately ₹240 to ₹245 per share.
At a GMP of ₹244, the indicative listing price works out to ₹1,363, compared with the upper issue price of ₹1,119. This represents a potential premium of around 21.8%.
Grey-market quotations have fluctuated over recent sessions, with some trackers reporting a premium above ₹270 earlier in the week.
These figures are unofficial and are not issued or validated by stock exchanges. Actual listing prices may differ significantly depending on market conditions and investor demand.
Jio Platforms IPO: Price Band, Lot Size and Listing Date
Jio Platforms, a subsidiary of Reliance Industries Limited (NSE: RELIANCE), has fixed its IPO price band at ₹1,065–₹1,119 per equity share.
The offering comprises approximately 27 crore fresh equity shares.
| IPO details | Information |
| Issue size | ₹30,213 crore |
| Price band | ₹1,065–₹1,119 |
| Lot size | 12 shares |
| Minimum investment | ₹13,428 |
| IPO closing date | October 23, 2026 |
| Expected allotment | October 26, 2026 |
| Expected listing | October 28, 2026 |
Why Is Jio Platforms IPO Attracting Strong Demand?
Jio Platforms operates one of India's largest digital connectivity businesses, offering mobile services, broadband connectivity and enterprise technology solutions.
Its established subscriber base, growing data consumption and expansion into digital services provide scale across multiple business segments.
However, the company's valuation, capital expenditure requirements, competition and future profitability remain important factors when assessing its financial position.
The strong institutional subscription indicates substantial participation from large investors, although demand differs across categories.
With the IPO closing on October 23, attention will shift towards final subscription numbers, share allotment and the scheduled October 28 listing.
The positive grey-market premium reflects current unofficial trading indications, but it does not guarantee listing gains. The final market valuation will depend on actual demand and prevailing stock-market conditions.
