Jio Platforms IPO Allotment Results Expected, Final Price Set at ₹1,119

Jio Platforms raised about ₹8,110 crore from anchor investors on October 19, two days before its public issue opened for bidding. The anchor book drew a mix of domestic and global institutions, including Life Insurance Corporation of India, BlackRock and Fidelity. Shares were allotted to 212 anchor investors at ₹1,119 each, the top of the price band. Demand in this round far exceeded supply, with bids worth around ₹2.5 lakh crore, more than 30 times the shares reserved. Anchor investors cannot sell immediately after listing because their holdings come with a mandatory lock-in, which helps limit selling pressure in the stock’s early trading days on BSE and NSE.

Applicants who do not receive shares should have their money released on Tuesday, October 27, 2026. Most IPO bids are placed through ASBA or UPI, where funds are blocked in the investor’s bank account rather than withdrawn. In those cases, the block is lifted and the amount becomes available again, instead of a separate refund being sent. Partial allottees will see the unused portion of their blocked amount released on the same day.

The Jio Platforms IPO opened for public bidding on Wednesday, October 21, 2026, and closed on Friday, October 23. Tuesday, October 20, was a market holiday for Dussehra. The price band was set at ₹1,065 to ₹1,119 per share. Demand built quickly, with the issue fully covered within about 100 minutes of opening on day one, the fastest for any large Indian IPO. Subscription climbed to 3.16 times on day one and 5.57 times by the end of day two before closing at 22.19 times.

Retail investors applied for more than 23 crore shares against roughly 8.5 crore reserved for them. Because the category was oversubscribed nearly three times, allotment will be decided by lottery, and many small applicants may get nothing. Investors can check their status on the KFin Technologies, NSE and BSE websites once results are published.

Jio Platforms has fixed its issue price at ₹1,119 per share, the upper end of its ₹1,065 to ₹1,119 range, after the offer was subscribed about 22 times. At that price, the company is valued at roughly ₹10.3 lakh crore heading into its stock market debut on Wednesday, October 28. Reports put the final issue size at ₹30,188 crore.

KFin Technologies is the registrar for the issue. To check your status: Click “Submit”, Go to ipostatus.kfintech.com, Choose “Jio Platforms Ltd” from the list of IPOs, Enter your PAN, application number or demat account number

Jio Platforms will finalise share allotment today, Monday, October 26. Investors who bid in the ₹30,213 crore IPO should be able to see their status on the KFin Technologies, NSE and BSE websites later tonight. The stock is scheduled to debut on the exchanges on Wednesday, October 28.