Allotment for Jio Platforms' ₹30,213-crore IPO is set to finalize Monday, capping a three-day bidding window that ended with a 22.19x overall subscription. The issue closed on October 23 after opening October 21, pulling in approximately 1.3 crore applications. Total demand including anchor investors neared ₹7.5 lakh crore, per exchange filings.
Institutional money moved fast. Qualified institutional buyers (QIBs) subscribed their portion 70.55 times. Non-institutional investors (NIIs) hit 14x, while the retail tranche came in at 2.72x. The employee and Reliance Industries shareholder categories were subscribed 2.93x and 7.6x, respectively. The public issue sold out in the first 100 minutes on Day 1.
Investors can verify status via KFin Technologies, the designated registrar, or directly on BSE and NSE portals once data uploads. The stock is priced at the top of the ₹1,065–₹1,119 band, with a lot size of 12 shares. That puts the entry cost for one retail lot at ₹13,428.
Street sentiment leans bullish, with grey market premium (GMP) trading at 22% ahead of the debut. This implies a potential opening price near ₹1,365, though actual listing gains will only crystallize on Wednesday, October 28, when the shares hit the exchanges.
For traders, the focus remains on opening price discovery. Long-term holders will watch if the 22x subscription translates into sustained demand post-listing, given the massive institutional backing already secured.