Reliance Jio Platforms Finalises IPO Allotment After Massive Demand

Investors are awaiting the share allotment results for the Rs 30,213-crore initial public offering of Reliance Jio Platforms, which is scheduled for October 26, 2026. The three-day bidding window closed with an overall subscription of 22.19 times, as investors placed bids for 421.87 crore shares against 19.75 crore shares on offer. Qualified institutional buyers led the demand with a 70.55 times subscription, followed by non-institutional investors at 14 times and retail investors at 2.72 times. Employee and shareholder categories recorded subscriptions of 2.93 times and 7.60 times respectively.

Allotment Details

Applicants can check their allotment status online through the official websites of the Bombay Stock Exchange, the National Stock Exchange, or the registrar KFin Technologies using their PAN, application number, or demat account details. Shares will be credited to successful investors' demat accounts on October 27, while refunds for unsuccessful applicants will be processed on the same day. The equity shares are scheduled to list on the BSE and NSE on October 28.

Offer Structure

The public issue consisted entirely of a fresh issue of 27 crore shares with no offer-for-sale component, set within a price band of Rs 1,065 to Rs 1,119 per share. Out of the total proceeds, Rs 27,500 crore will be used to repay borrowings of its wholly owned subsidiary, Reliance Jio Infocomm, with the rest earmarked for general corporate purposes. The grey market premium stood at Rs 250, indicating a potential listing price of Rs 1,369 based on the upper price band.

Context

Large public offerings like this require investors to verify their allotment status through designated stock exchange portals or official registrars before funds are refunded or shares are credited. Initial public offers provide companies with capital from public markets to fund expansion plans or pay off existing debts.