Jio IPO Day 2 Live: Subscription Status, GMP Today, Price Band, Review, Allotment, Listing Dates; Key Updates

Jio IPO Day 2 Live: The second day of Jio IPO will begin from 10:00 am on Thursday, October 22, 2026, on BSE and NSE. Jio has fully subscribed and became the fastest subscribing IPO among the top 10 largest public issues like Hyundai, LIC, Paytm, Tata Capital and NSE among others.

The Jio Platform subscribed by 3.05x on Day 1 driven by strong buying from QIBs and NIIs whose portion oversubscribed by 9.06x and 1.64x respectively. However, the retail investors portion is yet to be fully subscribed as it bagged biddings of 71% of offered size. Overall, the IPO received total bids of 60,25,65,540 equity shares on Day 1 against offered size of 19,75,25,934 equity shares.

The IPO is open for subscription till October 23, 2026. Its price band is Rs 1,065-Rs 1,119 per share, with a minimum lot of 12 shares. At the upper price band, retail investors need at least Rs 13,428 to apply.

Of the issue size, 50% is reserved for qualified institutional buyers (QIBs), including foreign institutional investors, mutual funds, banks, insurers and NBFCs. Non-institutional investors (NIIs) get 35%, while retail investors are allotted the remaining 15%.

Majority of analysts have recommended SUBSCRIBE for the IPO for medium to long-term growth. The proceeds will be used to fully or partly repay outstanding borrowings of Jio's material subsidiary, Reliance Jio Infocomm Ltd (RJIL), and for general corporate purposes. {live-blog}