Jio IPO Day 3 LIVE: Issue subscribed 5.94x, GMP Hints At 22% Gain; When is the Allotment & Listing?

Reliance-backed Jio Platforms' Rs. 30,213 crore IPO has entered its final round of bidding today, October 23, with the issue already subscribed 5.94 times by 10:04 AM.

Over the last two days, the JIO IPO has been in demand given the size and scale of the issue. QIBs are leading the demand, while the retail portion is yet to see a full-scale rush. Allotment is expected next week, and the shares are scheduled to list on the BSE and NSE on October 28.

The IPO, which opened on October 21, is a fresh issue at a price band of Rs. 1,065 to Rs. 1,119 per share, with a minimum bid of 12 shares, or Rs. 13,428 at the upper band. There is no offer for sale component, and around Rs. 27,500 crore of the proceeds will be used for prepaying borrowings of its subsidiary, Reliance Jio Infocomm.

Jio Platforms reported a 16% YoY rise in revenue and a 15% YoY rise in profit after tax for FY26. At the upper price band, the company's market capitalisation works out to roughly Rs. 10.3 lakh crore.

LIVE Feed

Oct 23, 2026, 11:33 am IST

Jio Platforms IPO Brokerage views

Most of the Brokerages are positive on the Jio Platforms IPO. Arihant Capital, Emkay Global, Swastika Investmart and Ventura Securities have all rated the issue Subscribe, mostly for the long term, citing strong growth prospects.

Oct 23, 2026, 11:16 am IST

Jio Platforms IPO Subscription

On the third day, the Jio Platforms IPO was subscribed 6.39 times as of 11 AM. The retail category has been subscribed 1.76 times, the QIB category (excluding anchors) 13.83 times, and the NII category 8.11 times.

Oct 23, 2026, 10:49 am IST

Jio Platforms IPO GMP Today

The grey market premium for the Jio Platforms IPO stood at Rs. 245 at 9:37 AM. At the upper price band of Rs. 1,119, this points to an estimated listing price of Rs. 1,364, a potential gain of 21.89%. GMP is unofficial and can change before listing.