Jio Platforms has completed its record-breaking initial public offering, with investors eagerly awaiting the allotment status announcement on October 26 ahead of the scheduled listing on October 28. The issue was subscribed over 22 times, drawing massive participation from institutional, non-institutional, and retail investors alike

Jio Platforms has completed its record-breaking initial public offering, with investors eagerly awaiting the allotment status announcement on October 26 ahead of the scheduled listing on October 28. The issue was subscribed over 22 times, drawing massive participation from institutional, non-institutional, and retail investors alike

Jio Platforms has completed its record-breaking initial public offering, with investors eagerly awaiting the allotment status announcement on October 26 ahead of the scheduled listing on October 28. The issue was subscribed over 22 times, drawing massive participation from institutional, non-institutional, and retail investors alike

All eyes are on the allotment status of the much-awaited Jio IPO, that is scheduled to be tentatively listed on October 28.

As per the schedule, investors who have applied for the initial public offering of Jio Platforms will be informed about their allotment status on October 26. Applicants who have not been allotted shares will receive the invested amount in due course of time as per the bank rules and regulations.

Breaking all time records, Jio IPO received the highest ever applications for any initial public offering in the country. According to the official website of the National Stock Exchange (NSE), Jio Platforms IPO was subscribed more than 22 times by the end of the subscription window period.

Qualified Institutional Buyers(QIBs) bid 70.55 times, with 345.75 crore bids drawn against 4.9 crore shares offered. Non Institutional Investors subscribed 14 times, with 51 crore bids drawn against 3.6 crore shares offered. Retail Individual Investors(RIIs) subscribed 2.72 times.

Jio IPO subscription details:

The official period for investors to opt to subscribe to the Jio Platforms IPO was open from October 21 to October 23.  With an issue size of Rs 30,213 crore, the shares of Jio are proposed to be listed on the BSE and NSE. For those who are interested in applying for the IPO, a minimum investment amount of ₹12,780 was required for a minimum lot of 12 shares. The price range is fixed at ₹ 1065- ₹ 1119 per share.

Jio IPO latest GMP:

As per various market analysts and media reports, the latest grey market premium (GMP) of Jio Platforms IPO is approximately ₹247 per share, which corresponds to around 22 per cent listing gain for investors who have been allotted the shares. However, GMP is an unofficial price indicator and can change at the time of listing.

How to check the allotment status:

  1. Visit the official website of NSE or BSE
  2. Select Equity under Issue Type
  3. Choose the name of the company from the Issue Name drop-down
  4. Enter your Application Number or PAN Number
  5. Verify the allotment status

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