The countdown has officially begun for the most-awaited IPO to list on NSE and BSE. With the allotment process completed for the Jio Platforms IPO, the listing procedure is expected to be completed on October 28.

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

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

Jio Platforms IPO breaks previous records

Jio IPO received the highest ever applications for any initial public offering, with investors subscribing more than 22 times by the end of the application window period.

Subscription details:

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.

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 is required for a minimum lot of 12 shares. The price range is fixed at ₹1065- ₹1119 per share.

What is the latest GMP of Jio IPO?

As per various market analysts and media reports, the latest grey market premium (GMP) of Jio Platforms IPO is approximately ₹260 per share, hinting at a listing gain of around 23 per cent for investors who have been allotted the shares of Jio. However, GMP is an unofficial market price indicator and the final listing value can vary. 

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