Jio Platforms’ ₹30,213-crore initial public offering (IPO) attracted bids worth around ₹7.4 lakh crore, making it one of the most sought-after public issues in India’s market history. The issue was subscribed 22.19 times overall, against a total issue size of just over ₹30,000 crore.
Institutional investors led the demand, with the Qualified Institutional Buyers (QIBs) portion subscribed 70.55 times. The Non-Institutional Investors (NIIs) category was subscribed 14 times, while the Retail Individual Investors (RIIs) portion received 2.72 times subscription. The shareholder quota was subscribed 7.6 times and the employee portion 2.93 times.
With bidding closing on October 23, investors will now turn their attention to the allotment of shares, which is expected to be finalised on Monday, October 26. Jio Platforms is scheduled to list on the NSE and BSE on Wednesday, October 28.
Jio Platforms IPO allotment status: How to check online
Investors can check their allotment status on the official website of the IPO registrar, KFin Technologies, as well as through the stock exchanges.
How to check Jio Platforms IPO allotment status on KFin Technologies
1. Visit the official KFin Technologies IPO allotment portal: https://ipostatus.kfintech.com/ 2. Select ‘Jio Platforms Limited’ from the company selection dropdown. 3. Choose the search method, such as PAN or application number. 4. Enter the required details in the relevant field. 5. Submit the information to view your Jio Platforms IPO allotment status.
Investors can also check the allotment status through the official websites of the NSE and BSE.
Jio Platforms IPO: Price band and valuation
The IPO price band was fixed at ₹1,065-1,119 per share. At the upper end of the price band, Jio Platforms is valued at around ₹10.3 lakh crore, positioning it among India’s most valuable companies ahead of its stock market debut.
The listing will be closely watched by investors given the scale of the issue, the strong demand across investor categories and the company’s significance in India’s telecom and digital services sectors.
Following the allotment process, shares are expected to be credited to successful applicants’ demat accounts on Tuesday, October 27, ahead of the scheduled listing on October 28.
NOTE TO READERS
Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.