Jio Platforms IPO Day 2: Subscribed 3.92x; QIB demand leads at 9.60x
- Jio Platforms IPO subscribed 3.92x overall on Day 2
- QIB demand leads with 9.60x subscription
- Retail investors cross 1x mark at 1.14x
- NII (bHNI) segment jumps 14.2% intra-day
*this image is generated using AI for illustrative purposes only.
Jio Platforms IPO saw robust demand on Day 2, reaching a cumulative subscription of 3.92 times. QIBs led the charge with a 9.60x subscription, while Retail investors crossed the 1x mark at 1.14x.
Subscription Status
The issue maintained its momentum on the second day, with total subscription rising from 3.22x on Day 1 to 3.92x on Day 2. The surge was primarily driven by institutional interest, which remained the strongest contributor throughout the period. NII (bHNI) showed significant improvement, jumping 14.2% from the previous snapshot to reach 2.58x.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 21-10-2026 | 9.02x | 1.31x | 1.74x | 0.69x | 3.22x |
| Day 2 | 22-10-2026 | 9.60x | 2.58x | 3.29x | 1.14x | 3.92x |
Category-wise Breakdown
Qualified Institutional Buyers (QIB) continued to dominate the subscription landscape, clocking in at 9.60x by the end of Day 2, up from 9.02x on Day 1. Non-Institutional Investors (NII) also showed significant improvement, with Big HNI (bHNI) subscription jumping to 2.58x and Small HNI (sHNI) rising to 3.29x. Retail investors crossed the fully subscribed threshold, recording a 1.14x subscription compared to 0.69x on the opening day. Employee subscription stood at 1.74x.
Intra-day Timeline
The latest snapshot from Day 2 reflects the steady accumulation of bids throughout the trading hours, with notable jumps in NII and Retail segments between 11:30 and 12:30 IST.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:30 | 9.42x | 2.26x | 1.05x | 3.74x |
| 12:30 | 9.60x | 2.58x | 1.14x | 3.92x |
Offer Details
The Jio Platforms IPO is open for subscription from October 21, 2026, to October 23, 2026. The price band has been set between ₹1065 and ₹1119 per share.
| Parameter | Details |
|---|---|
| Price Band | ₹1065 - ₹1119 |
| Issue Size | ₹12,780 crore - ₹5,00,000 crore |
| Minimum Bid Quantity | 12 shares |
| Opening Date | 2026-10-21 |
| Closing Date | 2026-10-23 |
About the Company
Jio Platforms Limited is an India-based technology platform built on proprietary digital technology and pan-India digital connectivity. Serving 533.3 million customers as of June 30, 2026, through its subsidiary Reliance Jio Infocomm Limited (RJIL), the company operates an end-to-end proprietary 5G standalone technology stack. It is the only such globally deployed at nationwide scale, covering network, devices, operating systems, and digital applications.
Financial Highlights
The company reported strong financial performance in Fiscal 2026, with revenue from operations of ₹1,46,885.30 crore and profit before tax of ₹40,353.10 crore.
| Particulars (₹ crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue from Operations | 146885.30 | 128218.40 | 109558.10 |
| Profit Before Tax | 40353.10 | 35127.30 | 28808.00 |
| Net Profit | 30049.10 | 26109.00 | 21423.20 |
Objects of the Issue
The net proceeds from the issue are proposed to be utilized for:
- Prepayment of outstanding borrowings of material subsidiary RJIL to reduce net debt and improve net leverage.
- General corporate purposes including strategic initiatives, funding organic and inorganic growth, capital expenditure, and working capital requirements.
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