Last updated: October 22, 2026, 6:00 AM IST
The Jio Platforms IPO enters its second day of bidding on Thursday, October 22, after a blockbuster start. India’s biggest-ever public issue was fully subscribed within about 100 minutes of opening on Tuesday and closed Day 1 at around 3.2 times overall, led by strong demand from institutional investors. Retail investors, however, are yet to fill their quota.
Bidding for Day 2 opens at 10 AM and closes at 5 PM. This page will be updated with the latest subscription figures through the day.
Jio IPO Subscription Status Day 2 (Live)
| Category | Day 1 (October 21) | Day 2 (October 22) |
|---|---|---|
| QIB (ex-anchor) | 9.42 times | Updating |
| NII | 1.83 times | Updating |
| Retail | About 0.73 times | Updating |
| Employees | 1.36 times | Updating |
| Shareholders | 1.46 times | Updating |
| Overall | 3.20 times | Updating |
Day 2 figures will be added once bidding begins at 10 AM.
Jio IPO Day 1 Recap
The Rs 30,213 crore issue received bids for about 3.2 times the shares on offer by the end of Day 1, according to exchange data reported on Tuesday evening. Qualified institutional buyers led the way at 9.42 times their quota, a day after the anchor book drew record bids of around Rs 2.5 trillion.
Non-institutional investors subscribed their portion 1.83 times. The special quota for Reliance Industries shareholders was booked 1.46 times, and the employee portion 1.36 times.
Retail Investors Yet to Fill Their Quota
The retail portion is the only category still below full subscription. Retail investors placed bids worth over Rs 6,900 crore on Day 1, against a retail quota of about 8.5 crore shares, worth roughly Rs 9,500 crore at the upper price band. That puts retail subscription at around 0.73 times.
Retail demand in large IPOs usually picks up on the last two days, so Day 2 and Day 3 will decide the final picture. If the retail portion stays under 1 time by the close on October 23, every valid retail application would get full allotment. If it goes above 1 time, shares will be allotted through a lottery, with one lot for each successful applicant.
For a detailed breakdown of the odds in each category, read our article on Jio IPO allotment chances.
Jio IPO GMP Today
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Jio IPO’s grey market premium stood at around Rs 260 to Rs 265 per share on October 21, according to market trackers. At the upper price band of Rs 1,119, that points to a possible listing price of around Rs 1,380, a premium of roughly 23% to 24%. GMP is an unofficial indicator and can change sharply before listing.
Jio IPO Details
| Issue size | Rs 30,213 crore (fresh issue of 27 crore shares) |
| Price band | Rs 1,065 to Rs 1,119 per share |
| Lot size | 12 shares |
| Minimum retail investment | Rs 13,428 at the upper band |
| Employee discount | Rs 54 per share |
| Registrar | KFin Technologies |
| Listing on | BSE and NSE |
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Jio IPO Key Dates
| IPO opens | October 21, 2026 |
| IPO closes | October 23, 2026 |
| Basis of allotment | October 26, 2026 |
| Refunds and share credit | October 27, 2026 |
| Listing date | October 28, 2026 |
Read more on how the issue was received by big investors in our report on the Jio Platforms anchor book.
Disclaimer: This article is for information only and is not investment advice. IPO investments carry market risk, and grey market premium figures are unofficial. Please consult a SEBI-registered investment adviser before making any investment decision.