Stories
Jio Platforms IPO Opens: QIB Fully Subscribed In 28 Minutes And GMP Surges
- •Jio Platforms Ltd’s initial public offering opened for public subscription on Wednesday, October 21, attracting strong early demand from institutional investors.
- •The QIB portion of the IPO was fully subscribed within just 28 minutes, receiving bids for 1.95 times the shares reserved for the category.
- •The grey market premium surged nearly 25 percent to Rs 276 per share, indicating positive sentiment ahead of the stock listing.
- •The three-day bidding period remains open until October 23, 2026, with investors tracking demand across retail and non-institutional categories.
Key Questions Answered
The Jio Platforms IPO opened for public subscription on October 21, 2026, and will close on October 23, 2026. Within just 28 minutes of opening, the Qualified Institutional Buyer (QIB) portion was fully subscribed at 1.95 times, while the overall issue achieved 56% subscription in early trade.
As of October 21, 2026, the grey market premium (GMP) for Jio Platforms surged nearly 25% to Rs 276 per share over the upper price band of Rs 1,119. This indicates an estimated listing price of around Rs 1,395 per share, representing potential listing gains of about 24.66%.
Investors can apply online through their stockbroker's platform (such as Groww, Zerodha, or AngelOne) or utilize a supported bank's ASBA facility. Applicants need to log into their investment account, select the IPO, choose their investor category, enter the desired number of lots based on a 12-share lot size, verify their details, and approve the payment mandate.
