Stories
Planning to apply for Jio IPO? Essential guide on bidding, eligibility and allotment rules
- •IPO investors are classified into Retail Individual Investors, Non-Institutional Investors, and Qualified Institutional Buyers, with special quotas for Reliance Industries employees and shareholders.
- •The Jio Platforms issue opens for public subscription on October 19, allowing applications through brokers, banks, or authorized IPO platforms using UPI or ASBA for payment mandates.
- •Reliance Industries shareholders had to buy shares by October 13 to be eligible for the shareholder quota, complying with India's T+1 settlement system.
- •Multiple applications under the same PAN in the same IPO category are rejected as duplicates, but family members can apply separately using their own PANs and eligible accounts.
- •Under ASBA or UPI, application funds are blocked in the bank account rather than immediately debited, and are released if shares are not allotted.
Key Questions Answered
Eligible individuals and Hindu Undivided Families (HUFs) holding shares in Reliance Industries could apply under the shareholder quota. Investors must have bought RIL shares by October 13, 2026, to meet the eligibility cut-off date due to India's T+1 settlement system, making shares purchased on October 14 ineligible for the quota.
No, you cannot buy shares today to qualify. Reliance Industries shareholders were required to purchase RIL shares by October 13, a day before the October 14 cut-off date, because shares bought on October 14 would be credited after the deadline under India's T+1 settlement system.
No. Multiple applications submitted under the same PAN in identical IPO categories can be rejected as duplicates. However, different family members can apply separately using their own individual PANs and eligible accounts.
