Jio IPO subscription details
Jio Platforms IPO received more than 1 crore applications, making it the highest-applied public offer worldwide. It has broken the previous record of 97 lakh applications in the Waaree Energies IPO. By the end of the Jio IPO, here’s how the subscription figures looked:
These figures show how strong the demand was across all investor categories. The strongest demand came from the QIB institutional portion with more than 64x subscription. Retail investors applied 2.69 times the reserved portion.
The final allocation depends on factors like shares reserved for a particular category and the allotment basis.
Where can you check Jio IPO allotment status?
There are 3 methods to check your Jio IPO allotment status:
- Through the NSE website,
- Through the BSE website, and
- Through KFin Technologies, the registrar for the Jio IPO.
If you open the website and the allotment status doesn’t appear, then it is possible that the allotment result is not out yet. You can check after some time.
Documents required to check Jio IPO allotment status
To check your Jio IPO allotment status online, you need any one of the following details, depending on the website:
- PAN number or
- IPO application number or
- Demat account number or
- Bank account number.
Note: No physical copies of your documents are required to check the Jio IPO allotment status. Any one of the above details is enough.
Check Jio IPO allotment status on NSE
The status of IPO allotment can be checked on the NSE’s website. The process is simple, as there’s a dedicated page on the NSE website for it. Here’s how you can check:
- Visit the IPO bid verification page.
- Click on ‘Equity & SME IPO bid details’.
- Pick ‘Jio Platforms Limited’ from the drop-down list.
- Fill in the request details like PAN or application number.
- Submit the details to view the status.
The NSE portal is used for verifying the IPO bid details. If you want to confirm whether the Jio shares were allotted to you, check the registrar’s website as well.
Check Jio IPO allotment status on BSE
BSE also has a separate page on website where you can check IPO application and allotment details. Here’s what you need to do:
- Open the BSE issue application status page.
- Select the issue type as ‘Equity’.
- In the Issue Name section, select ‘Jio Platforms Limited’ from the drop-down list.
- Enter either your PAN number or the application number.
- Enter the Captcha and click ‘Submit’.
Your allotment status should appear once the data has been uploaded to the BSE portal. If the result is not visible, you can check KFin Technologies instead.
Check Jio IPO allotment status through the registrar
As the official registrar of Jio Platforms IPO, KFin Technologies manages the application and allotment process. You can check your result directly through its official portal by following these steps:
- Go to the official KFin Technologies allotment status page.
- Select ‘Jio Platforms Limited’ from the IPO list.
- Choose the search option, such as PAN number, application number or demat account number.
- Based on your selection, enter the required details.
- Once entered, click on ‘Submit’.
Your allotment status will be displayed. If you don’t find Jio Platforms IPO in the list, then perhaps the result hasn’t been uploaded yet.
What happens after the allotment?
As the allotment process comes to an end, the next step depends on whether you have been allotted shares. If yes, then you can expect Jio Platform shares to reflect in your demat account on October 27. However, the shares will list on October 28. After that, you can track your shares like any other stocks on the exchange. You can also sell or add more units to your investment.
In case you don’t receive an allotment, the money blocked for your application is expected to be unblocked on October 27. This does not require you to take any steps. It will be done automatically.
Considering the oversubscription of the Jio IPO, you should keep in mind that an allotment is not guaranteed. When an IPO is subscribed more than 20x, it means 20+ investors are waiting for each share offered. Who receives the shares depends on the allotment basis.
The bottom line
If you receive Jio Platform shares, you can track them in your demat account after the credit date. Once trading begins, you can see the stock’s price movement and volume activity. If you don’t get an allotment, your blocked money will be released soon, and you can still follow the stock after listing.
An IPO application is just one way to invest in a company. You have the flexibility to evaluate the business and the price before making a new investment decision. If you decide to invest, the Millions app can make it seamless. Along with Jio Platforms stock, you can explore other investment options, such as mutual funds and ETFs. Always consider your risk capacity before investing money.
