How did the Jio IPO perform on Day 1?
The public offer opened on October 21, 2026, and saw a strong demand from the start. Within the first 2 hours, the issue was fully subscribed overall. However, retail participation was slow at 0.73 times by the end of the first day. QIB had subscribed 9.42 times, whereas NIIs subscribed 1.68 times their reserved portion.
The retail demand started to pick up on the second day, as it was fully subscribed by the first half. Later, retail subscription crossed 1.27x, while overall subscription crossed the 4x mark. This shows that the demand continued to grow even from institutional investors.
However, subscription numbers don’t tell you the whole story. Other factors in the issue should also be considered.
Jio IPO Day 2: Key details to keep in mind
The issue is on its way to becoming India’s biggest IPO by size. The reason this issue has attracted a lot of attention is that Jio Platforms already has a large customer base. It has had a huge presence in India’s telecom and digital services market since 2016.
The Jio Platforms IPO is entirely a fresh issue of shares. The company plans to raise ₹30,213 crore by issuing up to 27 crore new equity shares. This issue includes no Offer for Sale component. Here are the key details you should know.
If you apply for the IPO, you will need ₹13,428 for one lot at the upper end of the price band. The amount will be blocked during the application process and is debited only if you get the allotment.
Jio Platforms IPO: Business and financials
Jio Platforms is Reliance Industries Limited’s digital and telecom business. Its main subsidiary, Reliance Jio Infocomm, provides mobile and broadband services across India. The company also works in digital services, enterprise solutions, and cloud technology. It serves 533 million customers and handles close to 60% of India’s wireless data traffic.
Its large customer base gives the business a strong position in the telecom market. But Jio is also trying to grow beyond mobile connections through home broadband, enterprise services and newer digital products. These businesses could create new revenue sources, though it depends on how successfully Jio can capitalise on them.
Let’s take a quick look at its key financials over the last two financial years:
Revenue from operations increased by about 14.6% in FY26, while PAT rose by around 15%. Jio Platforms plans to use up to ₹27,500 crore from IPO proceeds to repay or prepay certain borrowings of Reliance Jio Infocomm. Debt repayment could reduce interest costs, but risks like strong competition still remain.
What next for the Jio Platforms IPO?
The Jio IPO will remain open for subscription till October 23. If you haven’t applied on Jio IPO Day 2, you still have time to review the offer documents and decide whether it suits your investment goals. Day 3 will tell the final subscription numbers.
After the final day, the next key event will be allotment, which is expected on October 26. If shares are allotted, they will be credited to your demat account on October 27. And the shares will list a day later, on October 28.
But do keep in mind that the subscription figures can change while the issue remains open. Before applying, look at the company’s valuation, financials, and business risks rather than relying only on the expected numbers.
The bottom line
The Jio IPO Day 2 has seen strong demand, but just because it is India’s biggest public offer doesn’t mean it is the right investment for everyone. If you are new to IPOs, you should understand how applications and allotments work. Don’t simply jump into applying for an IPO just for a quick listing gain.
Learn about the company’s business, understand its financial performance, and study the strengths and risks of investing in it. If it matches your investment needs and risk capacity, you can consider applying, with an intention to stay invested for the long term.
