Jio Platforms IPO Opens: Price Band, Lot Size, Key Dates, and How to Apply
Jio Platforms, the Reliance Industries company behind India's largest mobile network, opened its initial public offering on October 21, 2026. The price band is ₹1,065 to ₹1,119 per share, the minimum bid is one lot of 12 shares (₹13,428 at the top of the band), and bidding closes on October 23. Allotment is expected on October 26 and listing on the BSE and NSE on October 28.
It is one of the largest IPOs in Indian market history, and Reliance shares rose as it opened.
The most anticipated listing in Indian markets for years is finally open. Jio Platforms, Reliance Industries' digital arm and the company behind India's biggest mobile network, began taking bids for its initial public offering on Tuesday, October 21, 2026.
The essentials
The price band is ₹1,065 to ₹1,119 per share, as disclosed by Reliance in a filing on October 14. Investors bid in lots of 12 shares, so the minimum application at the top of the band costs ₹13,428. Individual retail investors can apply for up to 14 lots, or 168 shares, worth ₹1,87,992 at the upper price. Eligible employees get a ₹54 per share discount.
Bidding closes on Thursday, October 23. Allotment is expected to be finalised on October 26, refunds and demat credits should follow shortly after, and the shares are expected to list on the BSE and NSE on October 28.
How to apply
You need a demat account. Most people apply through their broker's app: find the Jio Platforms IPO in the IPO section, enter the number of lots and your bid price (choosing "cut-off" means you accept whatever final price is set), and enter your UPI ID. You then approve the mandate in your UPI app, which blocks the money in your bank account without debiting it. The money is only taken if you get shares. You can also apply through ASBA in your bank's net banking. Approve the UPI mandate well before the issue closes; late approvals are a common reason applications fail.
What about allotment?
Issues as popular as this are usually oversubscribed many times in the retail category. When that happens, SEBI's rules mean shares are allotted by lottery, with each successful retail applicant getting one lot. Applying for more lots doesn't improve your odds much; applying from different family members' PAN-linked demat accounts is the legitimate way households spread their chances. Once allotment is done, you can check your status on the registrar's site or the exchanges' IPO allotment pages using your PAN.
A word on the "GMP"
IPO websites are full of grey market premium figures, which claim to show where the shares will list. The GMP is unofficial and unregulated, and it moves sharply day to day. It can be a rough sentiment gauge, but plenty of IPOs have listed far from their GMP. Don't let it be the reason you apply.
This article explains the process and is not investment advice. Read the red herring prospectus, available on the SEBI, BSE and NSE websites, for the company's financials and risk factors before deciding.
Key Details
- IPO dates: Opens October 21, closes October 23, 2026
- Price band: ₹1,065 to ₹1,119 per share
- Lot size: 12 shares
- Minimum retail investment: ₹13,428 (1 lot at the upper band)
- Maximum retail investment: 14 lots, 168 shares, ₹1,87,992 at the upper band
- Employee discount: ₹54 per share for eligible employees
- Allotment: Expected October 26, 2026
- Listing: BSE and NSE, expected October 28, 2026
- Issue size: Reported at about ₹30,000 crore; check the final offer document for the exact figure
Expert Analysis
Most of the numbers above agree across brokerage and IPO-tracking sites, which take them from Reliance's exchange filing of October 14. The one figure that varies between sources is the total issue size, reported anywhere from about ₹28,700 crore to ₹30,200 crore, so we have not printed a single number. The red herring prospectus on the SEBI and exchange websites is the final word.
The grey market premium (GMP), widely quoted on IPO sites, is an unofficial, unregulated indicator. It changes by the hour and has often been a poor guide to actual listing prices. Treat it as gossip, not data.
Risks
Key Takeaways
- Jio Platforms' IPO is open from October 21 to October 23, 2026.
- Price band ₹1,065 to ₹1,119; one lot is 12 shares, or ₹13,428 at the upper band.
- Retail investors can bid for up to 14 lots (168 shares).
- Allotment is expected on October 26, with listing on BSE and NSE on October 28.
- Grey market premium is unofficial; read the prospectus before applying.
Frequently Asked Questions
What is the Jio IPO price band?
The Jio Platforms IPO price band is ₹1,065 to ₹1,119 per share, with a ₹54 per share discount for eligible employees.
What is the Jio IPO lot size?
One lot is 12 shares. At the upper price band, the minimum retail investment is ₹13,428, and retail investors can apply for up to 14 lots (168 shares).
When does the Jio IPO open and close?
It opens on October 21, 2026 and closes on October 23, 2026.
When is Jio IPO allotment and listing?
Allotment is expected on October 26, 2026, and the shares are expected to list on the BSE and NSE on October 28, 2026.
How do I apply for the Jio IPO?
Through your broker's app using UPI, or through ASBA in your bank's net banking. You need a demat account, and the UPI mandate must be approved before the issue closes.
How can I check Jio IPO allotment status?
Once allotment is finalised, check on the registrar's website or the BSE and NSE IPO allotment pages using your PAN or application number.
Source: Chittorgarh, Outlook Money
