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2h ago

Jio Platforms IPO Allotment Expected as Record Demand Tests Allocations

Heavy institutional demand squeezed retail allocations, signaling tight supply for the stock’s market debut.

Jio Platforms IPO allotment today: How to check application status; chances of getting shares & GMP
Jio IPO Allotment Status Live: Check Jio Platforms IPO Allotment, Direct Link, GMP Today, Listing Date
Jio Platforms IPO became the first ever issue globally to attract more than 1 crore applications. The issue overall drew more than 1.35 crore applications from investors.

Overview

  • The final basis of allotment for Jio Platforms’ ₹30,213-crore IPO is expected to be published on Monday, October 26, with KFin Technologies and the BSE/NSE allotment pages the official places to check using PAN or application number.
  • The issue drew very strong demand, receiving about 21–22 times overall subscription with QIB bids far outnumbering supply, retail subscription around 2.7 times, and more than 421 crore shares bid against 19.75 crore on offer.
  • Refunds for unsuccessful applicants and demat credits for allotted shares are scheduled to be processed on October 27 and the shares are slated to list on the BSE and NSE on October 28, subject to exchange confirmation.
  • Unofficial grey market trading showed a premium of Rs 247 on October 26 implying an estimated listing price near Rs 1,366 but this indicator is not authoritative and does not guarantee the actual listing price.
  • Kotak Mahindra Capital is the book-running lead manager and KFin Technologies is the registrar for the fresh issue of 27 crore shares, a size and allocation pattern that will shape who receives shares and how supply meets early trading demand.