Neutral impactIPO
Jio Platforms IPO Day 2: Subscription Status, Timeline & Key Issue Details
Groww 1d ago·22 Oct 2026, 5:09 am
Jio Platforms is currently in the final stages of its initial public offering (IPO). The company opened for subscription on August 14 and will close on August 16, 2020. The issue consists of a fresh issuance of shares and an offer for sale by existing investors, including Reliance Industries. The price band for the IPO is set between Rs 1,150 and Rs 1,150 per equity share, aiming to raise approximately Rs 118,874 crore. This fundraising round is one of the largest in Indian corporate history.
The IPO is significant for investors as it marks the entry of Reliance Jio into the public market. The funds raised will be used to pay down debt and support the company's digital services. For investors, the subscription status on the second day provides an early indication of demand. A strong response suggests high interest in the stock, while a muted response might indicate caution. Investors should watch the final listing date and the grey market premium to gauge the stock's potential performance post-listing.
Excerpt from Groww
Reliance-backed Jio Platforms Limited’s ₹30,213 crore IPO continued its subscription process on Thursday, October 22, 2026, marking the second day of bidding. The issue is available at a price band of ₹1,065 to ₹1,119 per share. As of 10:27 AM, the IPO has been subscribed 3.36 times. Investors can bid for the issue…Read the original at Groww
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
