New Delhi, Oct 27: The basis of allotment for the Jio Platforms initial public offering was finalised on Tuesday, October 27, and applicants can now check their status on the websites of registrar KFin Technologies, the National Stock Exchange (NSE) and the BSE, using a PAN or application number, Upstox reported.

Source: Upstox

Shares will be credited to the demat accounts of successful allottees on Tuesday, October 27 itself, and refunds or the release of blocked funds for unsuccessful applicants will also be processed the same day. Jio Platforms shares will list on the NSE and BSE on Wednesday, October 28, 2026 at 10 am, following a pre-open session that will set the opening price, Upstox and Coinpedia reported.

Source: Coinpedia

The Rs 30,213-crore issue — yaani about Rs 302 billion, India's biggest-ever IPO — was subscribed 22.19 times overall. Investors bid for 4,38,26,15,568 shares against 19,75,25,934 shares on offer, according to consolidated NSE data cited by Upstox. Qualified institutional buyers subscribed 70.55 times, non-institutional investors 14 times and retail investors 2.72 times.

Source: Upstox

Total demand across the IPO and the anchor investor placement crossed Rs 7.4 lakh crore, and applications reached a record 1.39 crore, according to stock exchange data cited by Upstox. Each retail winner receives one lot of 12 shares, worth Rs 13,428 at the Rs 1,119 issue price, and retail applicants had roughly a 70 per cent chance of winning a lot because allotment in that category is decided by applicant count, Coinpedia reported.

Source: Upstox

In the unofficial grey market, the premium on Jio Platforms shares stood at about Rs 245-247 a share, pointing to a possible opening near Rs 1,366 — but the grey market premium is an unofficial indicator, not a guarantee of the actual listing price, Upstox and Coinpedia reported. Allotted shares appear in investors' holdings today but cannot be sold until trading begins on Wednesday.

Source: Coinpedia