Jio Platforms IPO Allotment Status Live: Check status online; GMP signals 22% listing premium

Jio Platform IPO Allotment, GMP LIVE Updates: The day lakhs of investors have been waiting for is finally here. The Jio Platforms IPO share allotment will be finalised today, October 26.

Backed by Mukesh Ambani-led Reliance Industries, the Rs 30,213-crore issue was open from 21 to 23 October.

The IPO was subscribed 22.19 times, with total demand, including anchor investors, topping Rs 7.4 lakh crore. The public issue alone drew bids worth over Rs 4.9 lakh crore, excluding the anchor portion.

Small investors turned up in force too. Retail demand crossed Rs 25,867 crore, and nearly 1.39 crore applications poured in, an unprecedented response for a digital services company.

So who gets the shares, and how many? With demand this heavy, the suspense is real. Some will celebrate a lucky allotment, while others will wait for the next big opportunity.

Follow our live blog for the latest updates on Jio Platforms IPO allotment, status checks and listing-related developments.

Jio Platforms IPO Allotment LIVE: Check allotment status on NSE, BSE, refund details, GMP today, listing date, and price band

There are three ways to check your allotment status, through the registrar, on BSE, or on NSE.

The registrar, KFin Technologies, runs the main portal. Pick the Jio Platforms issue from the “Select IPO” dropdown. Then enter your PAN (Permanent Account Number), demat account number or application number, type the captcha and press “Submit”.

On the BSE (formerly Bombay Stock Exchange), choose “Equity” under issue type, then select the issue and enter your application number or PAN.

On NSE (National Stock Exchange), register through the “Click here to sign up” link using your PAN. Another route is the bid verification page, where you select “Equity & SME IPO bid details”, choose Jio Platforms and enter your PAN or application number.

The issue is entirely fresh, with 27 crore new equity shares. Most of the proceeds are earmarked for repaying borrowings of Reliance Jio Infocomm. The rest is meant for general corporate purposes.

Before listing, shares trade informally in what is called the grey market. The grey market premium (GMP) is the extra amount buyers are willing to pay over the issue price. Today it stands at Rs 247. Added to the upper price of Rs 1,119, that points to a listing price near Rs 1,366, about 22.07 per cent higher, according to experts.

Over the last 22 sessions, the premium has moved between Rs 148 and Rs 273. The grey market is unofficial and unregulated, so treat these figures as a mood indicator, not a promise.

Large institutions led the charge. The qualified institutional buyer (QIB) portion, which covers big funds and insurers, was subscribed 70.55 times, according to reports published after the issue closed. The non-institutional category was subscribed 14 times. Ordinary retail investors bid for 2.72 times the shares reserved for them, with demand above Rs 25,867 crore, as per stock exchange data.

With so many bidders chasing limited shares, not everyone will get an allotment. Retail applicants, who needed at least Rs 13,428 for one lot of 12 shares at the top price of Rs 1,119, should be prepared for either outcome.

If you miss out, refunds are scheduled to begin on Tuesday, 27 October. Successful applicants should see shares in their demat (dematerialised) accounts the same day.

Trading on the BSE and NSE is expected to begin on Wednesday, 28 October. These dates are tentative, so check the exchange or registrar websites for updates.

The BSE (formerly Bombay Stock Exchange) offers a similar route. Choose “Equity” under issue type, then select the issue and enter your application number or PAN.

The NSE (National Stock Exchange) takes a little more effort. Register through the “Click here to sign up” link using your PAN. Another route is the bid verification page, where you select “Equity & SME IPO bid details”, choose Jio Platforms and enter your PAN or application number.

The Reliance Industries-backed company’s initial public offering (IPO), where a company sells shares to the public for the first time, aimed to raise Rs 30,213 crore. It opened on 21 October and closed on 23 October.

Demand was huge. The issue was subscribed 22.19 times, meaning investors bid for more than 22 times the shares on offer. Counting the anchor investor placement, total demand crossed Rs 7.4 lakh crore, and nearly 1.39 crore applications came in. Excluding anchors, bids in the public issue alone topped Rs 4.9 lakh crore.

The grey market premium (GMP) for Jio Platforms’ IPO stands at Rs 247, suggesting an indicative listing price of Rs 1,366 per share. This implies a potential gain of 22.07%, based on the 12-share lot size and upper price band.

However, GMP is unofficial, and can fluctuate sharply and does not guarantee listing gains.

Jio Platforms initial public offering (IPO) received tremendous response from investors, attracting bids worth over Rs 7 lakh crore.

The issue was subscribed 22.2 times, with investors bidding for 4.38 billion shares across the three days, driven by qualified institutional buyers (QIB).

The QIB portion was subscribed 70.6 times, with bids for 3.46 billion shares against just 49 million shares on offer. The non-institutional investors (NIIs) portion was subscribed 14 times, with bids for 510.4 million shares against 36.44 million shares on offer and the retail investor portion was subscribed 2.72 times.