Jio IPO allotment today: How to check status, GMP and listing date

The allotment of shares in Jio Platforms’ Rs 30,188-crore initial public offering (IPO) is expected to be finalised on Monday, following a record-breaking response from investors. Applicants can check their allotment status through the official KFin Technologies portal and the websites of the BSE and the National Stock Exchange (NSE) once the results are available.

The IPO, which opened on October 21 and closed on October 23, was subscribed 22.19 times, with bids for around 438.26 crore shares against 19.75 crore shares on offer. The issue received more than one crore applications, setting a global record for an IPO, according to exchange data.

With the allotment process nearing completion, investors are also tracking the grey market premium (GMP) for indications of how the shares could perform when they list on October 28. However, the GMP is an unofficial indicator and does not guarantee listing gains.

Jio Platforms IPO allotment status. How to check online

Investors can check their Jio Platforms IPO allotment status through the registrar’s website at KFin Technologies. Once the company appears in the list of IPOs, applicants must select Jio Platforms Limited, choose an identification method such as PAN or application number, enter the relevant details and submit the form to view their allotment status.

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Applicants can also check their status through the BSE website and the NSE website. The allotment information may not appear until the basis of allotment has been finalised and the results have been published. Investors should use official portals to check their applications.

Jio IPO GMP today

Jio Platforms shares were reportedly commanding a grey market premium of around Rs 247 on October 26, according to market observers. This represents a premium of approximately 22.07 per cent over the upper end of the IPO price band of Rs 1,119 per share.

At this indicative premium, the implied listing price would be around Rs 1,366 per share. However, this is only an estimate based on unofficial grey market activity and is not a confirmed listing price. The GMP can change before listing and may not reflect the price at which the shares eventually trade on the stock exchanges.

Actual listing performance will depend on market conditions, investor demand and trading activity. Investors should not treat the grey market premium as a guarantee of listing gains.

Jio Platforms IPO subscription details

Jio Platforms’ IPO attracted strong demand across investor categories, led by qualified institutional buyers (QIBs). The institutional investor portion was subscribed 70.55 times, while the non-institutional investor category was subscribed 14 times. The retail portion received bids for 2.72 times the shares reserved for it.

The employee reservation was subscribed 2.93 times, while the shareholder reservation was subscribed 7.60 times. Overall, the issue was subscribed 22.19 times by the close of bidding on October 23.

The IPO was fully subscribed within about 100 minutes of opening on October 21, making it the fastest-subscribed mega IPO in India, according to reported subscription data. Jio Platforms also allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the upper end of its price band of Rs 1,065-Rs 1,119 per share.

Jio Platforms IPO allotment, refund and listing dates

The basis of allotment is expected to be finalised on October 26. Refunds for unsuccessful applicants and the credit of shares to successful applicants are scheduled for October 27, while Jio Platforms shares are expected to list on the BSE and NSE on October 28.

Investors who do not receive shares should see the amount blocked for their application released through the applicable ASBA or UPI mandate process. Successful applicants can check their demat accounts for the credit of shares.

These dates are tentative and should be checked against official announcements.