Bidding for Jio Platforms Limited closes on 23 October 2026, the third and last bidding day of the issue. The total subscription in our latest stored NSE snapshot is 12.45 times times. At 12:42 IST on 23 October 2026, the snapshot this post was written from, the total was 4.27 times: 84,43,93,980 shares bid against 19,75,25,934 shares offered. The table and chart show the latest stored snapshot, which can be later than 12:42 IST.
Subscription by category
The table lists the shares offered, the shares bid and the subscription multiple for each category. A multiple above 1 means more shares were bid than offered in that category. At the 12:42 IST snapshot, retail individual investors stood at 1.34 times, employees at 1.64 times and qualified institutional buyers at 7.27 times.
Subscription by investor category, latest stored snapshot (12:42 IST on 23 October 2026 at the time of this post). Source: TrackLivePrice stored IPO subscription records.
| Category | Shares offered | Shares bid | Times |
|---|---|---|---|
| QIB | 4,90,07,827 | 1,82,41,48,944 | 37.22x |
| NII | 3,64,44,569 | 36,12,43,128 | 9.91x |
| bNII | 2,42,96,380 | 27,47,86,932 | 11.31x |
| sNII | 1,21,48,189 | 8,64,56,196 | 7.12x |
| Retail | 8,50,37,327 | 14,56,54,008 | 1.71x |
| Employee | 46,94,835 | 87,95,904 | 1.87x |
| Shareholder | 2,23,41,376 | 12,00,44,688 | 5.37x |
| Total | 19,75,25,934 | 2,45,98,86,672 | 12.45x |
As of 23-Oct-2026 21:01:05 IST | Source: NSE.
Non-institutional investors were at 7.44 times at the same snapshot. Within that group, bids above Rs 10 lakh stood at 8.65 times and bids above Rs 2 lakh up to Rs 10 lakh at 5.02 times.
Try it: IPO Subscription Calculator takes shares bid and shares offered and shows the times subscribed. Enter the figures for any category in the table above.
How the total built up over three days
Our records contain 109 snapshots with an NSE time for this issue, taken at intervals of about 15 minutes. The table shows the first and last total multiple of each day, rounded to two decimals, from our stored values.
| Day | First snapshot, total times | Last snapshot, total times |
|---|---|---|
| 21 October 2026 | 09:12 IST, 0.30 | 19:01 IST, 1.74 |
| 22 October 2026 | 09:12 IST, 1.78 | 19:01 IST, 3.13 |
| 23 October 2026 | 09:12 IST, 3.23 | 12:42 IST, 4.27 |
What happens after bidding closes
Under the SEBI circular of 9 August 2023, listing must happen within three working days of bidding close. That means allotment about one working day after close, refund about two and listing about three. The chart counts those steps in NSE working days from our holiday list.
- TBidding closesFri, 23 Oct 2026
- T+1Basis of allotmentMon, 26 Oct 2026
- T+2Refunds and share creditTue, 27 Oct 2026
- T+3Listing and tradingWed, 28 Oct 2026
What the retail figure means for allotment odds
The retail category stood at 1.34 times at the snapshot. A simple estimate divides 1 by that multiple. If the retail multiple stayed at 1.34 times and bids were equal in size, a bid for one lot would have about a 74 percent chance of allotment. This is an illustration, not a forecast. The registrar, Kfin Technologies Limited, and the basis of allotment decide the actual result.
Worked example for the retail category at the 12:42 IST snapshot. Assumes equal-sized bids and a lottery at the same ratio. An estimate, not a forecast. Source: TrackLivePrice stored IPO subscription records and our IPO record.
| Step | Working | Value |
|---|---|---|
| Retail subscription multiple, 12:42 IST snapshot | shares bid / shares offered = 11,42,87,904 / 8,50,37,327 | 1.34 times |
| Estimated chance per retail application | 1 / 1.344 | about 74 percent |
| Shares in one lot | lot size from our IPO record | 12 shares |
| Amount for one lot at the upper band | 12 x Rs 1,119 | Rs 13,428 |
Example figures, not today's rates.
To check the amount for other lot counts, use the IPO lot size calculator, which shows the shares and the amount at the upper band for the number of lots you enter. For the earlier opening, see Jio Platforms IPO opens 21 October 2026: price band and dates.
How we calculated this
Data window: the bidding period, 21 to 23 October 2026. Source: TrackLivePrice stored NSE subscription records for this issue, with the snapshot time shown on each row. Method: the subscription multiple is shares bid divided by shares offered in each category. The retail chance estimate is 1 divided by the retail multiple, rounded to a whole percent, for equal-sized bids. The price band of Rs 1,065 to Rs 1,119 per share and the lot of 12 shares come from our IPO record.
Common mistakes
- Reading a snapshot as the final figure. The multiple keeps changing until bidding ends, and the final category numbers come from NSE after close.
- Treating the total multiple as the retail figure. A high total can sit alongside a lower retail multiple, and each category has its own allotment figures.
- Reading a bid as an allotment. A bid shows demand in that category; the shares allotted depend on the basis of allotment for each category.
