The much-anticipated basis of allotment for the Jio Platforms IPO has been finalized on Monday, October 26, following a record-breaking subscription period. Investors who applied for the initial public offering can now check their application status to determine if they have been allocated shares.
The IPO, which was open for subscription between October 21 and October 23, saw its shares offered in a price band of Rs 1,065 to Rs 1,119 apiece. The issue involved a lot size of 12 equity shares and multiples thereof, successfully raising Rs 30,312 crore. Jio Platforms made history by attracting over 1 crore applications globally, with bids totaling more than Rs 4.9 lakh crore.
Jio Platforms IPO Subscription Details
The Jio Platforms IPO was oversubscribed 22.19 times overall. Individual categories also saw robust demand:
- Qualified Institutional Bidders (QIBs): Subscribed 70.55 times
- Non-Institutional Investors (NIIs): Subscribed 14 times
- Reliance Industries Ltd (RIL) Shareholders: Subscribed 7.6 times
- Employees: Subscribed 2.93 times
- Retail Investors: Subscribed 2.72 times
Allotment Odds for Investors
Based on the bidding, the probability of receiving shares varied across investor categories:
- Big HNI Category (bNII): Approximately 37.03% (10 out of 27 investors received 180 shares)
- Small HNI Category (sNII): Approximately 11.36% (10 out of 88 investors received 180 shares)
- Retail Category: Approximately 71.42% (10 out of 14 investors received 12 shares)
- Shareholders Category: Investors applying for 14 lots could expect 22-24 equity shares, with those applying for a minimum of 7 lots also having a chance for allotment.
How to Check Jio Platforms IPO Allotment Status
Applicants can check their Jio Platforms IPO allotment status through three primary channels:
1. Via KFin Technologies (Registrar)
- Visit the official web portal of KFin Technologies Limited.
- Select the Jio Platforms IPO from the dropdown menu (it will appear once allotment is finalized).
- Choose one of three modes: Application Number, Demat Account Number, or PAN ID.
- Select your application type (ASBA or non-ASBA).
- Enter the details corresponding to your chosen mode.
- Complete the security captcha.
- Click 'Submit' to view your status.
2. Via National Stock Exchange (NSE)
- Go to the NSE's dedicated IPO allotment page.
- Select ‘Equity & SME IPO Bid details’.
- Under ‘Select Symbol’, choose ‘JPL’.
- Enter your PAN Number and Application Number.
- Click 'Submit'.
3. Via Bombay Stock Exchange (BSE)
- Navigate to BSE's IPO allotment page.
- Under 'Issue Type', click 'Equity'.
- From the 'Issue Name' dropdown, select 'Jio Platforms Limited'.
- Enter your application number.
- Input your PAN card ID.
- Check the 'I am not a Robot' box and click 'Search'.
Grey Market Premium (GMP) and Listing Date
The Grey Market Premium (GMP) for Jio Platforms IPO has remained stable, last reported around Rs 245-250. This suggests potential listing gains of approximately 21-22% for investors. Shares of Jio Platforms are scheduled to be listed on Wednesday, October 28.
Lead Managers for the Issue
The IPO was managed by a consortium of lead managers including Kotak Mahindra Capital, Morgan Stanley, BofA Securities India, Axis Capital, BNP Paribas, Citigroup Global Markets India, CLSA India, DAM Capital Advisors, Goldman Sachs (India), HDFC Bank, ICICI Securities, IIFL Capital Services, HSBC Securities and Capital Markets, JM Financial, JPMorgan India, SBI Capital Markets, UBS Securities India, and 360 ONE WAM.