The issue is priced at Rs 1,065-1,119 per share. The subscription window closes on 23 October. Based on the upper price limit, Jio Platforms’ valuation stands at Rs 10.3 lakh crore.
Jio IPO consists of a fresh issue of up to 27,00,00,000 equity share.
The qualified institutional buyers portion was subscribed 3.77 times out of the 4,90,07,827 shares reserved for the category, as per the data available on BSE.
The retail portion was subscribed 0.31 times; non-institutional investor portion was subscribed 0.39 times.
The portion reserved for employees was subscribed 0.73 per cent.
The IPO includes reservation of equity shares of Jio for a value not exceeding Rs. 500 crore for subscription by the eligible employees  and for a value not exceeding Rs.2,500 crore for subscription by the eligible Reliance Industries shareholders. A discount of Rs 54 per equity share  has been approved for eligible employees bidding under the Employee Reservation Portion.
The portion reserved for shareholders was subscribed 0.58 times.