Jio Platforms IPO allotment awaited after 22.19x subscription; how to check status on NSE

Investors who put money into the Jio Platforms IPO are now waiting for share allotment. The IPO, worth about Rs 30,213 crore, drew a strong response from investors. It closed on October 23 with a total subscription of 22.19 times. Investors are now keen to know who will get Jio shares, when the allotment will come and how to check the status of an application online.

Investors who applied for the Jio Platforms IPO are likely to get information on the share allotment on October 26. The company's shares may be listed on the stock market on October 28. These dates are still tentative, so the final schedule should be confirmed with the relevant official platform.

Given the heavy response to the IPO, every applicant will not necessarily get shares. Only after the allotment process is complete will it be clear who has received how many shares. Investors should therefore check the status of their application on the official website.

Those who invested in the Jio Platforms IPO can check the allotment status online from home, using the official NSE website.

To check the status, first go to the official NSE website. Go to the IPO section there. Then choose the Equity & SME IPO bid details option. From the list available, select Jio Platforms IPO. Next, enter your PAN number in the information asked for. After making sure all details are correct, click the Submit button. Check the status of your application from the information shown on the screen. If the website's options or process have changed, follow the latest instructions given on NSE.

If shares are not allotted, investors should check the status linked to their application. If shares are allotted, the information may also come through the broker or bank concerned. For applicants who did not get an allotment, the release of the block on their money or the refund of the amount follows the rules in force. Investors should therefore keep watching their bank account transactions, UPI Mandate and updates from the broker.

However large the response to an IPO, there is no guarantee that the share price will rise on listing day. Market conditions, the company's financial position and investor demand can affect the share price. Investors who applied for the Jio IPO should first check the allotment status and then follow official updates on the listing. Before taking any decision, it is important to examine information about the company and the market.

The IPO details are as follows. The GMP is Rs 248 and the estimated listing premium is 22.16 per cent. The price band is Rs 1,065 to Rs 1,119. One lot has 12 shares and the minimum investment is Rs 13,428. The IPO size is Rs 30,213 crore and the estimated market capitalisation is Rs 10.30 lakh crore. The registrar is KFin Technologies Limited.