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How to apply for the Jio IPO: Step-by-step guide with lot size and minimum investment

21 Oct 2026, 09:02 am5 min

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Planning to apply for the Jio IPO? This step-by-step guide explains the Jio Platforms IPO lot size, minimum investment, price band, application process, and key dates. At the upper price band of ₹1,119 per share, one lot of 12 shares requires ₹13,428, while the maximum retail application of 14 lots requires ₹1,87,992. Learn how to apply through UPI or ASBA and avoid common mistakes that could lead to bid rejection.

Rs 13,428 is the minimum bid at the top of the band. Here is the exact maths, and the mistakes that can get bids rejected.

The Jio Platforms IPO is scheduled to open on October 21, 2026, and close on October 23, 2026. You can apply through a broker app using UPI or through your bank using ASBA. Before applying, check the lot size, price band, deadlines and application details in the Red Herring Prospectus (RHP).

Quick answer

Jio IPO minimum lot size is 12 shares, priced at Rs 13,428 at the upper price band of Rs 1,119 per share. In the lower price band of Rs 1,065, the minimum lot size is priced at Rs 12,780. Retail investors can apply for up to 14 lots, that is 168 shares at the upper price band worth Rs 1,87,992.

Jio IPO lot size and minimum investment

Calculation	Shares	Amount
One lot at Rs 1,119	12	Rs 13,428
One lot at Rs 1,065	12	Rs 12,780
Retail maximum at Rs 1,119	168	Rs 1,87,992

Jio IPO lot size is 12 shares, and bids must follow the permitted lot multiples. These amounts are calculated using the announced price band.

Jio IPO dates and closing time

Event	Date
Anchor investor bidding	October 19, 2026
IPO open date	October 21, 2026
IPO close date	October 23, 2026
Allotment date	October 26, 2026
Expected listing date	October 28, 2026

JIO platforms RHP specifies 7:00 p.m. IST on October 23 as the deadline for accepting the UPI mandate. Do not get confused this time with the time for submitting a bid. Submit your application early and follow the closing time shown by your broker or bank. Some reports give October 29 as the listing date, but the currently published IPO schedule shows October 28. Check the exchange or registrar for any later change.

How to apply for the Jio IPO through the broker

Open your broker app and go to the IPO section.
Select Jio Platforms Limited.
Enter the number of lots you want to apply for.
Choose the bid price or select the cut-off option if eligible.
Enter your own valid UPI ID and submit the application.
Open your UPI app and approve the mandate before the deadline.
Keep enough money in the linked bank account. The amount is blocked, not immediately deducted.

How to apply through bank ASBA

ASBA stands for Application Supported by Blocked Amount. It lets you apply through your bank while keeping the application amount in your account.

Log in to your bank's net banking service.
Find the IPO or ASBA section.
Select Jio Platforms Limited.
Enter your bid quantity and price.
Confirm your PAN, demat account and bank details.
Submit the application and check the confirmation.

Your bank blocks the bid amount. If shares are not allotted, the bank releases the blocked funds as per the process. Follow your bank's own instructions and deadlines.

How are IPO shares reserved?

Investor category	Reservation
Qualified institutional buyers (QIBs)	50% of the net issue
Non-institutional investors (NIIs)	15% of the net issue
Retail individual investors	Not less than 35% of the net issue
Eligible Reliance Industries shareholders	Separate reserved portion
Eligible employees	Separate reserved portion

The shareholder reservation under JIO Platforms is up to Rs 2,500 crore while the employee reservation is up to Rs 500 crore. These are individual reservations based on the eligibility criteria as per the RHP.

What is the cut-off price option?

When you choose "cut-off price", you agree to bid at the final issue price decided after the bidding process. This option is available to retail investors and certain eligible reserved-category applicants, subject to the RHP's rules.

It can help a retail applicant avoid placing a bid below the final issue price. The application amount is calculated using the upper price band. Choosing cut-off does not guarantee an allotment.

Mistakes that can get an IPO bid rejected

Unapproved UPI mandate: Submitting the application is not enough. Approve the payment mandate.
Wrong UPI ID: Check that the ID is yours and is entered correctly.
Insufficient bank balance: Keep enough money available for the full bid amount.
Duplicate applications on one PAN: Multiple applications for the same category using one PAN can lead to rejection under applicable rules.
PAN or demat mismatch: Check that your application details match your PAN and demat records.
Missing the deadline: Submit the bid and complete the required mandate approval within the applicable cut-off times.

Frequently asked questions

Q. What is the minimum investment for Jio IPO?

Ans. JIO IPO minimum lot size is 12 shares. At the upper price band of Rs 1,119, the minimum application amount is Rs 13,428.

Q. Can I apply for the Jio IPO through UPI?

Ans. Yes. Eligible individual applicants can apply through a supported broker app using UPI. You must approve the mandate within the stated deadline.

Q. How to apply for the Jio IPO?

Ans. Applications for Jio IPO can be made via an app from the broker or your bank ASBA. Select Jio Platforms Limited, input the lots and bid amount, submit your application, and confirm the mandate via UPI.

Q. What is the Jio IPO listing date?

Ans. The JIO IPO listing date is 28 Oct 2026. This date is tentative; please check back for the final listing date.

Q. Can choosing a cut-off price guarantee my allotment?

Ans. No. It means you agree to bid at the final issue price. Allotment depends on valid applications and the allocation process.

Sources

Disclaimer: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. This article is intended for informational and knowledge purposes only and should not be considered tax, financial, or investment advice. Tax laws and deductions may vary based on individual circumstances and regulatory changes. Readers are advised to consult a qualified tax advisor or financial professional before making any investment or tax planning decisions.

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