How to buy Jio Platforms shares

Step 1 — Make sure you have the basics

You need a PAN, a demat account linked to that PAN, and a bank account that supports UPI or ASBA. If you’re new to investing, any SEBI-registered stockbroker can open a demat and trading account online; allow time for KYC.

Step 2 — Read the key parts of the RHP

The Red Herring Prospectus contains the risk factors, financial statements, objects of the issue and the exact category rules. It is published on the SEBI, NSE and BSE websites. You don’t have to read all of it, but the risk factors are worth your time.

Step 3 — Place your bid

In your broker’s app, open the IPO section and select Jio Platforms. Choose your investor category, enter the number of lots, and tick “cut-off price” if you’re a retail applicant willing to accept the final price. Enter your UPI ID. Alternatively, use net banking: your bank’s ASBA option blocks the amount directly in your account.

Step 4 — Approve the UPI mandate

You’ll get a mandate request in your UPI app. Approve it before the cut-off on the closing day. Your money stays in your account but is blocked; it is only debited if you are allotted shares.

Step 5 — Check allotment

After the basis of allotment is finalised (reported as 26 Oct 2026, tentative), check your status on the registrar’s website or the BSE/NSE allotment pages using your PAN or application number. If allotted, the shares appear in your demat account before listing; if not, the blocked amount is released.

Coverage of the RHP reports that an eligible RIL shareholder may submit one bid in the shareholder portion and a separate bid in the retail (or non-institutional) category, and that an eligible employee may also bid in the employee portion. Multiple bids in the samecategory from the same PAN are normally rejected.

Eligibility is decided by the RHP, not by press articles. In particular, check whether you held RIL shares in your demat account on the record date and whether you are applying as an individual or HUF. If in doubt, apply only in the retail category.

Under SEBI rules, if the retail portion is oversubscribed, the registrar allots the minimum bid lot to as many retail applicants as possible, by lottery where needed. In practice, applying for many lots in the retail category rarely improves your chances beyond one lot in a heavily oversubscribed issue. For the non-institutional category, SEBI rules also use a minimum-application-size draw for part of the portion. Exact rules for this issue are in the RHP’s “Basis of Allotment” section.

Once listed (expected 28 Oct 2026, tentative), Jio Platforms shares can be bought like any listed share through your broker. There is no lot size on the exchange — you can buy a single share. Prices on listing day can be volatile in either direction.

Before listing, there is no exchange price. Any “Jio share price” quoted before then is the IPO band, an unofficial grey market quote, or a figure from the unlisted-share market.