Reliance Industries had cash, cash equivalents and current investments worth approximately Rs. 2.5 lakh crore as of March 31, against reported current borrowings of Rs. 1.1 lakh crore, including lease liabilities, according to Moody’s Ratings. The agency expects the conglomerate’s consolidated capital expenditure to stay high at around USD 15 billion annually over the next two years.

SBI Securities is offering investors financing of up to 60% of the amount required to apply for the Jio Platforms IPO, adding a leverage option to the much-anticipated public offering. The facility, backed by parent State Bank of India, covers applications ranging from Rs. 5 lakh to Rs. 10 lakh, with allotted shares serving as collateral.

Other brokerages are also approaching clients with financing options as competition intensifies ahead of the IPO’s close. While leverage can increase investors’ exposure, it also adds borrowing costs and financial risk if listing gains fall short of expectations.

Jio Platforms’ Rs. 30,213-crore IPO closes on October 23, with the price band fixed at Rs. 1,065–Rs. 1,119 per share. The shares are expected to list on the BSE and NSE on October 28, 2026. The offer proceeds are primarily intended to support debt repayment at Reliance Jio Infocomm, with up to Rs. 27,500 crore earmarked for the purpose.

The grey market premium (GMP) for the Jio Platforms IPO was reported at around 22%, indicating positive unofficial market sentiment ahead of the issue's closure. At the upper price band of Rs. 1,119 per share, this translates into an indicative premium of approximately Rs. 246. However, GMP is unofficial and does not guarantee listing gains.

Institutional investors continued to drive demand for the Jio Platforms IPO. The qualified institutional buyers (QIB) category was subscribed 13.35 times as of 10:18 AM, while the non-institutional investor category was subscribed 7.27 times, indicating strong interest from large investors.

Reliance Jio Platforms’ Rs. 30,213-crore IPO continued to attract strong investor demand on the final day of bidding. The issue was subscribed 5.98 times as of 10:18 AM on October 23, with investors tracking the final subscription figures ahead of the closing bell.

Reliance Jio Platforms IPO enters its final day of subscription on October 23, with investors watching demand trends, grey market premium (GMP) and category-wise bidding before the issue closes. The Rs 30,213-crore public offering opened on October 21, with the price band fixed at Rs. 1,065–Rs. 1,119 per share.

At the upper end of the price band, the company’s valuation stands at approximately Rs. 10.3 lakh crore. With the latest subscription figures offering clues about investor appetite, the closing day could prove crucial for those tracking the much-awaited listing.

Here are the latest developments, key numbers and investor updates.