Jio IPO: Rs 4.68 lakh crore to be released to investors after allotment, ET Now data shows

Investors who did not receive shares in the Jio Platforms IPO could see a massive amount of money unlocked following the allotment process, with around Rs 4.68 lakh crore set to be released, according to ET Now data. The Rs 30,213-crore initial public offering (IPO) attracted bids for 438.26 crore shares against 19.75 crore shares on offer, excluding the anchor investor portion. The issue was subscribed 22.19 times, reflecting strong demand across investor categories.

According to ET Now data, investors had blocked around Rs 4.90 lakh crore for applications outside the anchor book. Of this, approximately Rs 4.68 lakh crore is expected to be released after accounting for the shares allotted.

Jio IPO: How much money will be released by investor category?

The qualified institutional buyers (QIB) category accounted for the largest share of the money expected to be released. The remaining QIB portion was subscribed 70.55 times, with around Rs 3.81 lakh crore expected to be unlocked after allotment.

The non-institutional investor (NII) category was subscribed 14 times. Around Rs 53,031 crore is expected to be released to applicants in this category, according to ET Now data.

Retail investors subscribed to their portion 2.72 times, with around Rs 16,351 crore expected to be released after allotment. The employee category was subscribed 2.93 times, while the Reliance Industries shareholder quota was subscribed 7.60 times.

The data estimates that around Rs 1,038 crore will be released under the employee category and Rs 16,500 crore under the shareholder quota.

When will Jio IPO refunds be released?

The Jio Platforms IPO allotment is scheduled for October 26, while the release of blocked funds and credit of shares to successful applicants' demat accounts are expected on October 27. The company is scheduled to list on the stock exchanges on October 28.

Investors who receive shares will have the amount corresponding to their allotment debited, while the remaining blocked funds will be released. Those who do not receive any shares will have their full application amount unblocked.

In most cases, IPO application money is not directly debited at the time of bidding. It remains blocked in the investor's bank account through the ASBA or UPI mandate process until the allotment is completed.