Who can apply under two categories?
To qualify for the shareholder quota, investors must have held RIL shares on or before October 14, 2026. The reservation is available to eligible individual investors and Hindu Undivided Families (HUFs).
Jio Platforms has reserved 2,23,41,376 shares for eligible RIL shareholders. Investors meeting the eligibility conditions can submit one application under this category and another under the retail or NII category, using the same PAN.
However, the two applications must be under different eligible categories. Submitting multiple applications within the same category through different broker accounts using the same PAN can result in rejection.
MUST READ: RIL Shareholders Alert! Want to apply in Jio IPO? How can you maximise your allotment chances
How does the two-application route work?
An eligible RIL shareholder can submit one application under the shareholder quota and another under the retail quota. Investors who qualify for the NII category can instead apply under the shareholder and NII categories, subject to the applicable investment limits and offer rules.
For retail investors, the minimum application is one lot of 12 shares. At the upper price band of ₹1,119, the minimum investment is ₹13,428. The maximum retail application is 168 shares, or 14 lots, amounting to ₹1,87,992.
The shareholder reservation is separate from the retail allocation. Investors should check the applicable lot size, bidding limits and category-specific conditions before submitting their applications.
ALSO READ: Jio Platforms IPO effect: Bharti Airtel, Vodafone Idea shares trade on a mixed note; RIL stock gains
How to apply using one PAN card
Investors can apply through their stockbroker’s platform or another supported IPO application channel.
First, log in to the broker app and select Jio Platforms IPO. Choose the appropriate investor category, enter the bid quantity and price, and submit the application. Eligible RIL shareholders should ensure their details match the category under which they are applying.
For UPI-based applications, investors must enter their UPI ID and approve the payment mandate within the stipulated time. They should complete the process separately for the second application under the other eligible category.
What investors should remember
Jio Platforms has fixed its IPO price band at ₹1,065–₹1,119 per share. The fresh issue comprises up to 27 crore shares and closes on October 23. Allotment is tentatively scheduled for October 26, with listing expected on October 28.
The company plans to use up to ₹27,500 crore of the proceeds to repay or prepay borrowings at its telecom subsidiary, Reliance Jio Infocomm, with the balance earmarked for general corporate purposes.
Applying under two eligible categories does not guarantee an allotment. Investors should verify their eligibility, review the offer documents and assess the company’s valuation and risks before investing.
DO READ: Jio IPO explained: Can subscriber scale and profit growth justify its premium valuation over Airtel?