October 21, 2026: Jio Platforms’ ₹30,213 crore initial public offering (IPO) opens for subscription on Wednesday, October 21, and will close on Friday, October 23. The company has fixed the price band at ₹1,065–₹1,119 per share and is expected to issue 27 crore fresh shares, making it potentially India’s largest IPO by issue size.
The IPO values Jio Platforms at approximately $108.3 billion at the upper end of the price band. Shares are scheduled to list on the BSE and NSE on October 28, 2026, with the allotment expected to be finalised on October 26.
Jio Platforms IPO: Key Details
| Particulars | Details |
|---|---|
| IPO opening date | October 21, 2026 |
| IPO closing date | October 23, 2026 |
| Price band | ₹1,065–₹1,119 per share |
| Issue size | Approximately ₹30,213 crore |
| Issue type | Fresh issue of up to 27 crore shares |
| Lot size | 12 shares |
| Allotment date | October 26, 2026 |
| Listing date | October 28, 2026 |
| Exchanges | BSE and NSE |
| Employee reservation | Up to ₹500 crore |
| Reliance Industries shareholder reservation | Up to ₹2,500 crore |
Jio IPO GMP Today and Listing Price Prediction
Jio Platforms’ grey market premium (GMP) was reported at ₹273 per share ahead of the IPO opening, according to Investorgain data cited in the supplied report.
At the upper price band of ₹1,119, this implies an estimated listing price of ₹1,392 per share, representing a potential gain of approximately 24.40%.
Grey market premiums are unofficial indicators of investor sentiment, not guaranteed listing returns. The premium can fluctuate before listing and may not translate into actual market performance.
Jio IPO Review: Should Investors Apply?
Brokerages Motilal Oswal and Shriram Finance have recommended subscribing to the IPO, citing Jio’s leadership in India's telecom market, earnings growth and expansion opportunities in broadband, enterprise technology and artificial intelligence.
Key growth drivers include:
Telecom leadership: A subscriber base of approximately 533.3 million as of June 2026.
Revenue and profit growth: FY26 operating revenue reached ₹1.46 lakh crore, while net profit rose to ₹30,049 crore.
Digital expansion: Opportunities in 5G, home broadband, cloud computing, enterprise solutions and AI.
Debt reduction: A significant portion of the IPO proceeds is earmarked for repayment or prepayment of borrowings at Reliance Jio Infocomm.
However, investors should also assess regulatory requirements, competitive pressures, related-party dependence, financial obligations and the valuation implied by the IPO price.
How Will the IPO Proceeds Be Used?
Jio Platforms plans to use up to ₹27,500 crore of the net proceeds to repay or prepay borrowings of its telecom subsidiary, Reliance Jio Infocomm. The remaining funds will be allocated towards general corporate purposes.
Following the issue, Reliance Industries’ stake in Jio Platforms is expected to decline from approximately 66.43% to 64.4%, although it will retain majority ownership and control.
Market takeaway: Jio Platforms’ IPO combines a large issue size, strong reported grey market interest and an established telecom and digital-services business. The reported GMP suggests potential listing gains, but investors should evaluate the valuation, long-term earnings prospects and business risks rather than rely solely on unofficial grey market indications.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. IPO details and GMP figures are based on the information provided and may change.
