Jio Platforms IPO shares are scheduled to begin trading on India’s BSE and NSE on October 28, 2026, after the ₹30,213-crore offering drew subscriptions of 22.19 times the shares available.
Key Takeaways
- The offering consisted entirely of 27 crore newly issued shares, with a price band of ₹1,065 to ₹1,119 per share.
- Jio Platforms plans to use up to ₹27,500 crore of net proceeds to repay or prepay subsidiary borrowings.
- An unofficial grey market premium indicated demand ahead of listing but does not determine the opening price.
Jio Platforms IPO demand and listing
The public offering opened on October 21 and closed on October 23. Qualified institutional buyers submitted the strongest demand relative to their allocation, subscribing 70.55 times their allotted portion.
The non-institutional portion was subscribed 14 times, while retail investors subscribed 2.72 times their allocation. Retail applicants could apply for a minimum of 12 shares, requiring ₹13,428 at the top of the price band.
Ahead of the public offering, Jio Platforms raised ₹8,110 crore from anchor investors on October 19. Participants included LIC, BlackRock and Fidelity.
| Item | Details |
|---|---|
| Overall subscription | 22.19 times |
| Qualified institutional buyers | 70.55 times their allotted portion |
| Non-institutional investors | 14 times their allotted portion |
| Retail investors | 2.72 times their allotted portion |
Grey market premium and use of proceeds
Ahead of the debut, the shares carried a grey market premium of about ₹246 per share, or 22% above the ₹1,119 upper end of the price band. The grey market is unofficial, and its premium can fluctuate; it does not guarantee the actual listing price or investor returns.
The issue consisted of fresh equity shares, with no offer-for-sale component. Jio Platforms plans to use up to ₹27,500 crore from net proceeds to repay or prepay borrowings of Reliance Jio Infocomm, its subsidiary.
Financial performance and business
Jio Platforms reported revenue from operations of ₹1.46 lakh crore in FY26, up from ₹1.28 lakh crore in FY25. Net profit rose to ₹30,049 crore from ₹26,109 crore over the same period.
Reliance Jio Infocomm served 533.3 million customers as of June 30, 2026. Jio Platforms is seeking to diversify beyond its capital-intensive 5G rollout through areas including home broadband, enterprise services, cloud computing and artificial intelligence.
Next milestone
The next confirmed milestone is the scheduled BSE and NSE listing on October 28.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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