The Jio Platforms IPO has been allotted, it is closed and now all eyes are on 28 October 2026 when the shares are expected to be listed on NSE and BSE. The largest IPO in India history saw over a crore applications and the ‘grey market premium’ (GMP) was last reported at just over 21-22% above the upper price band. Before you list day, here’s what you need to know.
Jio Platforms IPO Details at a Glance
Price band, lot size and minimum investment
The price band set at ₹1,065 – ₹1,119 per share and a lot size of 12 shares. It comes to ₹12,780 at the bottom end and ₹13,428 at the top end in one lot.
Issue size and use of proceeds
The ₹30,213 crore issue is a fresh one without any existing shareholders selling their shares. The money, amounting to up to ₹27,500 crore, would be used to prepay borrowings of the group’s telecom arm, Reliance Jio Infocomm Limited (RJIL).
| Item | Detail |
|---|---|
| Price band | ₹1,065–₹1,119 per share |
| Lot size | 12 shares |
| Issue size | ₹30,213 crore (fresh issue) |
| Valuation at upper band | About ₹10.3 lakh crore |
| Debt repayment | Up to ₹27,500 crore (RJIL) |
| Listing venues | NSE and BSE |
Jio Platforms IPO Listing Date and Timeline
The listing date of Jio Platforms IPO is 28 October 2026. Allotment was open from 21st to 23rd October and the basis of allotment was due on 26th October.
Allotment, refund and demat credit dates
Blocked funds of unsuccessful applicants will be credited to their demat accounts on 27 October, as are allotted shares.
| Event | Date |
|---|---|
| Anchor book | 19 Oct 2026 |
| IPO opens | 21 Oct 2026 |
| IPO closes | 23 Oct 2026 |
| Basis of allotment | 26 Oct 2026 |
| Refund / demat credit | 27 Oct 2026 |
| Listing | 28 Oct 2026 |
Jio GMP Today: What the Grey Market Is Saying
GMP trend
The GMP climbed steadily through the issue. It was reported at ₹148 on 4 October, ₹265 on 21 October, and between ₹238 and ₹254 on 23 October, the final bidding day.
| Date | Reported GMP | Implied listing price |
|---|---|---|
| 4 Oct | ₹148 | About ₹1,267 |
| 21 Oct | ₹265 | About ₹1,384 |
| 23 Oct | ₹238–₹254 | About ₹1,357–₹1,373 |
These are the latest figures we could verify. Check a live GMP tracker this evening, as the number moves quickly before listing.
Why GMP is not a guarantee
GMP is an unofficial indication from the black market. It isn’t a price that’s guaranteed, it’s a sentiment – and a good GMP hasn’t equated to listing gains before. Treat it as one signal not as a trading signal.
Jio Platforms Share Price: What to Expect on Listing Day
While there is no market price available for Jio Platforms shares until the trading opens on 28 October, the cap of ₹1,119 is the official price. Assuming the GMP is in place, the estimated range of listing price could be around ₹1357–₹1373, however, this is only an estimate and not a forecast.
On the top band, Jio Platforms’ valuation is estimated at around ₹10.3 lakh crore. The company’s consolidated revenue for FY26 was ₹1,46,885 crore and PAT was ₹30,049 crore, with RJIL’s customers touching a milestone of 524.4 million by March 2026. The issue price of Reliance Industries was 66.43% before the issue.
Demand was primarily from institutions. By Day 2, the issue was subscribed approximately 5.2 times overall, 12.32x subscribed by QIBs, 5.52x subscribed by NIIs and 1.49x subscribed by retail. By the end of the day, subscription was approximately 7.5x. Look at the closing price on NSE.
| Category | Day 2 subscription |
|---|---|
| Qualified Institutional Buyers | 12.32x |
| Non-Institutional Investors | 5.52x |
| Retail Individual Investors | 1.49x |
| Overall | 5.20x |
Recent News on the Jio Platforms IPO
- Record demand: applications crossed one crore, with bids worth nearly ₹1.7 lakh crore on the final day.
- Regulatory approvals: SEBI cleared the IPO on 28 August 2026, after the DRHP was filed in June.
- Global roadshows: Jio met investors in the US, UK, Dubai, Singapore and Hong Kong before launch.
- Earnings: Q1 FY27 consolidated profit was ₹7,764 crore, up 9.2% year on year.
- Brokerage view: several brokerages recommended subscribing for both listing gains and long-term holding.
Best Stock Brokers to Trade Jio Platforms Shares
Your broker is important because you will have a lot of trading to do on the first day. When you’re considering choices, take into account the following: look for low fees and commissions, a fast and reliable trading platform, and an easy-to-use app or website. Make sure the broker offers the products you want to trade, provides good research tools, and has responsive customer support. Most importantly, choose a broker regulated by your country’s securities authority so your money stays secure. Get more information regarding IPOs on thebeststockbroker.
- Platform stability during high-volume sessions
- Brokerage and account charges on delivery and intraday trades
- IPO and UPI support for future applications
- Research and alerts that help you track listing-day moves
| Criteria | Why it matters on listing day |
|---|---|
| Uptime and speed | Orders must go through at the open |
| Low brokerage | Fees add up on active trades |
| Quick account opening | Same-day demat setup |
| Research tools | Price alerts and technical charts |
How to Check Jio IPO Allotment Status
Visit the registrar’s website or the NSE/BSE IPO status page, select Jio Platforms, enter your PAN or application number, and submit. Your broker app also shows the status.
FAQs about Jio Platforms IPO
When is the Jio Platforms IPO listing date?
Shares are scheduled to list on NSE and BSE on 28 October 2026.
What is the Jio IPO price band?
The price band is ₹1,065–₹1,119 per share, with a lot size of 12 shares.
What is the Jio GMP today?
The last reported GMP was ₹238–₹254 (about 21–23%), but it is unofficial and changes daily.
What is the Jio Platforms share price?
There is no traded price until listing on 28 October, so the issue price is the reference.
How do I check Jio IPO allotment status?
Use the registrar’s website or NSE/BSE with your PAN or application number.
Is the Jio IPO good for listing gains or the long term?
Brokerages have been positive on both, but GMP is not a guarantee, so decide based on your own risk appetite.
