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Jio Platforms IPO
Jio Platforms IPO
Overview
Jio Platforms IPO is a book build issue of ₹30,213.00 crores. The issue is entirely a fresh issue of 27.00 crore shares of ₹30,213.00 crore. Jio Platforms IPO opens for subscription on Oct 21, 2026 and closes on Oct 23, 2026. The allotment for the Jio Platforms IPO is expected to be finalized on Oct 26, 2026. Jio Platforms IPO will list on NSE and BSE with a tentative listing date fixed as Oct 28, 2026. Jio Platforms IPO is set issue price band at ₹1,065 to ₹1,119 per share. The lot size for an application is 12 shares. The minimum amount of investment required by an individual investor (retail) is ₹13,428 (12 shares) (based on upper price). Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Refer to Jio Platforms IPO RHP for detailed Information.
Total Shares
27,00,00,000
Issue Size
₹30,213 Cr
Price Band
₹1065 – ₹1119
Lot Size
12 shares
Min. Investment
₹13,428
Max. Investment
₹1,87,992
Open Date
21 Oct, 2026
Close Date
23 Oct, 2026
Allotment
26 Oct, 2026
Listing
28 Oct, 2026
Max. Investment
₹1,87,992
Announced
21 Oct, 2026
Opening Date
21 Oct, 2026
Closing Date
23 Oct, 2026
Basis of Allotment
26 Oct, 2026
Initiation of Refunds
27 Oct, 2026
Credit of Shares
27 Oct, 2026
Listing Date
28 Oct, 2026
Live GMP
Est. Listing: ₹1351
Apply via UPI in 5 minutes
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About Jio Platforms IPO
Incorporated in 2019, Jio Platforms Limited is a technology-driven digital services company that operates through its subsidiary, Reliance Jio Infocomm Limited. The company provides digital connectivity and technology solutions across India, serving over 524 million customers as of March 31, 2026.
The company has developed a proprietary technology stack with capabilities spanning network infrastructure, software platforms, operating systems, devices, and digital applications. Its servic
Jio Platforms IPO Share Price
Issue Breakdown
Shareholding
Dilution: 3.0% increase in shares
Jio Platforms IPO Financial Health
Jio Platforms Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
Jio Platforms IPO Lot Size
Investors can bid for a minimum of 12 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹13,428 |
| Retail (Max) | 14 | 168 | ₹1,87,992 |
| S-HNI (Min) | 15 | 180 | ₹2,01,420 |
| S-HNI (Max) | 74 | 888 | ₹9,93,672 |
| B-HNI (Min) | 75 | 900 | ₹10,07,100 |
(All values in CR)
Jio Platforms IPO Valuations
| Metric | Value |
|---|---|
| RoNW | 2.30 |
| PAT Margin | 19.82 |
| EBITDA Margin | 53.26 |
| NAV | 382.34 |
| P/B (x) | 2.93 |
(All values in CR)
Jio Platforms IPO Strength & Risk
Jio Platforms IPO Strength
- Strong backing from Reliance Industries and a well-established business ecosystem.
- Large and growing digital user base across telecom, entertainment, payments and digital services.
- Multiple revenue opportunities through Jio Telecom, Jio Financial ecosystem, digital platforms and emerging technologies.
- Strong brand recognition and wide reach across India.
- Significant potential from 5G, artificial intelligence, cloud, digital commerce and connected services.
- Access to Reliance’s large customer base and extensive technology infrastructure.
- Strong growth potential as India’s digital economy continues to expand.
Jio Platforms IPO Risk
- High valuation expectations could limit upside if earnings growth falls short.
- Intense competition from companies operating in telecom, digital payments, e-commerce and entertainment.
- Large dependence on continued growth in digital users and monetisation.
- Regulatory changes in telecom and digital businesses could affect operations.
- Rapid technology changes may require continued heavy investment.
- Competition could put pressure on margins and customer acquisition costs.
- IPO performance may be sensitive to overall market conditions and investor sentiment.
Jio Platforms IPO Subscriptions Status
Jio Platforms IPO subscribed 6.60 times. The public issue subscribed 1.99 times in the retail category, 13.98 times in QIB (Ex Anchor), and 8.74 times in the NII category by October 23, 2026 11:25:00 AM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 7,24,74,066 | 7,24,74,066 | 8 |
| QIB (Ex Anchor) | 13.98 | 4,90,07,828 | 68,49,42,708 | 76 |
| NII | 8.74 | 3,64,44,568 | 31,86,72,084 | 35 |
| bNII (> ₹10L) | 10.00 | 2,42,96,379 | 24,30,21,768 | 27 |
| sNII (< ₹10L) | 6.23 | 1,21,48,189 | 7,56,50,316 | 8 |
| Retail | 1.99 | 8,50,37,326 | 16,90,03,860 | 18 |
| Employees | 2.41 | 46,94,836 | 1,13,25,408 | 1 |
| Shareholders | 5.40 | 2,23,41,376 | 12,07,06,500 | 13 |
| Total | 6.60 | 19,75,25,934 | 1,30,46,50,560 | 1 |
Jio Platforms IPO GMP
Jio Platforms IPO last recorded Grey Market Premium (GMP) is ₹232, updated on Oct 23, 2026 10:37:02 AM. With an upper price band of ₹1119.00, the estimated listing price for Jio Platforms IPO is ₹1351 (cap price + today's GMP). This indicates an expected listing gain for Jio Platforms IPO of 20.73%. • Jio Platforms IPO Retail Subject to Sauda: ₹2100 • Jio Platforms IPO Small HNI Subject to Sauda: ₹31500 During this period, the premium has fluctuated between a low of ₹148.00 and a high of ₹273.00.
Last updated 23 Oct, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 23 Oct, 2026 | 0 | ₹232▼ | - | ₹1351 (20.73%) | 2784 | 23 Oct, 2026 |
| 22 Oct, 2026 | 0 | ₹240▼ | - | ₹1359 (21.45%) | 2880 | 22 Oct, 2026 |
| 21 Oct, 2026 | 0 | ₹246▼ | - | ₹1365 (21.98%) | 2952 | 21 Oct, 2026 |
| 20 Oct, 2026 | 0 | ₹273▲ | - | ₹1392 (24.40%) | 3276 | 20 Oct, 2026 |
| 19 Oct, 2026 | 0 | ₹245▼ | - | ₹1364 (21.89%) | 2940 | 19 Oct, 2026 |
| 18 Oct, 2026 | 0 | ₹250▲ | - | ₹1369 (22.34%) | 3000 | 18 Oct, 2026 |
| 17 Oct, 2026 | 0 | ₹235▲ | - | ₹1354 (21.00%) | 2820 | 17 Oct, 2026 |
| 16 Oct, 2026 | 0 | ₹221 | - | ₹1340 (19.75%) | 2652 | 16 Oct, 2026 |
| 15 Oct, 2026 | 0 | ₹221▲ | - | 1340 (19.75%) | 2652 | 15 Oct, 2026 |
| 14 Oct, 2026 | 0 | ₹206▼ | - | ₹1325 (18.41%) | - | 14 Oct, 2026 |
| 13 Oct, 2026 | 0 | ₹218▲ | - | ₹1337 (19.48%) | - | 13 Oct, 2026 |
| 12 Oct, 2026 | 0 | ₹182▲ | - | ₹1301 (16.26%) | - | 12 Oct, 2026 |
| 11 Oct, 2026 | 0 | ₹172▲ | - | ₹1291 (15.37%) | - | 11 Oct, 2026 |
| 10 Oct, 2026 | 0 | ₹171▼ | - | ₹1290 (15.28%) | - | 10 Oct, 2026 |
| 09 Oct, 2026 | 0 | ₹173▲ | - | ₹1292 (15.46%) | - | 09 Oct, 2026 |
| 08 Oct, 2026 | 0 | ₹167▼ | - | ₹1286 (14.92%) | - | 08 Oct, 2026 |
| 07 Oct, 2026 | 0 | ₹182▲ | - | ₹1301 (16.26%) | - | 07 Oct, 2026 |
| 06 Oct, 2026 | 0 | ₹167▲ | - | ₹1286 (14.92%) | - | 06 Oct, 2026 |
| 05 Oct, 2026 | 0 | ₹156▲ | - | ₹1275 (13.94%) | - | 05 Oct, 2026 |
| 04 Oct, 2026 | 0 | ₹148 | - | ₹1267 (13.23%) | - | 04 Oct, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Jio Platforms IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Jio Platforms IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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