GMP IPO Watch
Jio Platforms IPO
Jio Platforms IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Jio Platforms IPO Details
Key facts at a glance| IPO Open Date | 20 October 2026 | IPO Close Date | 22 October 2026 |
|---|---|---|---|
| Basis of Allotment | 25 October 2026 | Listing Date | 27 October 2026 |
| Price Band | ₹1065 - ₹1119 per share | Face Value | ₹10 per share |
| Market Lot Size | 12 Shares | Min Investment (Retail) | ₹13,428 |
| Total Issue Size | ₹30,188 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹30,188 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | Kfin Technologies Ltd. | ||
Jio Platforms IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 20 October 2026 | Confirmed |
| IPO Close Date | 22 October 2026 | Confirmed |
| Basis of Allotment | 25 October 2026 | Tentative |
| Initiation of Refunds | 27 October 2026 | Tentative |
| Credit of Shares to Demat | 27 October 2026 | Tentative |
| IPO Listing Date | 27 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 23 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Jio Platforms IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 12 Shares | ₹13,428 |
| Retail (Max) | 14 Lots | 168 Shares | ₹1,87,992 |
| S-HNI (Min) | 15 Lots | 180 Shares | ₹2,01,420 |
| S-HNI (Max) | 74 Lots | 888 Shares | ₹9,93,672 |
| B-HNI (Min) | 75 Lots | 900 Shares | ₹10,07,100 |
Jio Platforms IPO Live GMP & Movement History
Daily unofficial grey market trends₹239 +21.4%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 28 Oct 2026 | ₹247 | ₹1366.00 | +22.07% |
| 27 Oct 2026 | ₹250 | ₹1369.00 | +22.34% |
| 26 Oct 2026 | ₹250 | ₹1369.00 | +22.34% |
| 25 Oct 2026 | ₹250 | ₹1369.00 | +22.34% |
| 24 Oct 2026 | ₹250 | ₹1369.00 | +22.34% |
| 23 Oct 2026 | ₹242 | ₹1361.00 | +21.63% |
| 22 Oct 2026 | ₹241 | ₹1360.00 | +21.54% |
| 21 Oct 2026 | ₹273 | ₹1392.00 | +24.40% |
| 20 Oct 2026 | ₹260 | ₹1379.00 | +23.24% |
| 19 Oct 2026 | ₹250 | ₹1369.00 | +22.34% |
| 18 Oct 2026 | ₹220 | ₹1339.00 | +19.66% |
| 17 Oct 2026 | ₹220 | ₹1339.00 | +19.66% |
| 16 Oct 2026 | ₹225 | ₹1344.00 | +20.11% |
| 15 Oct 2026 | ₹208 | ₹1327.00 | +18.59% |
| 14 Oct 2026 | ₹218 | ₹1337.00 | +19.48% |
| 13 Oct 2026 | ₹182 | ₹1301.00 | +16.26% |
| 12 Oct 2026 | ₹182 | ₹1301.00 | +16.26% |
| 11 Oct 2026 | ₹170 | ₹1289.00 | +15.19% |
| 10 Oct 2026 | ₹170 | ₹1289.00 | +15.19% |
| 9 Oct 2026 | ₹175 | ₹1294.00 | +15.64% |
| 8 Oct 2026 | ₹185 | ₹1304.00 | 16.53% |
| 7 Oct 2026 | ₹167 | ₹1286.00 | 14.92% |
| 6 Oct 2026 | ₹168 | ₹1287.00 | +15.01% |
| 5 Oct 2026 | ₹160 | ₹1279.00 | +14.30% |
| 4 Oct 2026 | ₹145 | ₹1264.00 | +12.96% |
| 3 Oct 2026 | ₹125 | ₹1244.00 | +11.17% |
| 2 Oct 2026 | ₹150 | ₹1269.00 | +13.40% |
Jio Platforms IPO Subscription Status
Demand breakdown by investor categoryJio Platforms Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 5,39,580.40 Cr. | 1,10,175.40 Cr. | 81,367.40 Cr. | 21,434.00 Cr. |
| 2025 | 5,81,233.80 Cr. | 1,29,333.00 Cr. | 94,205.70 Cr. | 26,120.30 Cr. |
| 2026 | 6,15,594.00 Cr. | 1,49,759.10 Cr. | 1,09,406.00 Cr. | 30,052.70 Cr. |
| June 2026 | 6,229,05.30 Cr. | 401,97.90 Cr. | 297,70.80 Cr. | 77,64.10 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Jio Platforms IPO Valuation & KPIs
Key metrics pre-issueJio Platforms Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Bharti Airtel Limited | 40.71 | 45.96 | 20.32% | 244.60 | 2,10,972.80 Cr. |
| Vodafone Idea Limited | 3.99 | 3.21 | – | (3.30) | 44,873.00 Cr. |
About Jio Platforms
Jio Platforms delivers digital connectivity in India via a proprietary, AI-driven 5G stack (JioBrain), JioAirFiber, and JioFiber. Revenue is primarily generated through subsidiary Reliance Jio Infocomm’s mobile, enterprise, and rural broadband services. The company also offers digital entertainment/utility apps (JioTV, JioSaavn) and cloud computing solutions, with strategic plans to monetize its homegrown technology internationally through global partnerships and managed service arrangements.
Key Strengths
- Operates a full-stack technology platform built on proprietary digital technology and connectivity infrastructure.
- Serves over 524 million customers through a large digital connectivity and services ecosystem.
- Has one of India’s most extensive network infrastructures with nationwide wireless and broadband coverage.
- Provides access to a wide range of proprietary and third-party digital services through its integrated platform.
- Has a proven track record of scale, revenue growth, profitability, and a strong balance sheet.
Key Risks
- Intense competition from telecom operators and global digital technology companies may impact growth and pricing.
- Changes in telecom licensing, spectrum policies, or data regulations could affect business operations.
- Cybersecurity threats, data privacy issues, or infrastructure vulnerabilities could impact customer trust and services.
- Economic slowdowns may reduce spending on digital connectivity and enterprise digital services.
- Customer churn due to tariff changes, SIM consolidation, or mobile number portability could affect subscriber growth.
Jio Platforms IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 21 Oct 2026 |
| IPO Close Date | 23 Oct 2026 |
| Basis of Allotment | 26 Oct 2026 |
| Refunds | 27 Oct 2026 |
| Credit to Demat Account | 27 Oct 2026 |
| IPO Listing Date | 28 Oct 2026 |
Note: The timeline for Jio Platforms IPO is tentative and subject to change.
Jio Platforms Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Repayment or prepayment of certain Company borrowings | 27500 (91.10%) |
| General Corporate Purposes | 2688 (8.90%) |
Note: Objectives are as specified in the DRHP/RHP documents of Jio Platforms.
Jio Platforms Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 1,10,175.40 Cr. | 81,367.40 Cr. | 21,434.00 Cr. | 5,39,580.40 Cr. |
| 2025 | 1,29,333.00 Cr. | 94,205.70 Cr. | 26,120.30 Cr. | 5,81,233.80 Cr. |
| 2026 | 1,49,759.10 Cr. | 1,09,406.00 Cr. | 30,052.70 Cr. | 6,15,594.00 Cr. |
| June 2026 | 401,97.90 Cr. | 297,70.80 Cr. | 77,64.10 Cr. | 6,229,05.30 Cr. |
Note: Financial numbers for Jio Platforms are in ₹ Crores unless stated otherwise.
Jio Platforms Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | % |
| ROCE | 10.76% |
| EBITDA Margin | 51.91% |
| PAT Margin | 20.46% |
| Debt to Equity Ratio | - |
| Earning Per Share (EPS) | 33.63 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 9.42% |
| Net Asset Value (NAV) | 373.66 |
Note: Valuation KPIs for Jio Platforms are computed for FY2026.
Jio Platforms Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Bharti Airtel Limited | 45.96 | 40.71 | 20.32% | 244.60 | 2,10,972.80 Cr. |
| Vodafone Idea Limited | 3.21 | 3.99 | – | (3.30) | 44,873.00 Cr. |
Note: Peer group comparisons for Jio Platforms are sourced from DRHP filings.
Jio Platforms IPO FAQs
Jio Platforms IPO opens for subscription on 20 October 2026 and closes on 22 October 2026.
The price band for Jio Platforms IPO is set at ₹1065.00 to ₹1119.00 per share.
The minimum market lot size is 12 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 12 Shares (₹13,428).
The latest Grey Market Premium (GMP) for Jio Platforms IPO is ₹239.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Jio Platforms IPO is tentatively scheduled for 25 October 2026, and shares are expected to list on the stock exchanges on 27 October 2026.
Kfin Technologies Ltd. is the official registrar for Jio Platforms IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.