The Jio Platforms IPO listing is on 28 October, when the shares start trading on the NSE and BSE. The grey market premium (GMP) was ₹247 on 26 October. That is about 22% above the issue price of ₹1,119.
Key facts before listing
| Item | Detail |
|---|---|
| Issue price | ₹1,119 (upper end of the band) |
| Issue size | ₹30,213 crore, entirely fresh shares |
| Lot size | 12 shares |
| Money for one lot | ₹13,428 |
| Allotment date | 26 October |
| Refund and demat credit | 27 October |
| Listing date | 28 October on NSE and BSE |
The company fixed the issue price at ₹1,119 after the book closed on 23 October. As per a Moneycontrol report, this gives Jio Platforms a value of about ₹10.3 lakh crore.
How the grey market has moved
The GMP has stayed in a narrow range since the issue closed. It touched ₹250 on 23 October and has been ₹247 since 24 October.
| Date | GMP | Over issue price |
|---|---|---|
| 22 October | ₹240 | 21.45% |
| 23 October | ₹250 | 22.34% |
| 24 October | ₹247 | 22.07% |
| 25 October | ₹247 | 22.07% |
| 26 October | ₹247 | 22.07% |
At ₹247, the grey market is pricing a listing near ₹1,366 a share. For one lot of 12 shares, that gap is ₹2,964. GMP is an unofficial grey market number, not an exchange price, so it can change before the shares open.
How strong was the demand?
The issue was subscribed 22.19 times overall. Big investors like mutual funds (QIBs) bid 70.55 times their share. Retail investors bid 2.72 times.
| Category | Subscribed |
|---|---|
| QIB | 70.55x |
| NII | 14x |
| Retail | 2.72x |
| Employees | 2.93x |
| Shareholders | 7.6x |
Because retail was bid 2.72 times, allotment is a lottery. Our estimate is that about one retail application in three gets a lot. The details are in our final-day subscription report.
Where the money goes
The issue is entirely fresh shares, so no existing shareholder sells. As per the Moneycontrol report, up to ₹27,500 crore goes to repay borrowings at its subsidiary Reliance Jio Infocomm. The rest is for general corporate purposes.
For the year to 31 March 2026, the company's revenue was ₹1,46,885 crore. Its profit after tax was ₹30,053 crore.
What our data shows
This year, 71 of 106 mainboard IPOs opened above their issue price. The median listing gain is 6.92%. Look at the grey market's record too. On the last 10 listings, the final GMP missed the actual gain by 7.4 points on average. It was too high 5 times and too low 5 times.
What happens next
The basis of allotment is due on 26 October. Refunds and demat credit follow on 27 October. Shares list on 28 October. You can check your status on the Jio Platforms allotment page once the registrar, KFin Technologies, publishes it. The full details are on the Jio Platforms IPO page.
