Jio Platforms IPO GMP ₹220 Today (15 Oct), Price Band, Allotment Date
Jio Platforms IPO is a Mainboard issue open from 21–23 October. The company is raising ₹30,213 Cr at a price band of ₹1065 to ₹1119 per share. One lot is 12 shares.
Jio Platforms IPO GMP (grey market premium)
₹220
Implied listing gain: ₹1339 (19.66%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Jio Platforms IPO Review & Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹13,428
12 shares at the upper band of ₹1119
Retail limit
14 lots
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~5 days
from the closing date to listing
Fresh issue share
100%
₹30213 Cr of the ₹30213 Cr issue
GMP-implied listing gain
+19.7%
₹220 premium on a ₹1119 issue price
Promoter holding
66.43% → 64.48%
diluted by 2 percentage points
Jio Platforms is a mainboard issue raising ₹30,213 Cr, offered in a band of ₹1065–₹1119 per share. At the upper end that is 111.9 times the ₹10 face value, so ₹1109 of every share subscribed is share premium rather than capital.
A retail application for Jio Platforms needs one lot of 12 shares, which works out to ₹13,428 at the upper band of ₹1119. That sits comfortably below the ₹15,000 retail lot ceiling, which keeps the entry cost modest for small investors. Retail applications are capped at ₹2,00,000, which here is 14 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 75 lots.
For Jio Platforms, bidding runs 21-23 October, allotment is finalised on 26 Oct 2026, the shares list on 28 Oct 2026. Applications that do not receive an allotment have their UPI mandate released around 3 days after the issue closes. Counting from the close of bidding, money stays blocked for roughly 5 days before listing decides what the holding is worth.
The issue is reserved 50% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The whole ₹30213 Cr is a fresh issue. Every rupee raised stays with the company and can fund the stated objects of the issue, which is generally a better sign than an offer that mainly lets existing holders sell down.
The most recent figures the company has filed cover 30 Jun 2026, which is a different length of period from 31 Mar 2026. Year-on-year growth is not stated here because the two periods are not comparable — read the reported numbers side by side rather than as a growth rate.
Kfin Technologies Ltd. is the registrar for this issue, which means the allotment status for Jio Platforms is published on their portal from 26 Oct 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
A grey market premium of ₹220 on the upper band of ₹1119 implies a listing gain of roughly 19.7%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
What looks good
- The entire issue is a fresh issue, so all of the money raised goes to the company rather than to exiting shareholders.
The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.
| IPO Date | 21–23 October |
| Face Value | ₹10 Per Share |
| Price Range | ₹1065 to ₹1119 |
| Issue Size | ₹30,213 Cr |
| Lot Size | 12 Shares |
| Allotment Date | 26 Oct 2026 |
| Listing Date | 28 Oct 2026 |
| Registrar | Kfin Technologies Ltd. |
Quota Allocation
| Category | Allocation |
|---|
| Retail Investors | 35% |
| QIB (Qualified Institutional Buyers) | 50% |
| HNI (High Net Worth Individuals) | 15% |
IPO Details
| Total Issue Size | 27,00,00,000 shares (agg. up to ₹30,213 Cr) |
| Fresh Issue | 27,00,00,000 shares (agg. up to ₹30,213 Cr) |
| Share Holding Pre Issue | 8,93,90,30,830 shares |
| Share Holding Post Issue | 9,20,90,30,830 shares |
IPO Timetable (Tentative)
| IPO Open | Wed, Oct 21, 2026 |
| IPO Close | Fri, Oct 23, 2026 |
| Allotment | Mon, Oct 26, 2026 |
| Refund | Tue, Oct 27, 2026 |
| Credit of Shares | Tue, Oct 27, 2026 |
| Listing | Wed, Oct 28, 2026 |
Issue Reservation
| Investor Category | Shares |
|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
IPO Lot Size
| 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 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹5 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹5 Lakhs (EMP) + RII/NII limits | Yes (SH/EMP/RII) |
Company Financials (Restated Consolidated)
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|
| Assets | 6,22,905.30 | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
| Total Income | 40,197.90 | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| Profit After Tax | 7,764.10 | 30,052.70 | 26,120.30 | 21,434.00 |
| EBITDA | 20,864.50 | 76,255.40 | 64,170.00 | 54,958.70 |
| NET Worth | 3,41,778.50 | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
| Reserves and Surplus | 3,32,839.50 | 3,25,074.40 | 2,95,083.40 | 2,68,927.10 |
| Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
| Amount in ₹ Crore |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|
| 1 | Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | 27,500.00 |
| 2 | General corporate purposes. | |
| Total | 27,500.00 |
Key Performance Indicator (KPI)
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|
| RoNW | 2.30% | 9.42% |
| PAT Margin | 19.82% | 20.46% |
| EBITDA Margin | 53.26% | 51.91% |
| NAV | 382.34 | 373.66 |
| P/B (x) | 2.93 | 2.99 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|
| EPS (₹) | 33.62 | 33.72 |
| P/E (x) | 33.28 | 33.19 |
| Market Cap at Offer Price | ₹10,00,277.55 Cr. | ₹10,30,490.55 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|
| Promoter and Promoter Group | 66.43% | 64.48% |
| Public | 33.57% | 35.52% |
| Total | 100% | 100% |
IPO Details
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 1 | 0 | 0 | 0 |
About Jio Platforms
Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. The Company has developed proprietary digital technology and pan-India connectivity infrastructure to support the delivery of digital services to consumers and businesses. Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026.The Company operates through an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI). Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions. For businesses, it provides enterprise connectivity, cloud and security solutions, managed services, IoT applications and AI-based solutions. The Company’s proprietary technology capabilities span network infrastructure, device engineering, software, operating systems and digital applications.
The Company’s infrastructure includes pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks as of June 30, 2026. Its wireless broadband network covered more than 99% of India’s population. The Company and its subsidiaries had filed 7,220 patent applications, of which 1,043 had been granted, as of June 30, 2026. Its technology initiatives include an indigenous 5G technology stack, proprietary AI platform JioBrain and fixed wireless access technology. The Company also leverages a nationwide distribution network and partnerships to expand access to digital services.
As of June 30, 2026, the Company had 27,932 full-time employees and engaged 63,795 personnel on a contract basis. Its workforce includes teams across digital products and technology development, business operations, sales and distribution, customer service, network operations, and corporate functions.
Leadership in digital connectivity and services across India.
Diversified portfolio of consumer and enterprise digital services.
Large and highly engaged customer base with nationwide reach.
Nationwide digital distribution network and strategic group synergies.
Proven ability to scale operations and deploy new technologies rapidly.
Extensive pan-India network infrastructure with 4G and 5G capabilities.
Proprietary technology platform with in-house engineering and full-stack capabilities.
Strong innovation capabilities supported by patents, AI and technology development.
Jio Platforms IPO — common questions
What is Jio Platforms IPO?
Jio Platforms IPO is a Mainboard issue open from 21–23 October. The company is raising ₹30,213 Cr at a price band of ₹1065 to ₹1119 per share. One lot is 12 shares.
When does Jio Platforms IPO open and close?
The issue is open 21–23 October. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Jio Platforms IPO price band?
The price band is ₹1065 to ₹1119 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Jio Platforms IPO lot size?
The minimum application is 12 shares, and bids must be in multiples of that lot.
What is the Jio Platforms IPO issue size?
The total issue size is ₹30,213 Cr.
How is Jio Platforms IPO reserved between investor categories?
The issue is reserved as retail 35%, QIB 50%, HNI 15%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Jio Platforms IPO allotment date?
Basis of allotment is expected to be finalised on 26 Oct 2026. You can check your status on the registrar's website (Kfin Technologies Ltd.) using your PAN.
When does Jio Platforms IPO list?
Listing is expected on 28 Oct 2026, following the T+3 timeline that applies to Indian IPOs.
