Jio Platforms IPO: dates, price band, lot size and GMP
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Jio Platforms IPO opens 21 – 23 Oct 2026 on the Mainboard, price band Band awaited, lot size awaited, GMP ₹155. Allotment date awaited, listing date awaited.
Updated 6 Oct 2026, 13:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Jio Platforms IPO has a price band of Band awaited, a lot of — shares and a grey-market premium of ₹155 as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 21 – 23 Oct 2026 |
| Price band | Band awaited |
| GMP (unofficial) | ₹155 |
| Subscription | — |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., BOFA Securities India Ltd., Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt.Ltd., CLSA India Pvt.Ltd., Dam Capital Advisors Ltd., Goldman Sachs (India) Securities Pvt.Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., JP Morgan India Pvt.Ltd., SBI Capital Markets Ltd., UBS Securities India Pvt.Ltd., 360 One WAM Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 21 Oct
- Issue closes: 23 Oct
GMP today
Grey-market premium ₹155 per share. Unofficial, dated, not a forecast. Day-by-day GMP trend.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Fresh issue (shares) | 27,00,00,000 |
| Total shares offered | 27,00,00,000 |
| Promoter holding pre-issue | 66.43% |
| Promoters | Reliance Industries Ltd. |
| Lead managers | Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., BOFA Securities India Ltd., Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt.Ltd., CLSA India Pvt.Ltd., Dam Capital Advisors Ltd., Goldman Sachs (India) Securities Pvt.Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., JP Morgan India Pvt.Ltd., SBI Capital Markets Ltd., UBS Securities India Pvt.Ltd., 360 One WAM Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | jioplatforms.ipo@kfintech.com |
| Company website | jio.com |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not more than 50% of the Net Issue |
| NII (HNI) | — | — | Not less than 15% of the Net Issue |
| Retail | — | — | Not less than 35% of the Net Issue |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹33.62 |
|---|---|
| EPS (post-issue) | ₹32.63 |
| RoNW | 9.42% |
| RoCE | 10.76% |
| PAT margin | 20.46% |
| EBITDA margin | 51.91% |
| NAV per share | ₹373.66 |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 6,15,594 | 5,81,233.8 | 5,39,580.4 | +5.9% |
| Total Income | 1,49,759.1 | 1,29,333 | 1,10,175.4 | +15.8% |
| Profit After Tax | 30,052.7 | 26,120.3 | 21,434 | +15.1% |
| EBITDA | 76,255.4 | 64,170 | 54,958.7 | +18.8% |
| NET Worth | 3,34,013.4 | 3,04,022.4 | 2,77,866.1 | +9.9% |
| Total Borrowing | 70,781 | 73,060.3 | 54,348.9 | −3.1% |
About Jio Platforms
Jio Platforms Limited is a leading digital technology company in India, operating primarily through its subsidiary, Reliance Jio Infocomm Limited. The company delivers a broad range of digital connectivity and technology-enabled services to consumers and enterprises across the country. As of March 31, 2026, it served more than 524 million customers through its extensive telecommunications and digital services ecosystem.
The company has built an integrated, proprietary technology platform encompassing network infrastructure, software applications, operating systems, cloud capabilities, digital devices, and advanced technology solutions. Its consumer offerings include mobile and fixed broadband services, digital entertainment, gaming, cloud storage, smart home products, and AI-powered applications, supported by platforms such as MyJio, JioTV+, JioSaavn, JioGames, and JioAICloud.
For enterprises, Jio Platforms provides connectivity solutions, cloud and IoT services, cybersecurity, managed services, unified communications, and private 5G networks, serving clients across sectors including banking, manufacturing, utilities, transportation, government, and information technology. As of March 31, 2026, the company and its subsidiaries employed 28,163 full-time personnel and maintained a portfolio of patent applications related to digital communications, cloud-native technologies, artificial intelligence, and other emerging innovations.
Objects of the issue
- Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL — ₹27,500 Cr
- General corporate purposes.
Net proceeds: ₹27,500 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Jio Platforms Ltd. (issuer) | 33.63 | 33.59 | 373.66 | — | 9.42% | Consolidated |
| Bharti Airtel | 45.96 | 44.37 | 244.6 | 42.27x | 20.32% | Consolidated |
| Vodafone Idea | 3.21 | 3.21 | 3.3 | 4.65x | — | Consolidated |
Source: All the financial information for listed peer companies mentioned above is on a consolidated basis and is sourced from the annual report or audited financial statements or audited financial results or quarterly IR pack or quarterly reports of the respective company for the financial year ended March 31, 2026, submitted to the Stock Exchanges. * Financial information of the Company has been derived from the Restated Consolidated Financial Information. # To be included in the Prospectus based on the Issue Price.
Strengths (per the offer document)
- 5G on Standalone Architecture — Report. This design unlocks the full potential of 5G use cases including (i) download speed of more than 200 Mbps;
- Transforming digital connectivity in India — In 2016, when we commenced our operations, Indian consumers were predominantly on a 2G network with low penetration of mobile internet and limited exposure to digital use cases, as per the Analysys…
- Transforming Entertainment and Media Consumption at Home — We are uniquely positioned to address the under-penetration of fixed broadband connectivity in India especially with “JioAirFiber”, a fixed wireless access service to accelerate adoption in areas…
- Culture of pioneering and innovation driving execution engine excellence — Innovation drives multiple aspects of our business, leading to efficient operations, reduced time-to-market for our products, and optimised network planning, rollout and real-time performance…
- Unique, future-ready and extensive network infrastructure — Our network infrastructure is built on technological elements that we have pioneered.
- Access to Pan-India Tower and Fibre Network — As of March 31, 2026, we have access to a pan-India network of 360,382 Network Towers, majority of which are fiberised.
- Future Ready Network Infrastructure — In addition, our network architecture provides an inherent cost advantage with our average operating cost of transmitting 1GB of data lower than the industry average, as per the Analysys Mason Report.
Risk factors (as disclosed by the company)
- RJIL holds telecommunication licence and spectrum across different bands which are critical for its operations — The unified licence for providing telecom services held by RJIL across circles in India is due for renewal in October 2033.
- Any disruption to our network — The uninterrupted performance, reliability and availability of our network, passive infrastructure, technology, products and services are critical to our operations and our ability to consistently…
- If we are unable to respond to changes in technology and the evolving demands of our customers, we may face technological obsolescence — The connectivity industry is subject to rapid and continuous technological change, and our connectivity infrastructure faces the risk of technological obsolescence.
- We do not control the use of the "Jio" trademark by other companies in the Reliance Group — The “Jio” trademark, owned by the Promoter, is also used by other Reliance Group entities and affiliates.
- We have entered into various agreements with the Promoter, Reliance Retail Limited and other Reliance Group entities for various aspects of our business — As of the date of this Draft Red Herring Prospectus, the Promoter owns 66.43% of the pre-Issue Equity Share capital of the Company.
- We depend on a limited group of passive infrastructure service providers for a substantial portion of our telecommunication towers and optic fibre network — Our passive infrastructure includes telecommunication towers, shelters, and fibre pairs and ducts, and other equipment needed for our connectivity offerings.
- Any cybersecurity, data or privacy breach could interrupt our operations and have an adverse effect on our reputation, brand, business — Our technology, systems and infrastructure may be vulnerable to cybersecurity threats and breaches, including, but not limited to, social engineering attacks, distributed denial-of-service attacks,…
- We have incurred significant indebtedness — As of March 31, 2026, our borrowings were as follows: (₹ in million) Particulars Sanctioned amount Outstanding amount* Borrowings of the Company Working capital facilities 3,250 - Total (A) 3,250 -
From the RHP (strengths pages 185–193, risk factors pages 29–35). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- Jio Platforms IPO GMP today and trend
- Jio Platforms IPO subscription status, day by day
- Jio Platforms IPO allotment status and how to check
Frequently asked questions
When does the Jio Platforms IPO open and close?
The issue is scheduled for 21 – 23 Oct 2026.
What is the Jio Platforms IPO price band?
The price band is Band awaited per share.
What is the Jio Platforms IPO GMP today?
The grey-market premium reported today is ₹155 per share. GMP is an unofficial, unregulated indicator and not a prediction of the listing price.
How do I apply for the Jio Platforms IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Jio Platforms · as filed with SEBI · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment date awaited · ipostatus.kfintech.com
- NSE public issues page · issue as announced · nseindia.com
- BSE public issues page · issue as announced · bseindia.com
- Jio Platforms company website · jio.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 07:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Jio Platforms IPO”, https://buyunlistedshares.com/ipo/jio-platform-ipo, as of 06 Oct 2026.
Other IPOs on the calendar
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- TNA Solutions IPO · 30 Sep – 6 Oct 2026
- Acme India Industries IPO · 30 Sep – 6 Oct 2026
- R.K.Fashion Accessories IPO · 5 – 7 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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