Jio Platforms IPO: dates, price band, lot size and GMP
Jio Platforms IPO opens 21 – 23 Oct 2026 on the Mainboard, price band ₹1,065 – ₹1,119, lot 12 shares, GMP ₹221 (+19.7% over the upper band). Allotment 26 Oct, listing 28 Oct.
Listing date: Jio Platforms IPO is scheduled to list on 28 Oct on NSE, BSE.
Updated 17 Oct 2026, 21:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Jio Platforms IPO has a price band of ₹1,065 – ₹1,119, a lot of 12 shares and a grey-market premium of ₹221 (+19.7% over the upper band) as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 21 – 23 Oct 2026 |
| Price band | ₹1,065 – ₹1,119 |
| Lot size | 12 shares |
| Issue size | ₹30,213.00 Cr |
| Fresh issue | ₹30,213 Cr |
| GMP (unofficial) | ₹221 |
| 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
- Allotment: 26 Oct
- Refunds: 27 Oct
- Demat credit: 27 Oct
- Listing: 28 Oct
GMP today
Grey-market premium ₹221 per share (19.7% over the upper band of ₹1,119), estimated listing price about ₹1,340. Unofficial, dated, not a forecast. Day-by-day GMP trend.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹10,30,491 Cr |
| P/E (pre-issue) | 33.28x |
| P/E (post-issue) | 33.19x |
| Fresh issue (shares) | 27,00,00,000 |
| Total shares offered | 27,00,00,000 |
| Promoter holding pre-issue | 66.43% |
| Promoter holding post-issue | 64.48% |
| 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 |
| Anchor bid date | 19 Oct 2026 |
| Anchor lock-in ends (50%) | 25 Nov 2026 |
| Anchor lock-in ends (remaining) | 24 Jan 2027 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 12 | ₹13,428 |
| Retail (maximum) | 15 | 180 | ₹2,01,420 |
| sNII (minimum) | 15 | 180 | ₹2,01,420 |
| bNII (minimum) | 75 | 900 | ₹10,07,100 |
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 2026
| EPS (pre-issue) | ₹33.62 |
|---|---|
| EPS (post-issue) | ₹33.72 |
| P/E (pre-issue) | 33.28x |
| P/E (post-issue) | 33.19x |
| RoNW | 9.42% |
| RoCE | 10.76% |
| PAT margin | 20.46% |
| EBITDA margin | 51.91% |
| Price / book | 2.99x |
| NAV per share | ₹373.66 |
| Market cap (upper band) | ₹10,30,491 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 6,22,905.3 | 6,15,594 | 5,81,233.8 | 5,39,580.4 | +5.9% |
| Total Income | 40,197.9 | 1,49,759.1 | 1,29,333 | 1,10,175.4 | +15.8% |
| Profit After Tax | 7,764.1 | 30,052.7 | 26,120.3 | 21,434 | +15.1% |
| EBITDA | 20,864.5 | 76,255.4 | 64,170 | 54,958.7 | +18.8% |
| NET Worth | 3,41,778.5 | 3,34,013.4 | 3,04,022.4 | 2,77,866.1 | +9.9% |
| Reserves and Surplus | 3,32,839.5 | 3,25,074.4 | 2,95,083.4 | 2,68,927.1 | +10.2% |
| Total Borrowing | 61,372.2 | 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 Ltd. | 45.96 | 44.37 | 244.6 | 40.71x | 20.32% | Consolidated |
| Vodafone Idea Ltd. | 3.21 | 3.21 | −3.3 | 3.99x | — | 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. Notes: Revenue from operations for Bharti Airtel Limited is on consolidated basis (including the Africa Business) as reported in the consolidated audited results for the year ended March 31, 2026.
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) · RHP (PDF)
Jio Platforms IPO: dates per the RHP
| Bidding | 21 – 23 Oct 2026 (per the RHP) |
|---|---|
| Price band | ₹1,065 – ₹1,119 (per the RHP) |
| Lot size | 12 shares |
| Allotment | 26 Oct |
| Listing | 28 Oct |
| Exchanges | NSE, BSE |
RIL shareholder quota: who is eligible
From the Jio Platforms Limited, Draft Red Herring Prospectus dated 19 June 2026 (SEBI website), read on 3 Oct 2026 (SEBI-hosted PDF).
- Who is eligible
- Individuals and HUFs who are public equity shareholders of Reliance Industries Limited (RIL), the promoter, as on the date the red herring prospectus (RHP) is filed, excluding anyone not eligible to invest under applicable law. (DRHP, Definitions, p. 12)
- How big the quota is
- Not disclosed yet: the DRHP reserves “up to [●] Equity Shares” for eligible RIL shareholders; the number comes with the RHP. (DRHP, Definitions, p. 14; The Issue, p. 64)
- Maximum bid in the quota
- ₹2,00,000 per eligible RIL shareholder, with allocation on a proportionate basis. (DRHP, Definitions, p. 14)
- Bidding in other categories too
- An eligible RIL shareholder may also bid in the retail or non-institutional portion (and the employee portion, if eligible); these are not treated as multiple bids, subject to limits. (DRHP, The Issue, p. 64, note 3)
- What you need
- A valid PAN updated in RIL’s register of members or the depository records, and a valid demat account: shares are allotted only to a demat account. In joint holdings the first bidder must be the eligible RIL shareholder. (DRHP, Issue Procedure, pp. 481–482)
- Unsubscribed quota
- Any unsubscribed part may go to the employee portion and then to the retail and non-institutional portions in a 70:30 ratio. (DRHP, Definitions, p. 14)
- The issue itself
- A fresh issue of up to 270,000,000 equity shares of face value ₹10 each, with no offer for sale; proposed listing on BSE and NSE. (DRHP, cover page)
Still unannounced
- The number of shares in the RIL shareholder quota (shown as [●] in the DRHP)
- The RHP date, which fixes who counts as an eligible RIL shareholder
- The issue size in rupees (the DRHP fixes up to 270,000,000 new shares, at a price still to be set)
Jio IPO questions
Will Reliance shareholders get Jio shares?
Not automatically. The draft red herring prospectus (DRHP) dated 19 June 2026 reserves a portion of the Jio Platforms IPO for eligible RIL shareholders: individuals and HUFs who hold RIL shares on the date the RHP is filed can bid in that portion, up to ₹2,00,000 each, and allotment is proportionate.
What is the Jio IPO shareholder quota?
The RIL Shareholders Reservation Portion described in the DRHP. Its size is not disclosed yet (shown as [●]); the RHP will state the number of shares.
How do I become eligible for the RIL shareholder quota?
Per the DRHP, you must be an individual or HUF holding RIL equity shares on the date the RHP is filed, with your PAN updated in RIL's records and a valid demat account. The RHP date has not been announced.
When is the Jio IPO?
Bidding is 21 – 23 Oct 2026 (per the RHP).
What is the Jio IPO price band?
The price band is ₹1,065 – ₹1,119 (per the RHP).
Is the Jio IPO a fresh issue or an offer for sale?
Per the DRHP, a fresh issue of up to 270,000,000 equity shares of face value ₹10 each; there is no offer for sale.
Background: Jio IPO and the holding-company discount, a beginner’s guide.
Sources: Jio Platforms Limited, Draft Red Herring Prospectus dated 19 June 2026 (SEBI website), read 3 Oct 2026; SEBI public issues register. Dates and band follow the RHP and exchange notices once filed.
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 ₹1,065 – ₹1,119 per share with a lot size of 12 shares.
How big is the Jio Platforms IPO?
The total issue size is ₹30,213.00 Cr.
What is the Jio Platforms IPO GMP today?
The grey-market premium reported today is ₹221 per share. GMP is an unofficial, unregulated indicator and not a prediction of the listing price.
When will Jio Platforms list?
The tentative listing date is 28 Oct on the main board.
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
- Red herring prospectus (RHP), Jio Platforms · as filed · myjiostatic.cdn.jio.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 26 Oct · ipostatus.kfintech.com
- NSE public issues page · listing 28 Oct · nseindia.com
- BSE public issues page · listing 28 Oct · bseindia.com
- Jio Platforms company website · jio.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 17 Oct, 12:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Jio Platforms IPO”, https://buyunlistedshares.com/ipo/jio-platform-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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- The risks of buying unlisted and pre-IPO shares in India
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- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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