Jio Platforms IPO GMP Today

The issue

Jio Platforms Limited is an Indian digital technology and telecommunications company that operates as the digital arm of Reliance Industries Limited. Through its material subsidiary, Reliance Jio Infocomm Limited (RJIL), and various digital entities, it provides mobile and home broadband, cloud computing, enterprise connectivity, IoT, and AI-driven products, serving 524.4 million customers as of March 31, 2026.

Jio Platforms Limited is a Mainboard issue on NSE & BSE. The price band is ₹1,065–₹1,119. One lot is 12 shares, and the smallest application is 1 lot (12 shares, ₹13,428 at the top of the band). The issue size is ₹30,187.65 crore.

The issue is entirely a fresh issue of up to 27 crore equity shares with no offer-for-sale component. Net proceeds are earmarked primarily for the prepayment or repayment of up to ₹27,500 crore of borrowings availed by its subsidiary, Reliance Jio Infocomm Limited, with the remainder used for general corporate purposes.

For FY26, the company reported consolidated revenue from operations of ₹1,46,885 crore, an increase of 14.6% from ₹1,28,218 crore in FY25. Consolidated profit after tax (PAT) grew 15.1% to ₹30,049 crore in FY26 from ₹26,109 crore in FY25.

Jio Platforms listed on 28 Oct 2026 at +21.36% over the ₹1,119 issue price. The last grey-market premium before listing was +₹250 (+22.34%), so the listing came in close to what the grey market implied.

Latest overall subscription on this edition is 22.19×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.

The company is heavily dependent on a single subsidiary, Reliance Jio Infocomm Limited, which generates over 87% of consolidated revenue and over 92% of net profit, and relies on Reliance Retail Limited as the sole distributor for its prepaid connectivity. It also faces risks relating to intense competition, high capital expenditure requirements, network service interruptions, and strict regulatory obligations such as 5G spectrum rollout milestones.

The timetable on the record is open 21 Oct 2026, close 23 Oct 2026, allotment 26 Oct 2026, listing 28 Oct 2026. KFin Technologies is the registrar. Check allotment on their site with your PAN after the basis is out. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.

Company profile: AI analysis of the offer document and news coverage (2 Nov 2026). Sources: icicidirect.com, telecom.economictimes.indiatimes.com, tradingview.com, multibagg.ai, money.rediff.com. Check the offer document before relying on a figure.