Reliance Jio Platforms’ IPO witnessed strong participation from qualified institutional buyers during the opening session. Investors are closely monitoring demand across institutional, non-institutional and retail categories to assess market sentiment towards the Rs. 30,213-crore offering. Subscription figures may change as bidding continues until October 23.
The basis of allotment for Jio Platforms’ IPO is expected to be finalised on October 26, 2026. The shares are tentatively scheduled to list on the BSE and NSE on October 28, subject to the issue timeline.
The public offering comprises 27 crore fresh equity shares and aims to raise Rs. 30,213 crore. The issue is set to surpass Hyundai Motor India’s Rs. 27,800-crore IPO launched in October 2024, according to reports.
Jio Platforms’ grey market premium (GMP) was reported at around Rs. 270 per share ahead of the issue opening, indicating an unofficial premium of approximately 24% over the upper price band. However, GMP is speculative and does not guarantee listing gains.
Jio Platforms has set its IPO price band at Rs. 1,065–Rs. 1,119 per share. At the upper end, the offering values the company at approximately Rs. 10.3 lakh crore, placing it among India’s most valuable businesses.
Reliance Jio Platforms’ Rs. 30,213-crore IPO opened for public subscription on October 21, 2026. The issue will remain open until October 23, giving investors three days to place bids in what is expected to be India’s largest-ever public offering.
Jio Platforms’ profitability is in focus as its initial public offering (IPO) continues to draw investor attention on October 21.
The company reported a profit after tax of Rs. 30,049 crore in FY26, up from Rs. 21,423 crore in FY24. The rise in earnings highlights the company’s financial performance as investors assess its valuation, growth potential and long-term business prospects.
With the Rs. 30,213-crore IPO open for subscription until October 23, market participants are tracking the latest financial developments alongside subscription trends and investor demand.
Follow our live blog for updates on Jio Platforms’ earnings, IPO developments and key investor considerations.