Jio Platforms IPO Shares List at ₹1,358 on NSE, Debut at 21.36% Premium

Jio Platforms Ltd. shares made their stock market debut on Wednesday, October 28, 2026, listing at ₹1,358 per share on the National Stock Exchange (NSE), representing a premium of 21.36% over the IPO issue price of ₹1,119 per share. The company's equity shares also commenced trading on the Bombay Stock Exchange (BSE).

The stock opened ₹239 above the issue price on NSE. Investors who received shares through the IPO allotment recorded a gain at the opening price, before applicable transaction charges and taxes. Following the listing, Jio Platforms shares traded at ₹1,358.50 as of 10:47 AM IST, with an intraday high of ₹1,375 and a low of ₹1,357, according to 5paisa.

The listing followed the company's ₹30,213 crore initial public offering, which opened for subscription on October 21, 2026, and closed on October 23, 2026. The public issue received an overall subscription of 21.36 times, with the Qualified Institutional Buyers (QIBs) category recording the highest subscription at 67.15 times, according to IPOPlatform's final combined subscription data. The IPO price band was fixed at ₹1,065 to ₹1,119 per share.

Jio Platforms Ltd. is the digital services subsidiary of Reliance Industries, operating across telecommunications, broadband connectivity and digital technology services. Its businesses include mobile connectivity, fixed broadband, enterprise solutions, cloud services and digital platforms serving consumers and businesses across India.

Jio Platforms IPO Listing Details

Jio Platforms IPO was a ₹30,213 crore book-built issue comprising a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The public offering did not include an offer-for-sale component.

Since the entire IPO comprised a fresh issue, the proceeds will be received by Jio Platforms, after applicable issue-related expenses. No existing shareholders sold equity shares through an offer-for-sale component of the public issue.

The IPO price band was fixed at ₹1,065 to ₹1,119 per equity share, with a minimum application lot of 12 shares. At the upper end of the price band, the minimum investment required from an Individual Investor was ₹13,428.

The IPO opened for subscription on October 21, 2026, and closed on October 23, 2026. The basis of allotment was scheduled for October 26, followed by the initiation of refunds and credit of shares to successful applicants' demat accounts on October 27, 2026.

The offering included a reservation of up to ₹500 crore for eligible employees and up to ₹2,500 crore for eligible shareholders of Reliance Industries. Anchor investor bidding took place on October 19, ahead of the public subscription period.

The public issue received bids across institutional, non-institutional, individual, employee and shareholder categories. The QIB category recorded the highest subscription among the main investor categories at 67.15 times, followed by Non-Institutional Investors at 13.99 times. The Individual Investors category was subscribed 2.76 times.

On October 28, 2026, Jio Platforms shares listed at ₹1,358 on NSE, representing a premium of 21.36% over the issue price. Following the opening, the stock traded at ₹1,358.50 as of 10:47 AM IST, reflecting an increase of 21.40% compared with the IPO price.

- Issue Price: ₹1,119 per share
- NSE Listing Price: ₹1,358 per share
- NSE Listing Premium: 21.36%
- Trading Price: ₹1,358.50 per share
- Change From Issue Price at NSE Listing: +21.36%
- Change From Issue Price at Reported Trading Price: +21.40%
- Intraday High: ₹1,375
- Intraday Low: ₹1,357
- Trading Volume: 12,29,76,068 shares
- Market Capitalisation: ₹12,51,047 crore
- Overall Subscription: 21.36 times
- Issue Size: ₹30,213 crore
- Fresh Issue: Up to 27 crore equity shares
- Offer for Sale: Nil
- Price Band: ₹1,065 to ₹1,119 per share
- Lot Size: 12 shares
- Minimum Investment: ₹13,428
- IPO Open Date: October 21, 2026
- IPO Close Date: October 23, 2026
- Listing Date: October 28, 2026
- Exchange: NSE and BSE
 

First-Day Trading Performance

Jio Platforms share price began trading above its IPO issue price on October 28, 2026, with the stock recording a listing premium of 21.36% on NSE.

Listing Price: On NSE, the stock opened at ₹1,358 per share, compared with the IPO issue price of ₹1,119, resulting in a premium of ₹239 per share, or 21.36%.

The opening price placed Jio Platforms shares above the upper end of the IPO price band of ₹1,119. The stock subsequently traded at ₹1,358.50, remaining above its issue price during the morning session.

Listing Return: Investors allotted one lot of 12 shares at the issue price of ₹1,119 invested ₹13,428. At the NSE listing price of ₹1,358, the value of one lot stood at ₹16,296, representing a gain of ₹2,868 before applicable charges and taxes.

At the reported trading price of ₹1,358.50, the corresponding lot value stood at ₹16,302, translating into a gain of ₹2,874 over the original application amount, before charges and taxes.

Opening Performance: Following the debut, Jio Platforms shares touched an intraday high of ₹1,375, representing an increase of ₹256 per share, or 22.88%, over the IPO issue price.

The stock recorded an intraday low of ₹1,357, which was ₹238, or 21.27%, above the issue price. The difference between the intraday high and low stood at ₹18 per share.

As of 10:47 AM IST, the stock traded at ₹1,358.50, ₹0.50 above its NSE listing price. The reported trading price represented an increase of ₹239.50, or 21.40%, over the IPO issue price.

The opening premium followed an IPO that received 21.36 times overall subscription. Institutional investors recorded the highest subscription among the main investor categories, with the QIB portion subscribed 67.15 times, while the NII category attracted 13.99 times subscription.

Jio Platforms IPO Subscription Status

The Jio Platforms IPO received an overall subscription of 21.36 times by the close of bidding on October 23, 2026, according to IPOPlatform's final combined subscription data.

The public issue attracted bids for 4,21,87,71,852 shares against 19,75,25,934 shares available for subscription, excluding the anchor investor portion.

Qualified Institutional Buyers recorded the highest subscription among the main investor categories at 67.15 times, followed by Non-Institutional Investors at 13.99 times. The Individual Investors category was subscribed 2.76 times.

The employee reservation category received subscription of 2.91 times, while the shareholder reservation portion was subscribed 7.59 times.

Within the Non-Institutional Investors category, the portion for smaller NII applications recorded subscription of 15.88 times, while the portion for larger NII applications was subscribed 10.20 times.

The QIB category recorded the highest subscription multiple, with institutional investors bidding for substantially more shares than those available for the category. Non-Institutional Investors subscribed 13.99 times their allocated portion, while Individual Investors subscribed 2.76 times.

The total subscription of 21.36 times reflected participation across all major investor categories during the three-day bidding period.

The IPO opened on October 21, 2026, with the public issue receiving an overall subscription of 3.17 times on Day 1, according to IPOPlatform's day-wise figures. Subscription increased to 5.54 times on Day 2, October 22, before reaching 21.36 times on the final day of bidding.

The final combined subscription data showed applications across the institutional, non-institutional, individual, employee and shareholder categories, ahead of the company's stock market listing on October 28, 2026.

About Jio Platforms Ltd.

Jio Platforms Limited is an Indian telecommunications and digital technology company and a subsidiary of Reliance Industries Limited. The company operates a technology-led business built around digital connectivity, telecommunications infrastructure and consumer and enterprise digital services.

Its principal telecommunications operations are conducted through Reliance Jio Infocomm, which provides mobile connectivity and broadband services across India. The company's services include mobile telecommunications, fixed wireless access, fibre broadband and connectivity solutions for individual and business customers.

Jio Platforms operates digital services across multiple business segments, including telecommunications, cloud computing, digital applications, enterprise technology solutions and connected devices. Its business model combines network infrastructure with technology platforms to deliver services to consumers and enterprises.

The company's consumer-facing services include Jio mobile connectivity, JioFiber broadband and JioAirFiber fixed wireless access. It also participates in digital entertainment, communications and technology-enabled services through businesses and platforms within its digital services ecosystem.

Jio Platforms provides enterprise connectivity and digital infrastructure solutions, including network services, cloud-related offerings and technology solutions intended to support business communication and digital operations.

The company also invests in developing technologies such as artificial intelligence, Internet of Things applications, cloud infrastructure and next-generation connectivity solutions. These initiatives form part of its broader digital technology operations alongside its established telecommunications business.

Jio Platforms operates in India's telecommunications and digital services sector, where business performance is influenced by subscriber growth, data consumption, network infrastructure investments, service pricing and the adoption of digital technologies by consumers and enterprises.

For the financial year ended March 31, 2026, the company reported revenue of ₹1,46,885.3 crore and profit after tax of ₹30,049.1 crore. Its operations span consumer connectivity, enterprise services and digital platforms, supported by telecommunications infrastructure across India.

The company's IPO comprised a fresh issue of equity shares, with no offer-for-sale component. The listing on NSE and BSE provides a public trading platform for Jio Platforms' equity shares following the completion of its ₹30,213 crore initial public offering.