Jio Platforms, the digital and telecom arm of Reliance Industries, is going public this month, and it could turn out to be the biggest IPO India has seen by issue size. The price band is out, the dates are set, and people are already asking about GMP.
- Jio Platforms IPO at a Glance
- Opening and Closing Dates
- Price Band and Lot Size
- GMP: What It Is and What It Isn’t
- Issue Size and Where the Money Goes
- What Jio Platforms Actually Does
- Should You Apply?
- The Bottom Line
- 1. When will the Jio Platforms IPO open?
- 2. What is the Jio Platforms IPO price band?
- 3. What is the Jio Platforms IPO GMP today?
- 4. What is the minimum investment in the Jio Platforms IPO?
- 5. When will Jio Platforms shares be listed?
The issue opens on October 21 and closes on October 23, 2026. The price band is ₹1,065 to ₹1,119 per share, and at the top of that range, the company is looking to raise about ₹30,213 crore. Here’s what you need to know before deciding whether to apply.
Jio Platforms IPO at a Glance
| Detail | Information |
| Company | Jio Platforms Limited |
| Opens | October 21, 2026 |
| Closes | October 23, 2026 |
| Price band | ₹1,065 to ₹1,119 per share |
| Issue size | About ₹30,213 crore |
| Issue type | Fresh issue |
| Shares on offer | Up to 27 crore |
| Face value | ₹10 per share |
| Lot size | 12 shares |
| Minimum investment | ₹12,780 (lower end) to ₹13,428 (upper end) |
| Expected allotment | October 26, 2026 |
| Expected listing | October 28, 2026 |
| Exchanges | NSE and BSE |
These details were current as of October 15, 2026. Dates can shift, so check the final offer documents on SEBI’s website and the exchange notices on NSE before you bid.
Opening and Closing Dates
Bidding starts on Wednesday, October 21 and ends on Friday, October 23. Anchor investors bid a couple of days earlier, on October 19. After the issue closes, allotment is expected to be finalised on October 26. If you get shares, they should land in your demat account on October 27, and trading is tentatively set to begin on October 28 on both NSE and BSE.
Price Band and Lot Size
You can bid anywhere inside the ₹1,065 to ₹1,119 range. The smallest bid is one lot of 12 shares, and after that you go up in multiples of 12.
A few examples:
- 12 shares at ₹1,065: ₹12,780
- 12 shares at ₹1,119: ₹13,428
- 24 shares at ₹1,119: ₹26,856
Those are the application amounts before any charges, and applying doesn’t mean you’ll get shares. In a big IPO, allotment depends on how heavily your category is subscribed.
GMP: What It Is and What It Isn’t
GMP, or grey market premium, is the unofficial price people are willing to pay for IPO shares before they list. On October 15, trackers showed it somewhere around ₹200 to ₹223 per share, depending on the source and the time of day.
So if the GMP were ₹200 and the issue price ₹1,119, the grey market would be hinting at roughly ₹1,319. That’s a rough hint, not a promise. The number moves fast, it isn’t regulated, and plenty of IPOs have listed well above or well below what GMP suggested. Don’t make your decision on that number alone.
Issue Size and Where the Money Goes
This is a fresh issue of up to 27 crore shares at ₹10 face value. Because it’s fresh, the money goes to Jio Platforms itself, not to existing shareholders cashing out. Much of it is meant to pay down borrowings at Reliance Jio Infocomm, and the rest is for general corporate purposes. The offer documents have the exact split.
There are also reserved portions: up to ₹500 crore for eligible employees, who get a ₹54 per share discount, and up to ₹2,500 crore for eligible Reliance Industries shareholders.
What Jio Platforms Actually Does
Jio Platforms is the company behind the Jio mobile network. It runs mobile internet, 5G, home broadband, and business services, and it’s pushing into cloud and AI as well.
Its huge subscriber base is its biggest strength. The flip side is that telecom is a tough business. Competition is intense, pricing pressure is real, regulations can change, and keeping earnings growing is not easy.
Should You Apply?
That’s your call, and the answer depends on your own money and risk appetite. Before bidding, look at the company’s financials, how the valuation compares with similar businesses, the risks listed in the prospectus, and what the proceeds will be used for.
A big issue size and a healthy GMP don’t make an IPO a good investment. Shares can list below the issue price, and you can lose money. Read the Red Herring Prospectus on SEBI’s website before you decide. This article is for information only and isn’t financial advice.
The Bottom Line
The Jio Platforms IPO opens on October 21 with a price band of ₹1,065 to ₹1,119 and an issue size of about ₹30,213 crore. Keep an eye on the subscription numbers and any official updates.
GMP will grab the headlines, but the company’s numbers, its valuation, and the risks matter far more than a listing-day guess.
FAQs
1. When will the Jio Platforms IPO open?
The IPO is scheduled to open on October 21, 2026, and close on October 23, 2026.
2. What is the Jio Platforms IPO price band?
The price band is ₹1,065 to ₹1,119 per share.
3. What is the Jio Platforms IPO GMP today?
Reports on October 15 showed a GMP of approximately ₹200–₹223 per share, depending on the tracker. GMP is unofficial and may change.
4. What is the minimum investment in the Jio Platforms IPO?
The minimum lot is 12 shares, requiring ₹12,780 to ₹13,428 depending on the bid price.
5. When will Jio Platforms shares be listed?
The shares are tentatively scheduled to list on the NSE and BSE on October 28, 2026.
