Stories
Jio Platforms IPO: Heavy Grey Market Demand And Key Details You Need To Know
- •Jio Platforms backed by Reliance Industries is launching its IPO for public subscription starting October 21, aiming to raise 30213 crore rupees.
- •The price band is fixed at 1065 to 1119 rupees per share with 12 shares in a single lot, requiring retail investors to invest at least 13428 rupees for one lot.
- •The grey market premium is claimed to be around 22 to 23 percent with the GMP recorded near 247 rupees by tracking platforms.
- •Major brokerage firms like Motilal Oswal, HDFC Securities, and Emkay Global have given positive recommendations for both listing gains and long-term investment.
- •The proceeds from the IPO will be utilized to repay the debt of the telecom subsidiary Reliance Jio Infocomm and for general corporate purposes.
Key Questions Answered
The Jio Platforms IPO price band is set at ₹1,065 to ₹1,119 per share, with one lot containing 12 shares. Retail investors must invest a minimum of ₹13,428 for one lot based on the upper price band. The public subscription opens from October 21 to October 23, 2026, and shares are scheduled to list on the BSE and NSE on October 28, 2026.
Ahead of the public issue, Jio Platforms raised ₹8,109.84 crore from 212 anchor investors on October 19, 2026. The anchor book received bids worth approximately ₹2.5 lakh crore, indicating demand was more than 30 times the available allocation. Major international and domestic institutional investors participated in this round.
The proceeds generated from the Jio Platforms IPO will be primarily utilized to repay the debt of its telecom subsidiary, Reliance Jio Infocomm, as well as for general corporate purposes. The offering aims to raise up to ₹30,213 crore at the upper end of the price band.
