Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Jio Platforms IPO
Price Band
₹1065.0–1119.0
Issue Size
₹30187.65 Cr
Lot Size
12 shares
Min Investment
₹13,428
GMP
+₹245.0 (21.89%)
Issue Price
₹1119.0
Subject to Sauda
₹2200
Paid only if allotted
Jio Platforms IPO AI Summary
- Jio Platforms IPO is allotted on BSE, NSE in the Telecom - Cellular & Fixed line services sector.
- Price band: ₹1065.0–₹1119.0 per share, lot size 12 shares (min. investment ₹13,428).
- Subscription window: 21 Oct–23 Oct 2026, listing on 28 Oct 2026.
- Current GMP is +₹245.0 (21.89%), an estimated listing price of ₹1364 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jio Platforms IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Oct 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
21.36x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
67.15x
|
67x ✓ |
| NII (HNI) |
13.99x
|
14x ✓ |
| ↳ bNII (>₹10L) |
15.88x
|
16x ✓ |
| ↳ sNII (<₹10L) |
10.20x
|
10x ✓ |
| Retail (RII) |
2.76x
|
2.76x |
| Shareholder |
7.59x
|
7.59x |
| Employee |
2.91x
|
2.91x |
| Total | 21.36x | 21.36x |
Auto-updated every 5 min · As of 23rd Oct 2026 19:30
Jio Platforms IPO Grey Market Premium (GMP) Today
GMP
+₹245.0
GMP %
+21.89%
Est. Listing
₹1364.0
Updated: 26 Oct 2026 23:30
GMP Trend (Last 10 Days)
TopFund Score — Listing Data Indicator
GMP is 21.9% above issue price
QIB subscribed 67.15x
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 17.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Jio Platforms Limited is a leading digital technology company in India, operating primarily through its subsidiary, Reliance Jio Infocomm Limited. The company delivers a broad range of digital connectivity and technology-enabled services to consumers and enterprises across the country. As of March 31, 2026, it served more than 524 million customers through its extensive telecommunications and digital services ecosystem. The company has built an integrated, proprietary technology platform encompassing network infrastructure, software applications, operating systems, cloud capabilities, digital devices, and advanced technology solutions. Its consumer offerings include mobile and fixed broadband services, digital entertainment, gaming, cloud storage, smart home products, and AI-powered applications, supported by platforms such as MyJio, JioTV+, JioSaavn, JioGames, and JioAICloud. For enterprises, Jio Platforms provides connectivity solutions, cloud and IoT services, cybersecurity, managed services, unified communications, and private 5G networks, serving clients across sectors including banking, manufacturing, utilities, transportation, government, and information technology. As of March 31, 2026, the company and its subsidiaries employed 28,163 full-time personnel and maintained a portfolio of patent applications related to digital communications, cloud-native technologies, artificial intelligence, and other emerging innovations.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 6,22,905.30 | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
| Total Income | 40,197.90 | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| Profit After Tax | 7,764.10 | 30,052.70 | 26,120.30 | 21,434.00 |
| EBITDA | 20,864.50 | 76,255.40 | 64,170.00 | 54,958.70 |
| NET Worth | 3,41,778.50 | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
| Reserves and Surplus | 3,32,839.50 | 3,25,074.40 | 2,95,083.40 | 2,68,927.10 |
| Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
Key Ratios
EPS
₹33.62
NAV
₹373.66
RoNW
9.42%
P/B Value
2.99
P/E Ratio
33.28
Market Cap
₹1030490.55 Cr
PAT Margin
20.46%
Peer Comparison
| Company | NAV | P/E (x) | EPS Basic | EPS Diluted | RoNW |
|---|---|---|---|---|---|
| Vodafone Idea Ltd. | -3.3 | 3.99 | 3.21 | 3.21 | — |
| Bharti Airtel Ltd. | 244.6 | 40.71 | 45.96 | 44.37 | 20.32% |
| Jio Platforms Ltd. This IPO | 373.66 | — | 33.63 | 33.59 | 9.42% |
Promoters
Reliance Industries Ltd.
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | 27,500.00 2 | General corporate purposes. | 2,217.90 3 | Issue Expenses | 469.70 | Total | 30,187.60
IPO Evaluation
Generated 24 Oct 2026Revenue Trend
Total income was ₹1,10,175.40 Cr in the year ending 31 Mar 2024, increasing to ₹1,29,333.00 Cr by 31 Mar 2025. This growth continued, with total income reaching ₹1,49,759.10 Cr by 31 Mar 2026. As of 30 Jun 2026, the total income was ₹40,197.90 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹21,434.00 Cr in the year ending 31 Mar 2024, rising to ₹26,120.30 Cr by 31 Mar 2025. The upward trend continued, with profit after tax reaching ₹30,052.70 Cr by 31 Mar 2026. As of 30 Jun 2026, the profit after tax was ₹7,764.10 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The implied P/E ratio for Jio Platforms at the issue price of ₹1119.0 is approximately 33.28, compared to peers trading at P/E ratios ranging from 3.99 to 40.71.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the demand for an IPO before it lists on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weak demand. GMP can fluctuate based on market sentiment and investor interest.
Subscription Demand
As of 23rd Oct 2026, the overall subscription rate for the IPO was 21.36 times. The institutional category saw the highest demand, with QIBs subscribing 67.15 times, followed by NII at 13.99 times. Retail investors subscribed 2.76 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth prospects and market position.
Who May Want to Wait
Those who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to significant price fluctuations on listing day and in the early trading period.
IPO Timeline, Explained
The IPO opens on 21st October 2026 and closes on 23rd October 2026. Allotment of shares is expected on 26th October 2026, with the listing date set for 28th October 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO are listed on the stock exchange. However, these gains are not guaranteed and depend on market conditions, investor sentiment, and the company's performance post-IPO. Investors should be prepared for the possibility of price volatility on the listing day.
This evaluation is generated from Jio Platforms's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jio Platforms IPO GMP today?
Jio Platforms IPO GMP today is +₹245.0 (21.89%), indicating an estimated listing price of ₹1364. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jio Platforms IPO?
The price band of Jio Platforms IPO is ₹1065.0–₹1119.0 per share.
When does Jio Platforms IPO open and close?
Jio Platforms IPO opens on 21 October 2026 and closes on 23 October 2026.
When does Jio Platforms IPO list on the stock exchange?
Jio Platforms IPO is scheduled to list on 28 October 2026, with an estimated listing price of ₹1364.0 based on current GMP.
What is the lot size for Jio Platforms IPO?
The lot size for Jio Platforms IPO is 12 shares, requiring a minimum investment of ₹13,428.
What is the TopFund Listing Data Indicator for Jio Platforms?
Jio Platforms's Listing Data Indicator score is 74/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is between ₹1065.0 and ₹1119.0.
What is the minimum investment required?
The minimum investment required is ₹13,428.0.
What is the lot size for the IPO?
The lot size for the IPO is 12 shares.
When is the listing date?
The listing date is 28th October 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the demand for the IPO before it lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Oct 2026
Close
23 Oct 2026
Allotment
26 Oct 2026
Listing
28 Oct 2026
Similar IPOs in Telecom - Cellular & Fixed line services
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for Jio Platforms?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.