Jio Platforms Ltd (JPL) shares listed at ₹1,358 on both NSE and BSE on Wednesday, October 28, 2026, a 21.36% premium over the IPO price of ₹1,119. For every lot of 12 shares, allottees gained about ₹2,868 on listing.
The Jio IPO was the biggest public issue in India’s history at roughly ₹30,200 crore, and it was subscribed 22.19 times. Reliance Jio’s listing also gave the Mukesh Ambani-led telecom and digital company a market capitalisation of around ₹12.5 lakh crore on day one.
Below: the Jio listing price, Jio IPO GMP vs actual listing, subscription status, how to check Jio IPO allotment status with your PAN, and whether to hold or sell Jio shares.
Jio Listing Price: ₹239 Profit Per Share Before the Market Even Opened
The Jio Platforms listing price was ₹1,358 on NSE and BSE, ₹239 above the issue price. That was slightly below the grey-market estimate of about ₹1,369–1,374.
| Metric | Value |
|---|---|
| Jio IPO issue price | ₹1,119 per share |
| Jio listing price (NSE) | ₹1,358 |
| Jio listing price (BSE) | ₹1,358 |
| Jio IPO listing gain | ₹239 per share (21.36%) |
| Gain per lot (12 shares) | ₹2,868 |
| Market cap at listing | about ₹12.5 lakh crore |
| Listing time | 10:00 AM IST, October 28, 2026 |
Jio share price today live: the price moves through the session. Check the live Jio Platforms share price on nseindia.com or bseindia.com (search “Jio Platforms”). (Editor: update this line with the day’s closing price after 3:30 PM.)
Jio Platforms IPO: India’s Biggest-Ever ₹30,200 Crore Issue in 2 Tables
The Jio Platforms IPO was a 100% fresh issue of 27 crore shares at a price band of ₹1,065–1,119, with no offer for sale. Existing investors such as Meta, Google and KKR did not sell any shares.
| Detail | Jio Platforms IPO |
|---|---|
| Issue size | about ₹30,200 crore (₹30,188–30,213 crore reported) |
| Issue type | Book-built, fresh issue only |
| Price band | ₹1,065 – ₹1,119 per share |
| Final Jio IPO price | ₹1,119 |
| Face value | ₹10 per share |
| Lot size | 12 shares (₹13,428 minimum) |
| Employee discount | ₹54 per share |
| Shareholder quota | For Reliance Industries shareholders as of the RHP date |
| Reservation | QIB up to 50%, Retail at least 35%, NII at least 15% |
| Registrar | KFin Technologies |
| Listing at | NSE and BSE |
Jio IPO timeline (2026)
| Event | Date |
|---|---|
| Anchor bidding | Mon, Oct 19 |
| IPO opens | Wed, Oct 21 |
| IPO closes | Fri, Oct 23 |
| Allotment | Mon, Oct 26 |
| Refunds and demat credit | Tue, Oct 27 |
| Jio listing date | Wed, Oct 28 |
| Anchor lock-in ends (50%) | Tue, Nov 24 |
| Anchor lock-in ends (rest) | Sat, Jan 23, 2027 |
Proceeds go mainly towards reducing Jio Platforms’ debt.
Jio IPO Listing Time: What Really Happened Between 9 and 10 AM on NSE
Jio shares listed on October 28, 2026, and normal trading began at 10:00 AM IST. Like every new listing on NSE and BSE, Jio went through a special IPO pre-open session first.
- 9:00–9:45 AM: Buy and sell orders are placed, modified or cancelled.
- 9:45–9:55 AM: Orders are matched and the opening price is discovered. For Jio, that was ₹1,358.
- 9:55–10:00 AM: Buffer period for the shift to normal trading.
- 10:00 AM onwards: Jio Platforms trades like any other stock.
This is why searches for jio ipo listing time, nse pre open and jio opening price spike between 9 and 10 AM on listing day: the listing price is known only after the pre-open match.
Jio IPO GMP vs Reality: Did the Grey Market Get It Right?
Almost. The Jio IPO GMP rose from ₹125 in early October to ₹247–260 by listing week, implying a listing near ₹1,366–1,379. The actual listing at ₹1,358 came about ₹10–20 below that.
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Lesson for IPO investors: GMP is unofficial, unregulated grey-market data. It is a useful mood indicator, but it is not a guaranteed listing price. In Jio’s case it was close; in many smaller IPOs the gap is much wider.
Jio IPO Subscription: Big Money Bet 70x, Retail Only 2.7x — Here’s Why That Matters
The Jio Platforms IPO closed on October 23 subscribed 22.19 times, drawing bids for about 438 crore shares against 19.75 crore on offer. Institutions drove almost all of the demand.
| Investor category | Subscription (times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 70.55x |
| Non-Institutional Investors (NII/HNI) | 14.00x |
| Retail investors | 2.72x |
| Overall | 22.19x |
What this means for you: with retail only 2.7x subscribed, most retail applicants who bid at the cut-off price for one lot had a fair chance of allotment. Heavy QIB demand is also why the stock opened with a strong premium. (Category figures as reported by exchange-data trackers; confirm on NSE.)
Did You Get Jio Shares? Check Your Jio IPO Allotment Status With PAN in 60 Seconds
Jio IPO allotment was finalised on October 26, and shares were credited to demat accounts on October 27. If you applied, check your status by PAN on any of these:
- KFin Technologies (registrar): Open the KFintech IPO status page, choose “Jio Platforms Limited”, select PAN, enter it and submit.
- BSE: Go to the BSE application status page, select Equity, choose Jio Platforms, enter your PAN or application number.
- NSE: Use the NSE IPO bid verification page with your PAN and application number.
- Your broker app or demat account: If 12 Jio shares (or a multiple) show in holdings, you were allotted.
Not allotted? The blocked UPI amount (₹13,428 per lot) should have been released by October 27. If it is still blocked, contact your bank and the registrar.
From Free SIM Cards to ₹12.5 Lakh Crore: The Jio Story the Ambanis Built
Jio Platforms is the Reliance Industries holding company for Reliance Jio, India’s largest telecom operator, plus its digital businesses. It was incorporated on November 15, 2019, and Jio crossed 506 million subscribers by late 2025.
The Ambani family behind Jio
- Mukesh Ambani: Chairman of Reliance Industries, the promoter, which held 66.43% of Jio Platforms before the IPO.
- Akash Ambani: Chairman of Reliance Jio Infocomm, the telecom arm.
- Isha Ambani and Anant Ambani: Directors on the Reliance Industries board.
Global investors: Meta (about 10%), Google (about 7.7%), KKR, Silver Lake and others together own around a third of Jio. None of them sold shares in this IPO, a signal of long-term confidence.
Jio vs peers (FY26)
| Company | EPS (₹) | Return on net worth |
|---|---|---|
| Jio Platforms | 33.63 | 9.42% |
| Bharti Airtel | 45.96 | 20.32% |
| Vodafone Idea | –3.21 | Negative |
Valuation check: At ₹1,358, Jio trades at about 40 times FY26 earnings (₹1,358 ÷ ₹33.63). Its return on net worth is less than half of Airtel’s, so the market is paying for future growth in 5G, broadband, AI and digital services, not current profitability.
Jio IPO: Hold or Sell? 3 Questions to Ask Before You Hit the Button
There is no single right answer; it depends on why you applied. Use these three questions instead of tips on social media.
- Were you here for listing gains? A 21% gain has been delivered. Booking full or partial profit locks it in. Many investors sell half and hold half.
- Do you believe in Jio for 3–5 years? Holding makes sense if you are betting on 5G, home broadband, AI and digital services growth, and you are comfortable with a valuation of about 40x earnings.
- Can you handle the lock-in dates? 50% of anchor shares unlock on November 24, 2026, and the rest on January 23, 2027. Extra supply around these dates can pressure the price.
Smart move: If you hold, decide your stop-loss now (for example, near the ₹1,119 issue price) rather than reacting to every tick.
Where to track the Jio share price live: NSE India, BSE, your broker app, and business channels such as CNBC TV18 and CNBC Awaaz for live coverage.
Want to read IPOs like a pro, not guess? At 9AM Traders Academy, Delhi, we teach how to analyse IPOs, GMP, subscription data and listing-day price action, live with a teacher. Call 9315906004 or visit 9amtraders.com.
Jio IPO FAQs: Quick Answers Everyone Is Searching For
What was the Jio IPO listing price? Jio Platforms listed at ₹1,358 on both NSE and BSE on October 28, 2026.
What was the Jio IPO listing gain? ₹239 per share, or 21.36% over the ₹1,119 issue price. That is ₹2,868 per lot of 12 shares.
What is the Jio IPO listing time? The special pre-open session ran from 9:00 AM; normal trading in Jio shares started at 10:00 AM IST.
What was the Jio IPO GMP before listing? The Jio IPO GMP was around ₹245–260 in the final days, pointing to a listing near ₹1,364–1,379. The actual listing at ₹1,358 came slightly below that.
What was the Jio IPO price band? ₹1,065 to ₹1,119 per share, with a lot size of 12 shares.
How do I check Jio IPO allotment status? Enter your PAN on the KFin Technologies IPO status page, the BSE application status page, or the NSE bid verification page.
Was Jio India’s largest IPO? Yes. At about ₹30,200 crore, the Jio Platforms IPO is India’s largest public issue, ahead of Hyundai Motor India’s 2024 IPO.
Who owns Jio Platforms? Reliance Industries, led by Mukesh Ambani, is the promoter. Meta, Google, KKR and other global investors hold minority stakes.
Should I hold or sell Jio shares? It depends on your goal: listing gains are already 21%, while long-term holders are betting on growth at about 40x earnings. Note the anchor lock-in expiries on November 24, 2026 and January 23, 2027.
Disclaimer: This article is for education only and is not investment advice. 9AM Traders Academy is not a SEBI-registered investment adviser. Consult a registered adviser before investing.
Sources
- Upstox: Jio Platforms IPO listing date and key details
- Angel One: Jio Platforms lists at ₹1,358 on NSE
- Free Press Journal: Jio market cap at listing
- Chittorgarh: Jio Platforms IPO details
- Zerodha: Jio Platforms IPO schedule and lock-ins
- IPO Ji: Jio Platforms IPO GMP history
- Fintech BizNews: category-wise subscription
- Multibagg: retail subscription at close
- IPO Premium: peer comparison and company data
- Business Standard: valuation and Meta/Google stakes