Jio Platforms came to market through an IPO that opened on 21 October 2026 and closed on 23 October 2026, and the shares listed on 28 October 2026 on the NSE and BSE. The price band was ₹1,065 to ₹1,119 per share and one lot was 12 shares, so the minimum application was ₹13,428. The issue size was ₹30213 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹1,358, a gain of 21.4% against the issue price of ₹1,119. Kfin Technologies Limited was the registrar to the issue, and 360 One WAM Ltd, Axis Capital Ltd., BNP Paribas, BOFA Securities India Ltd., Citigroup Global Markets India Pvt. Ltd., CLSA India Pvt. Ltd., DAM Capital Advisors Ltd., Goldman Sachs (India) Securities Pvt. Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt. Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Jefferies India Pvt.
Ltd., JM Financial Ltd., JP Morgan India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., SBI Capital Markets Ltd., UBS Securities India Pvt. Ltd. were the lead managers.
The issue was subscribed 22.19 times overall.
Incorporated in 2019, Jio Platforms Limited has been a technology-based digital services provider. Jio Platforms Limited is one of the subsidiaries of Reliance Jio Infocomm Limited. The firm is a digital connectivity and technology solutions provider in India. As at March 31, 2026, the company was serving more than 524 million customers. The company has established its technology stack which has capabilities from the network infrastructure to the software platforms, operating systems, devices, and digital applications.
The company services both consumers and enterprise customers using digital platforms and a national-wide distribution network. The company serves consumers with mobile and fixed broadband connectivity, digital entertainment, games, cloud storage, smart home and AI digital services. The digital platforms include MyJio, JioTV+, JioSaavn, JioGames, and JioAICloud. For businesses, the company serves enterprise connectivity, cloud services, IoT, unified communications platforms, managed services, security services and private 5G.
The enterprise customers of the company cut across the banking industry, utilities, transportation, manufacturing, government and information technology industries. As at March 31, 2026, Jio Platforms and its subsidiaries had 28,163 full-time employees and patent applications in digital connectivity, cloud-native networks, artificial intelligence and other technologies.
As described in the offer document.
Reliance Industries Ltd.. Promoter holding 66.43% before the issue and 64.48% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹1,065 to ₹1,119 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 12 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹13,428.
₹13,428, for one lot of 12 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 21 October 2026 and closed on 23 October 2026.
The basis of allotment was published on 26 October 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 October 2026 on the NSE and BSE, opening at ₹1,358.
The issue size was ₹30213 crore. The fresh issue was 27,00,00,000 shares (aggregating up to ₹30213 crore).
It listed at ₹1,358 against an issue price of ₹1,119, a gain of 21.4 percent on listing day.