From Coinpedia · By Anjali Belgaumkar
October 26, 2026 06:58:04 UTC
Jio Platforms IPO Is A Pure Fresh Issue Of 27 Crore Shares, No Promoter Selling
Jio Platforms’ ₹30,213 crore IPO consists entirely of new shares, with no stake sale by Reliance Industries or other existing shareholders. The company issued 27 crore fresh equity shares at a price band of ₹1,065 to ₹1,119, so the full amount raised goes directly to Jio Platforms. Up to ₹27,500 crore of the net proceeds will be used to repay or prepay borrowings at Reliance Jio Infocomm, its main telecom subsidiary. That leaves only a small portion for general corporate purposes. The debt reduction should lower interest costs at the operating level. At the upper price band, the IPO values Jio Platforms at about ₹10.3 lakh crore, placing it among India’s most valuable listed companies.
October 26, 2026 06:58:04 UTC
Jio IPO GMP Today: Grey Market Premium Of ₹247 Points To ₹1,366 Listing Price
Jio Platforms shares are changing hands at about ₹247 above the issue price in the unofficial grey market. Against the upper price band of ₹1,119, the premium suggests a possible debut near ₹1,366 per share, roughly 22% higher. A retail investor holding one lot of 12 shares would stand to gain close to ₹2,960 if the stock opens at that level. Allotment results for the ₹30,213 crore issue are due on Monday, October 26, with trading set to begin on BSE and NSE on Wednesday, October 28. Grey market prices are not regulated and often move sharply in the final days before listing, so they offer only a rough guide to opening-day performance.
October 26, 2026 06:45:42 UTC
When will unsuccessful Jio IPO applicants get refunds?
Applicants who do not receive shares should have their money released on Tuesday, October 27, 2026. Most IPO bids are placed through ASBA or UPI, where funds are blocked in the investor’s bank account rather than withdrawn. In those cases, the block is lifted and the amount becomes available again, instead of a separate refund being sent. Partial allottees will see the unused portion of their blocked amount released on the same day.
October 26, 2026 06:45:42 UTC
When did the Jio Platforms IPO open and close?
The Jio Platforms IPO opened for public bidding on Wednesday, October 21, 2026, and closed on Friday, October 23. Tuesday, October 20, was a market holiday for Dussehra. The price band was set at ₹1,065 to ₹1,119 per share. Demand built quickly, with the issue fully covered within about 100 minutes of opening on day one, the fastest for any large Indian IPO. Subscription climbed to 3.16 times on day one and 5.57 times by the end of day two before closing at 22.19 times.
October 26, 2026 06:33:07 UTC
Not every retail investor will get shares