Jio Platforms IPO GMP Today: Premium At Rs 245, Signals Nearly 22% Listing Gain Ahead Of October 21 Opening

Last Updated:October 20, 2026, 09:51 IST

According to market observers, the latest GMP indicates an estimated listing price of Rs 1,364 against the upper end of the IPO price band of Rs 1,119.

Jio Platforms IPO GMP Today.

Jio Platforms IPO GMP Today: The grey market premium (GMP) of Jio Platforms remained strong at Rs 245 per share on Tuesday, October 20, signalling a potential listing gain of 21.89% ahead of the company’s much-awaited initial public offering (IPO), which will open on October 21. According to market observers, the latest GMP indicates an estimated listing price of Rs 1,364 against the upper end of the IPO price band of Rs 1,119.

The latest premium suggests that investor sentiment remains positive a day before the public issue opens for subscription on Wednesday, October 21. The IPO will close on Friday, October 23.

At the current GMP, investors applying for one lot of 12 shares could potentially see a gain of Rs 2,940 at the indicative listing price. However, it is important to note that grey market premiums are unofficial indicators of market sentiment. They do not guarantee listing gains or future returns. Investors should read the IPO’s offer documents carefully before applying.

Jio Platforms’ initial public offering (IPO) will open for public subscription on Wednesday, October 21, and close on Friday, October 23. The company has fixed the price band at Rs 1,065-1,119 per share and is looking to raise Rs 30,213 crore at the upper end of the band, making it India’s largest IPO by issue size.

Jio Platforms IPO: Strong Anchor Book Demand Boosts Sentiment

The positive grey market sentiment comes after Jio Platforms’ anchor book attracted massive institutional demand on Monday. The Rs 8,110-crore anchor book received bids worth around Rs 2.5 lakh crore, translating into demand of more than 30 times the amount on offer.

The company raised Rs 8,110 crore from 212 anchor investors ahead of its public issue. Major institutional investors participating in the anchor allocation included LIC and global investment firms, alongside other domestic and international institutions.

The strong institutional response provides an encouraging signal ahead of the public subscription period. However, anchor investor participation and grey market premiums are not guarantees of the response the IPO will receive from retail and other investors.

Jio Platforms IPO: Price Band, Issue Size And Key Dates

Jio Platforms has fixed the price band at Rs 1,065-1,119 per share. The company is looking to raise around Rs 30,213 crore at the upper end of the price band through a fresh issue of 27 crore shares, making it one of India’s largest-ever public offerings.

Here are the key details of the Jio Platforms IPO:

• IPO opening date: October 21, 2026
• IPO closing date: October 23, 2026
• Price band: Rs 1,065-1,119 per share
• Issue size: Around Rs 30,213 crore
• Fresh issue: 27 crore shares
• Minimum lot size: 12 shares
• Minimum retail investment: Rs 13,428 at the upper price band
• Tentative allotment date: October 26, 2026
• Tentative listing date: October 28, 2026
• Stock exchanges: BSE and NSE

At the upper price band, the minimum retail application for 12 shares amounts to Rs 13,428. The tentative listing date is October 28, subject to the IPO timetable and applicable approvals.

Jio Platforms IPO: Why Investors Are Watching The Issue

Jio Platforms, part of Reliance Industries, has built a large telecom and digital services business spanning mobile connectivity, 5G, home broadband, entertainment, cloud & AI services and enterprise solutions.

Its subscriber base, growing demand for data services and opportunities to increase average revenue per user (ARPU) are among the factors investors are assessing ahead of the IPO. The company is also seeking to expand its digital services portfolio, including cloud and artificial intelligence-related offerings.

The proposed listing will give public-market investors a direct investment route into Reliance Industries’ telecom and digital services business and provide a separate market valuation for its growth prospects.

Disclaimer: News18 is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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What are the opening and closing dates for the Jio Platforms IPO?

The Jio Platforms initial public offering will open for public subscription on Wednesday, October 21, and will close on Friday, October 23, 2026, with the minimum retail investment set at Rs 13,428 for one lot of 12 shares at the upper price band.

What is the total issue size and price band for the Jio Platforms IPO?

Jio Platforms has fixed its price band at Rs 1,065 to Rs 1,119 per share and aims to raise approximately Rs 30,213 crore through a fresh issue of 27 crore shares at the upper end of the band.

How did institutional investors respond to the Jio Platforms anchor book?

The Rs 8,110-crore anchor book attracted massive institutional demand on Monday, receiving bids worth around Rs 2.5 lakh crore from 212 anchor investors, which translates to a demand of more than 30 times the amount on offer.

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