Jio Platforms, Reliance Industries’ digital and telecom arm, debuted on the NSE and BSE on October 28, 2026 at ₹1,358 per share, a 21.36% premium to its ₹1,119 IPO issue price. The company raised ₹30,213 crore in an entirely fresh issue that was subscribed 22.19 times. Its market value was about ₹12.5 lakh crore at the open, which made it India’s second-most valuable company, according to reports. This article is for information only and is not investment advice.
Key takeaways
- Jio Platforms listed at ₹1,358 on both the NSE and BSE, against an issue price of ₹1,119.
- The IPO was a ₹30,213 crore fresh issue, so the money goes to the company rather than to selling shareholders.
- Jio had 533.3 million customers as of June 2026, including 284.9 million on 5G.
- Listing gains don’t predict future performance, and no tariff change has been announced as part of the listing.
Jio Platforms listing at a glance
| Detail | Figure |
|---|---|
| Listing date | October 28, 2026 |
| Exchanges | NSE and BSE |
| IPO issue price | ₹1,119 (top of the ₹1,065–1,119 price band) |
| Listing price | ₹1,358 on both exchanges |
| Listing premium | 21.36% (₹239 per share) |
| IPO size | ₹30,213 crore, entirely fresh issue of 27 crore shares |
| Subscription | 22.19 times |
| Market value at the open | About ₹12.5 lakh crore |
| Lot size | 12 shares (₹13,428 at the issue price) |
In the first hours of trading the stock moved close to its listing price. One live tracker showed it at ₹1,372.40 around 12:17 PM on the NSE, about 1% above the debut price. Prices change every minute, so check the exchanges for live figures.
How the IPO went
The public offer was open from October 21 to October 23, 2026, with anchor investor bidding on October 19. Allotment was finalized on October 26, and the NSE and BSE issued listing notices on October 27. The issue price was set at the upper end of the price band. The offer was a fresh issue of 27 crore shares, which represents roughly 2.9% of the company’s post-issue equity. Existing shareholders including Google, Meta and KKR, who together own about a third of the company, did not sell in the IPO.
What is Jio Platforms?
Jio Platforms is the holding company for Reliance’s digital businesses. Its main subsidiary, Reliance Jio Infocomm, runs mobile, home broadband and enterprise services, including JioFiber and JioAirFiber. It is the world’s second-largest mobile operator by subscribers in a single country, behind China Mobile.
The scale is large:
- 533.3 million customers as of June 2026, including 284.9 million 5G subscribers, as Inc42 reported
- Revenue of about ₹1.47 lakh crore and profit after tax of around ₹30,000 crore in FY2026
- A consolidated profit of ₹7,764 crore in the April–June 2026 quarter, up 9.2% from a year earlier, on revenue of ₹45,961 crore, up 12%
- Average revenue per user (ARPU) of ₹215.6 in the same quarter
Jio Platforms is not the same as Reliance Industries. Reliance is the promoter and held about 66.43% before the IPO.
Why the listing matters for tech and telecom
Jio is trying to be valued as more than a phone network. It is pitching a mix of 5G, broadband and AI-related services, such as the 18-month Gemini Pro offer it launched with Google for eligible 5G users. Investors are watching whether more customers move to higher-priced plans and whether Jio can turn its 5G user base into higher revenue. For the wider market, the listing is among the biggest in India’s history and sets a reference point for other telecom and digital companies.
What it means for Jio users
For everyday users, little changes immediately. The company hasn’t announced any tariff change connected to the listing. Analysts keep an eye on ARPU, because rising ARPU can signal future price increases, but that is a forecast, not an announcement. If you want to follow how Jio’s services affect other options for internet users, see our Internet coverage.
What to watch next
- Anchor lock-in expiry. Half of the anchor investors’ shares become tradable after November 24, 2026, and the rest after January 23, 2027, according to Zerodha’s IPO page.
- Quarterly results. As a listed company, Jio Platforms will now report results on a regular schedule.
- Price moves. Newly listed shares can be volatile in their first weeks.
- Competition and tariffs. Rivals such as Bharti Airtel and Vodafone Idea, and any regulatory or pricing changes, can affect the business.
Things to keep in mind
A strong debut doesn’t guarantee future returns, and the stock can rise or fall. The valuation is also large: the draft prospectus implied about ₹11.5 lakh crore before the IPO, and the stock opened around ₹12.5 lakh crore. Telecom is a capital-heavy, competitive business. If you are thinking of investing, read the prospectus and speak to a SEBI-registered adviser rather than relying on news articles.
Frequently asked questions
When did Jio Platforms list on the stock exchanges?
Jio Platforms listed on the NSE and BSE on October 28, 2026.
What was the Jio Platforms listing price?
The shares opened at ₹1,358 on both the NSE and BSE, a 21.36% premium to the ₹1,119 issue price.
How big was the Jio Platforms IPO?
The IPO raised ₹30,213 crore through a fresh issue of 27 crore shares, and it was subscribed 22.19 times.
Is Jio Platforms the same as Reliance Industries?
No. Jio Platforms is a subsidiary of Reliance Industries. Reliance is its promoter and largest shareholder.
Will Jio recharge plans become costlier after the listing?
No tariff change has been announced in connection with the listing. Analysts watch ARPU for signs of future price changes, but that is speculation, not a confirmed plan.
How many shares were in one IPO lot?
One lot had 12 shares, which cost ₹13,428 at the issue price of ₹1,119.
Disclaimer
This article is for general information only and is not investment advice. Share prices change constantly and past listing gains don’t guarantee future returns. Consult a SEBI-registered adviser before making investment decisions.