Jio IPO Listing Live Updates: Jio Platforms shares to make Dalal Street debut today. Check GMP and other details

Business News›Markets›Stocks›Live Blog›Jio IPO Listing Live Updates: Jio Platforms shares settle at Rs 1,358 vs issue price of Rs 1,119 on NSE, BSE. Check brokerage views

Jio (Jio Platforms) Share Price Live Updates

Jio IPO Live Updates: With Jio Platforms set to list today, its shares are commanding a GMP of around Rs 246-247 over the IPO price of Rs 1,119, indicating a potential listing price of Rs 1,365-1,366.

Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street
Jio Platforms shares settle at Rs 1,358 per share against the IPO price of Rs 1,119 apiece on BSE, NSE

Jio Platforms gets first Buy call! Nomura says ‘disruptor now the leader’; starts coverage with Rs 1,340 target

Shares of Jio Platforms, set to make their highly anticipated debut later today, will be available under the Margin Trading Facility (MTF) from its first day of listing on October 28, NSE said in a circular. Analysts expect Jio's market leadership, subscriber base and expanding digital businesses to support investor interest beyond its debut.

Didn’t get Jio IPO shares? Experts decode the listing-day playbook for investors

Jio Platforms' Rs 30,213 crore IPO surpassed Hyundai Motor India's Rs 27,870 crore offering to become the largest public issue in India's capital market history. The issue was fully subscribed within 100 minutes of opening, reflecting strong early participation from institutional and retail investors.

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We have had the privilege of transforming millions of lives
Jio IPO response surpassed our expectations.
Today's Jio listing is not a finish line, but a starting line.

Jio IPO response surpassed our expectations.

Jio is made by you. Our aim is to fulfil your dreams.
Jio's seed was sown by Isha, nurtured by Akash.
Today, the NSE bell will be like a temple bell for me.

Jio's seed was sown by Isha, nurtured by Akash.

• Nomura sees home broadband, improving cash flow and technology licensing as key growth drivers for Jio Platforms. Its broadband base reached 28.6 million in June 2026, nearly twice Airtel’s.
• Lower capital expenditure could accelerate free cash flow generation, with Nomura expecting Jio to become net debt-free by FY29. Its proprietary 5G and UBR technologies also offer global licensing opportunities.

• International brokerage Nomura has initiated coverage on Jio Platforms with a Buy rating and a target price of Rs 1,340, implying 20% upside to the IPO issue price of Rs 1,119.
• The brokerage views Jio as a telecom-scale leader entering its monetisation phase, with its subscriber base, data traffic share and market position supporting potential tariff increases.

• Jio Platforms shares will be eligible for the Margin Trading Facility (MTF) from their first day of trading on October 28, the National Stock Exchange (NSE) said in a circular.
• In a circular dated October 27, NSE confirmed that Jio Platforms’ equity shares would be listed on its Capital Market segment from October 28 and classified under Group 1 securities.
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• With the allotment of Jio Platforms’ initial public offering (IPO) finalised, investors who missed out on the issue are now turning their attention to its stock market debut.
• As the company prepares to list on the exchanges today, the key question is whether investors should buy the shares on listing or wait for a possible correction. Read more

Uday Patil, Executive Director at PL Capital, described the listing as a milestone for India's capital markets, citing the company's established telecom operations and opportunities in broadband, cloud computing and artificial intelligence.

Motilal Oswal sees room for long-term growth, citing its leadership in India's telecom market, earnings growth and opportunities in emerging digital services. "Jio offers a combination of market leadership, healthy earnings growth and future opportunities in broadband, enterprise technology and AI," the broker said.

The debut will also be closely tracked for its potential impact on Reliance Industries, which will remain Jio Platforms' majority shareholder after the offering. At a listing premium of 22%, Jio's implied market cap could reach nearly Rs 12.6 lakh crore, giving it a place among India's most valuable listed companies from its first trading session.

Jio shares are commanding a grey market premium of around Rs 246-247 over the IPO price of Rs 1,119, indicating a possible listing price of Rs 1,365-1,366. This translates into potential listing gains of around Rs 2,950 for investors allotted one lot of 12 shares.