Jio IPO Listing Live Updates: Jio shares settle at Rs 1,358 vs issue price of Rs 1,119 on NSE, BSE. Catch all listing updates here

Business News›Markets›Stocks›Live Blog›Jio Platforms Share Price Live Updates: Jio Platforms shares trade flat after listing at 21% on NSE, BSE. Check brokerage views

Jio (Jio Platforms) Share Price Live Updates

Jio Platforms Share Price Live: Shares of Jio Platforms, the country’s largest public offering to date, are trading flat after listing at an impressive 21.36% premium over the IPO price on BSE and NSE.

Jio Platforms shares list at a 21% premium over IPO price. Should investors buy, sell or hold the stock?
Jio Platforms made a strong debut on the stock exchanges on Wednesday, with its shares opening at Rs 1,359 on both BSE and NSE, marking a 21.36% gain over the issue price of Rs 1,119. The listing marks the debut of the country’s largest-ever public offering.

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

Shares of Jio Platforms are available under the Margin Trading Facility (MTF) from today, 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

1 New Update

• Motilal Oswal expects Jio Platforms to deliver a 14% revenue CAGR, 15% growth in reported EBITDA and 20% growth in profit after tax over FY26-29.
• Subscriber additions, tariff hikes of around 15% from March 2027, home broadband expansion and digital services are expected to support growth.
• Capex is projected at Rs 340-360 billion, while free cash flow and IPO proceeds could help Jio become net cash positive by FY29.

• Elara Capital expects Jio Platforms’ average revenue per user (ARPU) to rise from Rs 214 in FY26 to Rs 257 in FY29.
• Tariff hikes, migration from 2G to 4G and 5G, prepaid-to-postpaid upgrades, premiumisation, higher data consumption and bundled digital services are expected to drive the increase.
• Jio’s affordable data ecosystem also offers opportunities across enterprise cloud, communications and consumer productivity services.

Elara Capital has initiated coverage on Jio Platforms with a Buy rating and a target price of Rs 1,367 per share. It expects mobility revenue and profitability to benefit from subscriber additions, affordable plans, extensive network coverage and low churn. Subscriber numbers are projected to grow at a 3% CAGR over FY26-29, while tariff hikes of 12-15% from the second half of FY27 could support further growth.

Price as on 10.14.27 AM, Click on company names for their live prices.

Shares of Jio Platforms, the country’s largest public offer to date, listed at Rs 1,359 on BSE and NSE on Wednesday, an impressive 21.36% premium over the IPO price of Rs 1,119 per share. Read more

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.
• Read more

• 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 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.

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.