Jio Platforms IPO GMP Live Updates: Jio Platforms’ much-awaited IPO opens today; GMP jumps to 24%. Brokerages remain positive

Business News›Markets›Stocks›Live Blog›Jio Platforms IPO GMP Live Updates: Jio IPO sails through on Day 1, led by stellar QIB demand. Check GMP and bokerage views

Jio Platforms IPO GMP LIVE

Jio IPO Updates Live: Jio Platforms’ Rs 30,213 crore IPO is now open for subscription, with positive brokerage recommendations, strong QIB demand and a grey market premium of around 25% driving investor interest.

Jio Platforms IPO price band and issue details
The company plans to raise Rs 30,213 crore through the public issue, which is priced at Rs 1,065-1,119 per share. The subscription window closes on October 23. Based on the upper price limit, Jio Platforms' valuation stands at Rs 10.3 lakh crore.

Jio Platforms IPO GMP today
In the unofficial market, Jio Platforms shares were trading at a premium of about Rs 275, implying a listing price of Rs 1,394 per share, or an upside of nearly 25% over the upper end of the issue price. However, GMP is an informal indicator and may fluctuate before listing.

Jio Platforms IPO anchor investors
Ahead of the public issue, Jio Platforms secured Rs 8,110 crore from anchor investors on Monday. The participants included major institutions such as LIC, BlackRock and Fidelity, alongside other Indian and overseas investors.

Top Jio Reads
Jio IPO or RIL shares? Where should investors bet as Ambani's Rs 30,213 crore issue opens
Can Jio Platforms IPO deliver long-term growth for high-risk investors?

Jio Platforms IPO GMP today

Jio Platforms IPO anchor investors

1 New Update

Price as on 10.35.21 AM, Click on company names for their live prices.

Jio Platforms has built a nationwide 4G and 5G connectivity network covering more than 99% of India's population. As of June 30, 2026, its infrastructure also included fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks, supporting its digital connectivity and computing services.

Jio Platforms' subsidiary, Reliance Jio Infocomm, had 533.3 million customers as of June 30, 2026. The subscriber base gives the company a substantial reach across India's digital connectivity market, supporting its consumer services and broader technology business.

• Jio's ARPU has risen from Rs 181.7 in FY24 to Rs 214 in FY26 and Rs 215.6 in the June quarter.
• The upward movement reflects an increase in average revenue per user over the period.
• Investors track ARPU to understand changes in subscriber revenue and the monetisation trends of telecom businesses.

Jio Platforms' grey market premium (GMP) rises to Rs 275 per share, representing a premium of nearly 25% over the upper issue price of Rs 1,119. This indicates an implied listing price of Rs 1,394, with the GMP increasing by Rs 5 from the previous quote.

Qualified Institutional Buyers (QIBs): 2.86 times
Reservation Portion Shareholder: 0.24 times
Employee Reserve: 0.34 times
Retail Individual Investors (RIIs): 0.12 times
Non-Institutional Investors (NIIS): 0.14 times

Total: 0.83 times

(Source: BSE Market Data)

Reservation Portion Shareholder: 0.24 times

Employee Reserve: 0.34 times

Retail Individual Investors (RIIs): 0.12 times

Non-Institutional Investors (NIIS): 0.14 times

Total: 0.83 times

(Source: BSE Market Data)

• With Jio Platforms targeting a valuation of Rs 10 lakh crore through its IPO, market experts are weighing the merits of investing in the telecom business versus its parent, Reliance Industries.
• Some prefer RIL, citing the discount to the value of its Jio stake and its diversified business portfolio, while others favour Jio for direct exposure to India's expanding digital economy.
• Read more

Reservation Portion Shareholder: 0.19 times
Employee Reserve: 0.23 times
Retail Individual Investors (RIIs): 0.09 times
Non-Institutional Investors (NIIS): 0.12 times
Qualified Institutional Buyers (QIBs): 1.95 times

(Source: NSE Market Data)

Employee Reserve: 0.23 times

Retail Individual Investors (RIIs): 0.09 times

Non-Institutional Investors (NIIS): 0.12 times

Qualified Institutional Buyers (QIBs): 1.95 times

(Source: NSE Market Data)

Jio's bottom line expanded in FY26, with net profit reaching Rs 30,049 crore against Rs 26,109 crore in FY25. The improvement came alongside higher revenue and operating earnings, signalling continued growth in the company's financial results.
Jio recorded EBITDA of Rs 76,255 crore in FY26, up from Rs 64,170 crore in the previous year. The increase was accompanied by higher revenue from operations, indicating an expansion in the company's operating earnings.

• Jio reported revenue from operations of Rs 1.46 lakh crore in FY26, up from Rs 1.28 lakh crore in the previous financial year.
• The increase reflects business growth, while higher profitability and an improving average revenue per user point to stronger monetisation.

• Canara Bank Securities has recommended the Jio Platforms IPO for investors with a long-term investment horizon.
• It expects the company to gain from customers moving from 2G to 4G and 5G networks, along with rising demand for home broadband.
• The brokerage also sees scope for Jio to generate revenue by taking its technology offerings to international markets.

• Motilal Oswal pointed to Jio's 533 million subscribers as of June 2026 and its contribution of nearly 60% of India's wireless data traffic as major strengths.
• The brokerage also highlighted its in-house 5G technology and over 7,200 patent applications.
• These capabilities could help Jio strengthen its competitive position and develop additional digital services.

• Swastika Investmart has recommended subscribing to the Jio Platforms IPO, pointing to opportunities arising from India's expanding digital economy.
• According to the brokerage, increasing adoption of home broadband, further gains in average revenue per user (ARPU) and improved cash generation could contribute to the company's growth over time.

• Motilal Oswal Wealth Management has recommended subscribing to the Jio Platforms IPO for both listing gains and long-term investment.
• The brokerage cited the company's strong position in India's telecom market, expanding broadband operations and improving earnings.
• It also sees Jio's large subscriber base and proprietary technology as key advantages for future growth.

Jio Platforms IPO Updates Live: The grey market premium for Jio Platforms stood at around Rs 270, suggesting an indicative listing price of Rs 1,389 against the upper issue price of Rs 1,119. This implies a potential premium of nearly 24%, although the actual listing price may differ from unofficial market estimates.

Jio Platforms IPO Updates Live: Jio Platforms is seeking a valuation of Rs 10.3 lakh crore at the upper end of its IPO price band of Rs 1,065 to Rs 1,119 per share. Investors assessing the offering can weigh this valuation against the company's profitability, competitive position and plans to expand its digital services business.

Jio Platforms IPO Updates Live: Jio Platforms is exploring new revenue opportunities across home broadband, enterprise services, cloud computing and artificial intelligence as it moves beyond its major 5G network investments. The expansion of these businesses could support future growth, with their ability to attract customers and generate revenue remaining important factors for investors.

Jio Platforms IPO Updates Live: Jio Platforms secured Rs 8,110 crore from anchor investors ahead of its public issue. LIC, BlackRock and Fidelity were among the prominent institutions that participated in the allocation, alongside other domestic and international investors. The participation comes before the IPO opens for wider investor subscriptions.

Jio Platforms IPO Updates Live: Jio Platforms’ public issue opens on October 21 and closes on October 23. The company has set a price band of Rs 1,065 to Rs 1,119 per share and is seeking to raise Rs 30,213 crore.