Jio Platforms finalises IPO allotment, shares to list on October 28
Jio Platforms has finalised its IPO allotment, with NSE and BSE listing set for October 28. Moody's reports the issue was subscribed 22.19 times overall.
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what happened
According to Moody's, the allotment of shares in the Jio Platforms IPO, which belongs to Reliance, has now been finalised. The process was scheduled to conclude on October 26. Investors can check their application status on the websites of KFin Technologies, NSE and BSE. Successful applicants should receive shares in their demat accounts on October 27, and those who got no shares will get their blocked funds released the same day. Trading on NSE and BSE is scheduled for Wednesday, October 28.
The offering was worth Rs 30,213 crore, priced between Rs 1,065 and Rs 1,119 per share. Overall subscription reached 22.19 times, with the QIB segment at 70.55 times, NII at 14 times and the retail portion at 2.72 times. The issue was a fresh share sale only, with no offer-for-sale component. The company plans to use up to Rs 27,500 crore to repay borrowings of its subsidiary Reliance Jio Infocomm Ltd.
The unofficial grey market premium currently stands at Rs 245 over the upper end of the price band. The source stresses that GMP is not a guarantee of the actual listing price.
why it matters
For India's market this is a notable event. A large offering with heavy demand shows strong investor appetite for big telecom and technology listings. The stock's real performance will be set by exchange trading rather than the grey market. Proceeds earmarked for repaying the subsidiary's debt also matter for how investors assess the Reliance group's leverage.
market impact
Reliance shares and NSE index: a strong Jio debut could set the tone for demand for large Indian IPOs
tags
instruments
sources
- Jio Platforms IPO allotment status finalised! Did you get shares - check from direct Kfin tech, NSE website links — Moody's, 27 October 2026 at 04:08 UTC
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