Jio Platforms IPO draws record demand, listing set for October 28
The Jio Platforms public offering, backed by Reliance Industries, drew record demand. Its NSE and BSE listing is tentatively scheduled for October 28, 2026.
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what happened
Jio Platforms' initial public offering closed on Friday with very strong demand. According to Details, the issue was fully subscribed within 100 minutes of bidding opening, and total subscription reached 22.19 times on day three.
Qualified institutional buyers subscribed 70.55 times, the non-institutional category 14 times and the retail segment 2.72 times. The price band was set at Rs 1,065 to Rs 1,119 per share, the lot size is 12 shares and the minimum retail investment is Rs 13,428.
why it matters
According to media reports, the grey market premium stood at Rs 248 per share at 5 pm on Saturday. At the upper end of the band, that points to an estimated Rs 1,367 per share and about a 22.16% gain over the issue price. These figures are unofficial and do not guarantee the opening price. Listing is tentatively set for October 28, 2026 on NSE and BSE, with trading starting at 10 am after a pre-open session from 9 am to 9:45 am. An offering of this size matters for sentiment around Reliance Industries and the Indian market as a whole.
market impact
Indian market: record demand and a large listing can shift sentiment on Reliance Industries
tags
instruments
sources
- Reliance Jio Platforms IPO GMP, listing date and time, share price prediction for NSE, BSE debut — Details, 24 October 2026 at 20:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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