Jio Platforms shares debut on NSE and BSE after Rs 30,213 crore IPO
Reliance's Jio Platforms begins trading on NSE and BSE today after a Rs 30,213 crore IPO that was subscribed 22 times, Mint reports.
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what happened
Jio Platforms, the Reliance-owned company, starts trading on the National Stock Exchange and the BSE today. According to Mint, the Rs 30,213 crore offering ran from October 21 to October 23 and was subscribed 22.19 times overall. Qualified institutional buyers led demand, with their portion covered 70.55 times. The price band was Rs 1,065 to Rs 1,119 per share.
A pre-open session from 9:00 am to 10:00 am will set the opening price by matching buy and sell orders. Grey market premium, tracked by IPO websites, stood at Rs 248 per share. That figure is unofficial and not an exchange price, so the actual listing price may differ considerably from it.
why it matters
The offering, worth roughly $3.4 billion, is one of the largest IPOs of the year in India and a test of investor appetite for new listings. Proceeds will repay borrowings of subsidiary Reliance Jio Infocomm, which eases the group's debt burden. For Indian equities, a deal of this size adds a major new stock in telecoms and digital services.
market impact
Indian equities: a large new listing adds supply of shares and may affect liquidity in the telecom and digital sector.
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sources
- Jio Platforms IPO listing today: Check exact time of shares trading; expected debut stock price at NSE, BSE — Moody's, 28 October 2026 at 07:53 UTC
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