Jio Platforms shares set to debut today after IPO draws ₹7.4 lakh crore in demand
According to TradingView, the Jio Platforms offering drew bids 22.19 times its size, and the shares start trading on NSE and BSE on Wednesday, October 28.
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what happened
Shares of Jio Platforms Ltd., India's largest IPO by issue size, are due to begin trading on Wednesday, October 28, TradingView reports. The offering was subscribed 22.19 times, with bids for more than 438 crore shares against roughly 19.75 crore shares on offer.
Qualified institutional buyers bid 70.55 times their reserved portion, the non-institutional category was subscribed 14 times, and the retail portion drew bids for 2.72 times its allocation. The final price was set at ₹1,119 per share, the top of the ₹1,065–1,119 band, implying a market capitalisation of about ₹10.3 lakh crore.
Nomura initiated coverage with a 'Buy' rating and a target price of ₹1,340.
why it matters
An offering of this size signals strong appetite for large Indian stocks and sets a benchmark for future IPOs in the country. The grey market pointed to a premium of about ₹248 over the issue price, but such indicators are speculative and do not guarantee performance after listing.
market impact
Indian stock market: the record IPO sets the tone for new listings and for Jio Platforms' debut trading
tags
instruments
sources
- Jio Platforms shares to debut today after IPO fetches ₹7.4 lakh crore demand — TradingView, 28 October 2026 at 01:39 UTC
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