Jio Platforms Share Price: Stock Lists at ₹1,358.00 With a 21.36% Premium on NSE

On October 28, 2026, Jio Platforms Limited shares made their market debut on the stock exchanges. 

The stock listed at ₹1,358.00 on the National Stock Exchange (NSE), reflecting a 21.36% premium over its IPO upper issue price of ₹1,119.00 per share. 

While on BSE it listed at ₹1,358.00 with a 21.36% premium over its IPO upper issue price of ₹1,119.00 per share. 

Jio Platforms IPO Overview 

Reliance’s Jio Platforms IPO is a book build issue of ₹30,213 crore. The issue is a pure fresh issue of 27.00 crore shares aggregating to ₹30,213.00 crore. 

The bidding opened for subscription on October 21, 2026, and closed on October 23, 2026. The allotment is expected to be finalised on October 26, 2026, with a tentative listing date fixed as October 28, 2026, on the NSE and BSE. 

The final issue price is set at ₹1,119 per share, with a minimum lot size of 12 shares requiring a retail investment of ₹13,428. Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and BOFA Securities India Limited are the book running lead managers and Kfin Technologies Limited is the registrar. 

Jio Platforms IPO subscribed 22.19 times. 

Business Overview of Jio Platforms 

Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. 

The company has developed proprietary digital technology and pan-India connectivity infrastructure to support the delivery of digital services to consumers and businesses. 

Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026.The company operates through an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI). 

Financial Overview of Jio Platforms 

For the period ended June 30, 2026, Jio Platforms reported a total income of ₹40,197.90 crore and a profit after tax of ₹7,764.10 crore. 

This compares with a total income of ₹1,49,759.10 crore and a profit after tax of ₹30,052.70 crore for the financial year ended March 31, 2026. 

Total assets stood at ₹622,905.30 crore, with a net worth of ₹341,778.50 crore and an EBITDA of ₹20,864.50 crore as of June 30, 2026. 

Objective of Jio Platforms IPO 

The net proceeds from the initial public offering are proposed to be utilised towards re-payment or pre-payment of certain borrowings, amounting to ₹27,500.00 crore. 

Additionally, ₹469.70 crore will be used for issue Expenses. 

A further ₹2,217.90 crore will be earmarked for general corporate purposes. 

Read More:Upcoming IPOs This Week (October 26 - October 30, 2026) in India: EAAA India Alternatives, BLS Polymers and Others! 

Jio Platforms Share Price Performance 

As of October 28, 2026, at 10:02 AM, Jio Platforms share price on NSE was trading at ₹1,358.00, up by 21.36% from the IPO upper issue price of ₹1,119. 

Conclusion 

Jio Platforms equity shares opened at ₹1,358.00 on the NSE, a 21.36% premium over the IPO issue price of ₹1,119.00, driven by strong market demand during its debut session. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.