Jio Platforms IPO
BSE/NSE · Mainboard
Price Band
₹1065 - ₹1119
Lot Size
12 shares
Min ₹13,428
Issue Size
₹30,213 Cr
GMP (Grey Market)
₹243
21.7% premium
Important Dates
Open Date
21 Oct 2026
Close Date
23 Oct 2026
Allotment
26 Oct 2026
Listing
28 Oct 2026
GMP History
| Date | GMP (₹) | GMP (%) |
|---|---|---|
| 5 Oct 2026 | ₹159 | — |
| 6 Oct 2026 | ₹160 | — |
| 7 Oct 2026 | ₹180 | — |
| 8 Oct 2026 | ₹158 | — |
| 9 Oct 2026 | ₹177 | — |
| 10 Oct 2026 | ₹172 | — |
| 11 Oct 2026 | ₹168 | — |
| 12 Oct 2026 | ₹181 | — |
| 13 Oct 2026 | ₹202 | — |
| 14 Oct 2026 | ₹200 | — |
| 15 Oct 2026 | ₹227 | 20.3% |
| 16 Oct 2026 | ₹223 | 19.9% |
| 17 Oct 2026 | ₹224 | 20.0% |
| 18 Oct 2026 | ₹250 | 22.3% |
| 19 Oct 2026 | ₹257 | 23.0% |
| 20 Oct 2026 | ₹260 | 23.2% |
| 21 Oct 2026 | ₹254 | 22.7% |
| 22 Oct 2026 | ₹243 | 21.7% |
Financial Performance
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 1,09,558.1 | 1,28,218.4 | 1,46,885.3 |
| Profit (₹ Cr) | 21,423.2 | 26,109 | 30,049.1 |
| Total Assets (₹ Cr) | 5,39,580.4 | 5,81,233.8 | 6,15,594 |
As disclosed by Jio Platforms in its offer document.
Strengths and risks
Taken from Jio Platforms's own offer document — not Arthneeti's assessment.
- ✓The company is India's largest digital connectivity player, a position solidified by strong customer growth, with its total customer base expanding from 481.8 million in FY24 to 524.4 million in FY26.
- !The company operates in a highly regulated telecommunications sector, facing risks from evolving policies. A key example is a demand notice from the DoT for an additional 0.50% Spectrum Usage Charge (SUC) on shared spectrum, creating a disputed liability of approximately ₹1,389.1 Crores.
- ✓As the only digital connectivity provider globally with an end-to-end 5G technology stack, the company has built a significant intellectual property portfolio, with 6,817 patent applications filed as of March 31, 2026, reducing vendor dependency and creating structural cost advantages.
- !The company has incurred significant indebtedness, with total borrowings standing at ₹70,781.0 Crores as of March 31, 2026. These debt agreements contain restrictive covenants, such as limitations on mergers and dividend payments in case of default, which could limit operational and financial flexibility.
11 more points from Jio Platforms's offer document
About Jio Platforms
Jio Platforms Limited is a technology platform, built on proprietary digital technology and pan-India digital connectivity as its foundational layer, purpose-built to drive the digital transformation in India by democratising access to digital connectivity and digital services. Its subsidiary, Reliance Jio Infocomm Limited (“RJIL”), served 524.4 million customers as of March 31, 2026. The company offers a combination of mobile and fixed broadband, along with digital services across entertainment, cloud, and AI, positioning itself as a comprehensive digital gateway for Indian consumers and businesses.
Go deeper on Jio Platforms
See Arthneeti's AI earnings-call analysis, quarterly financials and quarter rank for Jio Platforms.
GMP data is indicative and sourced from grey market. Subscription data is from exchange filings. This is not investment advice. Please consult a SEBI-registered advisor before investing.