Jio Platforms IPO
Grey Market Premium (GMP)
Last updated: 10 Oct 2026, 6:30 am IST
GMP trend over the last 405 readings: rising, from ₹0 to ₹173 (range ₹0 to ₹200).
GMP is an unofficial figure from grey market dealers and is not a guarantee of listing price.
Subscription Status
Subscription data appears once bidding opens.
IPO Details
- Open Date
- —
- Close Date
- —
- Listing Date
- —
- Face Value
- ₹10
- Fresh Issue
- ₹0 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE, BSE
- Registrar
- KFin Technologies (KFintech)
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 1,10,175.4 | 21,434 | 54,958.7 | 2,77,866.1 | 5,39,580.4 | 54,348.9 | — |
| FY 2025 | 1,29,333 | 26,120.3 | 64,170 | 3,04,022.4 | 5,81,233.8 | 73,060.3 | 33.62 |
| FY 2026 | 1,49,759.1 | 30,052.7 | 76,255.4 | 3,34,013.4 | 6,15,594 | 70,781 | — |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- RoNW
- 9.42%
- RoCE
- 10.76%
- EPS (pre-issue)
- ₹33.62
- EPS (post-issue)
- ₹32.63
- EBITDA Margin
- 51.91%
- PAT Margin
- 20.46%
- NAV / share
- ₹373.66
As of 31 Mar 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | ₹27,500 Cr |
| General corporate purposes. | Not disclosed |
Net-proceeds utilisation as disclosed in the offer document.
Promoters & Shareholding
Promoters: Reliance Industries Ltd.
- Holding (pre-issue)
- 66.43%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Jio Platforms | 33.63 | 373.66 | — | 9.42% | Consolidated |
| Bharti Airtel | 45.96 | 244.6 | 42.27x | 20.32% | Consolidated |
| Vodafone Idea | 3.21 | 3.3 | 4.65x | — | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
- Kotak Mahindra Capital Co.Ltd.
- UBS Securities India Pvt.Ltd.
- ICICI Securities Ltd.
- JM Financial Ltd.
- JP Morgan India Pvt.Ltd.
- SBI Capital Markets Ltd.
- BOFA Securities India Ltd.
- Citigroup Global Markets India Pvt.Ltd.
- Dam Capital Advisors Ltd.
- Morgan Stanley India Co.Pvt.Ltd.
- HSBC Securities & Capital Markets (India) Pvt.Ltd.
- IIFL Capital Services Ltd.
- Goldman Sachs (India) Securities Pvt.Ltd.
- HDFC Bank Ltd.
- Jefferies India Pvt.Ltd.
- Axis Capital Ltd.
- BNP Paribas
- CLSA India Pvt.Ltd.
- 360 One WAM Ltd.
Tap a lead manager to see every IPO it has run and how those listings fared.
About the Jio Platforms IPO
The Jio Platforms mainboard IPO is expected to open shortly, offered at a price band yet to be finalised, and is set to list on NSE and BSE.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, namely, rjil (₹27,500 crore), alongside general corporate purposes..
Financials
In FY2026, Jio Platforms reported revenue of ₹1,49,759.1 crore and a net profit of ₹30,052.7 crore. Revenue grew from ₹1,10,175.4 crore in FY2024 to ₹1,49,759.1 crore in FY2026 (+36.0%). Net worth stood at ₹3,34,013.4 crore at the end of FY2026.
Peer comparison
The offer document names listed peers including Bharti Airtel and Vodafone Idea, with a median peer P/E of about 23.5×.
Promoters
The promoters of the company are Reliance Industries Ltd.. Promoter holding is 66.43% before the issue.
Grey market premium (GMP)
In the unofficial grey market, Jio Platforms shares are quoted at a premium of ₹173. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
What to weigh
When evaluating the Jio Platforms IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Jio Platforms
Jio Platforms (Jio Platforms Ltd.) is a telecom - cellular & fixed line services company. It filed its draft red herring prospectus (DRHP) with SEBI on 19-Jun-2026. The proposed IPO (fresh capital only) is expected to list on BSE and NSE. IPO dates, price band and lot size have not been announced yet — this page updates automatically once they are.
Jio Platforms — Contact Details
- Registered office
- Office - 101, Saffron,, Nr. Centre Point, Panchwati 5 Rasta,, Ambawadi, Ahmedabad, Gujarat, 380006
- Phone
- +91 22 7967 0000
- Website
- www.jio.com/
- Registrar (IPO queries)
- jioplatforms.ipo@kfintech.com
Frequently asked questions
- What is the Jio Platforms IPO GMP today?
- The latest grey market premium for the Jio Platforms IPO is ₹173. GMP is an unofficial figure and not a guarantee of the listing price.
- Who are the promoters of Jio Platforms and what is their holding?
- The promoters are Reliance Industries Ltd.. Promoter holding is 66.43% before the issue.
- What are the objects of the Jio Platforms IPO?
- The net proceeds go primarily toward prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, namely, rjil, among 2 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Jio Platforms IPO?
- The book-running lead managers are Kotak Mahindra Capital Co.Ltd., UBS Securities India Pvt.Ltd., ICICI Securities Ltd. and 16 others. KFin Technologies (KFintech) is the registrar to the issue.
- Is Jio Platforms a Mainboard or SME IPO?
- Jio Platforms is a Mainboard IPO, listing on NSE and BSE.