Jio IPO allotment likely today: GMP signals 22% listing gains — Here’s how to check status

Investors who subscribed to the Jio Platforms IPO are awaiting the allotment status, which is expected to be announced today. The Rs 30,213-crore public issue received a strong response, with overall subscription reaching 22.19 times, and investors are now looking ahead to the company’s stock market debut.

The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar’s website and other online platforms. Jio Platforms shares are scheduled to list on the BSE and NSE on October 28, 2026.

Meanwhile, the IPO’s grey market premium (GMP) stands at around 22%, indicating expectations of a potential listing gain. However, the GMP is an unofficial market indicator and does not guarantee the actual listing price or returns. It can fluctuate before the shares begin trading.


The IPO, which opened on October 21 and closed on October 23, 2026, was subscribed 22.19 times overall. Qualified institutional buyers (QIBs) led the demand, subscribing 70.55 times their allotted portion. The non-institutional investor (NII) category was subscribed 14 times, while the retail investor portion received 2.72 times subscription.

The Rs 30,213-crore IPO was offered in a price band of Rs 1,065–1,119 per share. At the upper end of the price band, Jio Platforms is seeking a valuation of approximately Rs 10.3 lakh crore, placing it among India’s most valuable companies.

Ahead of the public issue, the company raised Rs 8,110 crore from anchor investors on October 19. The anchor book attracted prominent domestic and global institutional investors, including LIC, BlackRock and Fidelity.

The IPO comprises 27 crore fresh equity shares, with no offer-for-sale (OFS) component. The company plans to utilise up to Rs 27,500 crore from the net proceeds to repay or prepay borrowings of its subsidiary, Reliance Jio Infocomm.

How to check Jio IPO allotment status; GMP signals 22% listing gains: Catch all the LIVE updates here

Jio Platforms is also seeking to diversify its revenue streams beyond its capital-intensive 5G rollout. Its focus areas include home broadband, enterprise services, cloud computing and artificial intelligence (AI), which could provide additional growth opportunities.

Retail investors could apply for a minimum of 12 shares, requiring an investment of Rs 13,428 at the upper end of the price band. The shares are scheduled to list on the BSE and NSE on October 28, 2026.

Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., BOFA Securities India Ltd., Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt. Ltd., CLSA India Pvt. Ltd., DAM Capital Advisors Ltd., Goldman Sachs (India) Securities Pvt. Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt. Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Jefferies India Pvt. Ltd., JM Financial Ltd., JP Morgan India Pvt. Ltd., SBI Capital Markets Ltd., UBS Securities India Pvt. Ltd., 360 One WAM Ltd. are the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select Jio Platforms from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose Jio Platforms from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Jio Platforms from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

Jio IPO GMP Today

Jio Platforms’ shares were commanding a grey market premium (GMP) of around Rs 247 per share, or 22%, over the upper end of the IPO price band of Rs 1,119. Based on this premium, the estimated listing price works out to approximately Rs 1,366 per share, indicating a potential gain of around 22% over the issue price.

However, the GMP is an unofficial indicator of market sentiment and does not guarantee the actual listing price or investor returns. It can fluctuate significantly ahead of the stock’s market debut.

Jio IPO valuation and financial performance

At the upper price band of Rs 1,119, the valuation is below Bharti Airtel's trailing earnings multiple of about 40.7 times, although differences in profitability, return on capital and business mix remain important considerations.

Jio reported revenue from operations of Rs 1.46 lakh crore in FY26, compared with Rs 1.28 lakh crore in FY25. Its net profit increased to Rs 30,049 crore from Rs 26,109 crore, while EBITDA rose to Rs 76,255 crore from Rs 64,170 crore. Average revenue per user increased from Rs 181.7 in FY24 to Rs 214 in FY26 and Rs 215.6 in the June quarter.

Further tariff increases, premiumisation of mobile plans and growing demand for broadband services could support earnings, although management has said it intends to focus on offering more services rather than relying primarily on tariff hikes.

About Jio Platforms

Incorporated on November 15, 2019, Jio Platforms Ltd is a technology company focused on digital connectivity, digital services and technology-led solutions in India. It has developed proprietary digital technologies and pan-India connectivity infrastructure to deliver digital services to consumers and businesses. Its subsidiary, Reliance Jio Infocomm Ltd, served 533.3 million customers as of June 30, 2026.

The company operates an integrated technology platform spanning digital connectivity, consumer applications, enterprise solutions, cloud services, the Internet of Things (IoT) and artificial intelligence (AI). Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions. For enterprise customers, the company provides connectivity, cloud and security solutions, managed services, IoT applications and AI-based services. Its technology capabilities cover network infrastructure, device engineering, software, operating systems and digital applications.

As of June 30, 2026, Jio Platforms’ infrastructure included pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks. Its wireless broadband network covered more than 99% of India’s population. Jio Platforms had 27,932 full-time employees and engaged 63,795 personnel on a contractual basis. Its workforce spans digital product development, technology, business operations, sales and distribution, customer service, network operations and corporate functions.

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