Jio Platforms IPO Listing Close: Shares End 27% Up at ₹1,418 on Debut

Jio Platforms Ltd closed its first day on the stock exchanges with a strong gain on Wednesday, 28 October 2026. The shares ended the debut session at about ₹1,417.50 on the NSE, up ₹298.50 or 26.68% over the IPO issue price of ₹1,119, after listing at ₹1,358 — a 21.36% premium. The stock touched a day high of ₹1,423.90 during the session.

The debut makes Jio Platforms India's second-largest listed company by market value, at roughly ₹13.05 lakh crore, behind only its parent Reliance Industries. The ₹30,213 crore IPO — India's largest ever — had been subscribed 22.19 times overall, with qualified institutional buyers bidding 70.55 times their portion.

Jio Platforms listing day: key numbers

Detail	Value
IPO issue price	₹1,119 per share
Listing price (NSE & BSE)	₹1,358 (+21.36%)
Day high	₹1,423.90
Closing price (NSE)	≈ ₹1,417.50 (+26.68%)
Gain per share at close	₹298.50
Gain per lot (12 shares)	₹3,582
Market capitalisation at close	≈ ₹13.05 lakh crore
IPO size	₹30,213 crore (pure fresh issue, 27 crore shares)
Total subscription	22.19 times (QIB 70.55 times)

Closing price is the last traded price reported after the close; the official exchange closing price may differ by a few paise.

What allottees made on listing day

Investors who received allotment in the IPO made a listing-day gain of ₹298.50 per share. With a lot size of 12 shares, one allotted lot was worth ₹13,428 at the issue price and about ₹17,010 at the close — a profit of ₹3,582 per lot before charges. The IPO had drawn around 1.39 crore applications, and demand across the public issue and anchor placement crossed ₹7.4 lakh crore.

At the listing ceremony, Reliance Jio Infocomm chairman Akash Ambani said the issue was fully subscribed within about 100 minutes of opening, and that the company's platforms now serve more than 540 million customers.

GMP vs reality: grey market got the direction right

Before listing, grey market premium (GMP) trackers had indicated Jio listing around ₹1,363–1,377, roughly 22% above the issue price. The actual listing at ₹1,358 was almost exactly in that range, but the stock kept climbing through the day to close nearly 27% above the issue price — beating the pre-listing estimates. GMP is unofficial and unregulated, and it is not a forecast of the listing price.

Brokerages stay positive after the debut

Nomura, Motilal Oswal Financial Services and Elara Securities have initiated coverage on Jio Platforms with Buy ratings. Nomura noted that Jio, once the disruptor, is now the market leader, with about 42% of India's wireless subscribers, 60% of data traffic and 43% of home broadband, and estimated a 13.5% EBITDA CAGR over FY26–29. Analysts say the key things to watch next are quarterly revenue growth, EBITDA margins, ARPU and cash flows — and whether the company can sustain tariff-led growth.

What to watch next for Jio Platforms

• Q2 FY27 results on 30 October 2026 — the first quarterly numbers as a listed company, and the next big trigger for the stock.
• Index inclusion — not immediate, since derivatives on the stock must be introduced first.
• Valuation — at the closing price the stock trades at a premium to Bharti Airtel, leaving room for profit booking after the debut pop.

This article is for information only and is not investment advice or a recommendation to buy or sell any security.

Also today: EAAA closes, BLS stays strong, Paras Healthcare lists

EAAA India Alternatives' ₹1,200 crore IPO closed for bidding today, 28 October, after opening on 26 October at a price band of ₹1,585–1,665. Its allotment will be finalised on 29 October, with refunds and demat credit on 30 October and listing tentatively on 2 November on BSE and NSE. BLS Polymers' ₹255 crore IPO stayed in strong demand on Day 2 ahead of its 29 October close, with grey market trackers indicating a premium of around 30% (unofficial). Paras Healthcare also listed today at a small premium, per Moneycontrol.

IPO calendar: what happens tomorrow, 29 October

Event	IPO	Detail
Allotment	EAAA India Alternatives	Finalised 29 Oct; listing 2 Nov
Close	BLS Polymers	₹142–150 band; allotment 30 Oct, listing 3 Nov
Close	SFC Environmental Technologies	₹313–330 band; closes 29 Oct
Close	Wiscon Industries (SME)	₹194–204 band; closes 29 Oct, lists 3 Nov
Opens	Bombay Coated & Special Steels	₹78–82 band, ₹183.06 crore; anchor 28 Oct, listing 5 Nov
Lists (30 Oct)	Core4 Engineers (SME)	Allotment tonight; lists 30 Oct

FAQs

At what price did Jio Platforms shares close on listing day?

Jio Platforms shares closed at about ₹1,417.50 on the NSE on 28 October 2026, up 26.68% over the ₹1,119 IPO issue price.

At what price did Jio Platforms list?

The shares listed at ₹1,358 on both NSE and BSE, a 21.36% premium over the issue price of ₹1,119.

How much did one lot of Jio IPO make on listing day?

With a lot size of 12 shares, one allotted lot gained ₹3,582 at the close (₹298.50 per share).

What was Jio Platforms' market capitalisation after listing?

At the closing price, Jio Platforms' market capitalisation was about ₹13.05 lakh crore, making it India's second-largest listed company after Reliance Industries.

When are Jio Platforms' Q2 FY27 results?

Jio Platforms is expected to report its Q2 FY27 results on 30 October 2026, the first quarterly results since listing.

Conclusion

Jio Platforms delivered one of the strongest large-cap debuts in Indian market history, closing nearly 27% above its issue price on a day when the broader market fell. Allottees booked ₹3,582 per lot, and the company debuted as India's second-most valuable listed firm. Whether the stock holds these gains will now depend on its first listed quarterly results on 30 October and on execution of its digital growth plans. Meanwhile, IPO action continues tomorrow with EAAA's allotment, three issues closing, and Bombay Coated opening.

Related reading: Jio Platforms IPO Listing Tomorrow: GMP, Expected Price, IPO GMP Today 28 Oct: Jio Lists at 22%, BLS Leads, Bombay Coated IPO: Price Band, Dates, GMP & Review