Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium

Jio Platforms is scheduled to list on the BSE and NSE on October 28, 2026 after its Rs 30,213 crore IPO was priced at Rs 1,065 to Rs 1,119 per share and received 22.19 times subscription. At the upper price band, the issue values the company at about Rs 10.3 lakh crore; an unofficial grey market premium of about Rs 246 per share implies an estimated listing price of Rs 1,365. The company plans to use up to Rs 27,500 crore of proceeds to repay Reliance Jio Infocomm borrowings, while FY26 revenue was Rs 1.46 lakh crore and net profit was Rs 30,049 crore.