{"id":315119,"date":"2026-10-19T09:47:35","date_gmt":"2026-10-19T04:17:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=315119"},"modified":"2026-10-19T09:47:35","modified_gmt":"2026-10-19T04:17:35","slug":"jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/","title":{"rendered":"Jio IPO GMP Today: Reliance-Backed Rs 30,213 Crore Issue and Listing Gains"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Searches for Jio IPO GMP today come on anchor day, 19 Oct 2026, with the issue opening on 21 Oct and closing on 23 Oct. It is a Rs 30,213 crore fresh issue of 27 crore shares at Rs 1,065 to Rs 1,119, with a lot of 12 shares (Rs 13,428 at the upper band) and a tentative listing on 28 Oct. At the upper band the post-issue P\/E is about 33.2x (my calculation from reported EPS). This article gives no unofficial price figures.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Jio IPO GMP question is really a question about listing gains, and the facts that matter are the price band of Rs 1,065 to Rs 1,119, a lot size of 12 shares and a fresh issue of Rs 30,213 crore with no offer for sale. Anchor bidding is on 19 October, the issue opens on 21 October and closes on 23 October, allotment is on 26 October and the tentative listing date is 28 October. At the upper band the implied post-issue market capitalisation is about Rs 10.3 lakh crore and the P\/E is about 33.2x, with FY26 profit after tax of Rs 30,052.7 crore. About Rs 27,500 crore of the proceeds is meant to prepay borrowings of its subsidiary RJIL, so the Jio IPO GMP debate should be weighed against valuation and subscription.<\/p>\n<\/p><\/div>\n<p>Investors who search for the Jio IPO GMP usually want to know what the shares might do on listing day. Unofficial indicators are not a reliable basis, so this guide uses the issue terms, valuation, financials and subscription mechanics that are disclosed in the prospectus.<\/p>\n<p>This guide covers, beyond Jio IPO GMP, the issue details, key dates, lot size and quotas, financials and valuation, what drives listing gains and the risks. It is educational and not a recommendation to apply for or avoid the issue.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Jio_IPO_GMP_Today_Issue_Details_You_Can_Verify\" title=\"Jio IPO GMP Today: Issue Details You Can Verify\">Jio IPO GMP Today: Issue Details You Can Verify<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Key_Dates_to_Know_Alongside_the_Jio_IPO_GMP_Search\" title=\"Key Dates to Know Alongside the Jio IPO GMP Search\">Key Dates to Know Alongside the Jio IPO GMP Search<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Lot_Size_Investment_Limits_and_Quotas_Behind_the_Jio_IPO_GMP_Question\" title=\"Lot Size, Investment Limits and Quotas Behind the Jio IPO GMP Question\">Lot Size, Investment Limits and Quotas Behind the Jio IPO GMP Question<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Financials_and_Valuation_Behind_the_Jio_IPO_GMP_Debate\" title=\"Financials and Valuation Behind the Jio IPO GMP Debate\">Financials and Valuation Behind the Jio IPO GMP Debate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Grey_Market_Premium_and_the_Jio_IPO_GMP_Question\" title=\"Grey Market Premium and the Jio IPO GMP Question\">Grey Market Premium and the Jio IPO GMP Question<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_Drives_Listing_Gains_Beyond_Jio_IPO_GMP\" title=\"What Drives Listing Gains Beyond Jio IPO GMP\">What Drives Listing Gains Beyond Jio IPO GMP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#How_to_Apply_Instead_of_Tracking_Jio_IPO_GMP\" title=\"How to Apply Instead of Tracking Jio IPO GMP\">How to Apply Instead of Tracking Jio IPO GMP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_to_Watch_Next\" title=\"What to Watch Next\">What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_is_the_price_band_and_lot_size_behind_the_Jio_IPO_GMP_searches\" title=\"What is the price band and lot size behind the Jio IPO GMP searches?\">What is the price band and lot size behind the Jio IPO GMP searches?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_are_the_key_dates_to_track_instead_of_Jio_IPO_GMP\" title=\"What are the key dates to track instead of Jio IPO GMP?\">What are the key dates to track instead of Jio IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_is_the_grey_market_premium_for_the_Jio_IPO\" title=\"What is the grey market premium for the Jio IPO?\">What is the grey market premium for the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Is_the_issue_behind_Jio_IPO_GMP_a_fresh_issue_or_an_offer_for_sale\" title=\"Is the issue behind Jio IPO GMP a fresh issue or an offer for sale?\">Is the issue behind Jio IPO GMP a fresh issue or an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#What_is_the_valuation_of_the_Jio_IPO\" title=\"What is the valuation of the Jio IPO?\">What is the valuation of the Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Who_can_apply_under_the_Reliance_shareholder_quota\" title=\"Who can apply under the Reliance shareholder quota?\">Who can apply under the Reliance shareholder quota?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Do_listing_gains_follow_Jio_IPO_GMP_for_a_large_issue\" title=\"Do listing gains follow Jio IPO GMP for a large issue?\">Do listing gains follow Jio IPO GMP for a large issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jio-platforms-reliance-backed-rs-30213-crore-issue-listing-gains-price-band-lot-size-dates\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_GMP_Today_Issue_Details_You_Can_Verify\"><\/span><strong>Jio IPO GMP Today: Issue Details You Can Verify<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 30,213 crore; all fresh issue of 27 crore equity shares, no offer for sale<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119 per share; face value Rs 10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lot size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 shares; minimum retail investment Rs 13,428 at the upper band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Implied market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 10.3 lakh crore post-issue at the upper band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing on<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE and BSE<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book running lead manager<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kotak Mahindra Capital Company<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">KFin Technologies<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries, holding 66.43% before and 64.48% after the issue<\/td>\n<\/tr>\n<\/table>\n<p>It would be India&#8217;s largest IPO by issue size, ahead of Hyundai Motor India&#8217;s Rs 27,870 crore in 2024. A fresh issue means all the money goes to the company and not to selling shareholders, which is a point in its favour on structure and matters more to long-term holders than Jio IPO GMP.<\/p>\n<p style=\"margin-top:24px;\"><strong>Compare large cap stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Dates_to_Know_Alongside_the_Jio_IPO_GMP_Search\"><\/span><strong>Key Dates to Know Alongside the Jio IPO GMP Search<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Event<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bidding by anchor investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Monday 19 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue opens<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wednesday 21 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue closes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Friday 23 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Basis of allotment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Monday 26 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Refunds and credit to demat<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tuesday 27 October 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wednesday 28 October 2026 (tentative)<\/td>\n<\/tr>\n<\/table>\n<p>Indian markets are closed on Tuesday 20 October for Dussehra, so the first trading day after anchor day is the issue opening on 21 October. The listing date is tentative, so confirm it with the exchanges after allotment. Chatter about Jio IPO GMP will likely build in this gap, but the dates and terms are what you can verify.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lot_Size_Investment_Limits_and_Quotas_Behind_the_Jio_IPO_GMP_Question\"><\/span><strong>Lot Size, Investment Limits and Quotas Behind the Jio IPO GMP Question<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Category<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Lots and shares<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Amount at Rs 1,119<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail minimum<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 lot, 12 shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,428<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail maximum<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14 lots, 168 shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,87,992<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small HNI minimum<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15 lots, 180 shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,01,420<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small HNI maximum<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">74 lots, 888 shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 9,93,672<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Big HNI minimum<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">75 lots, 900 shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,07,100<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Quota<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Share of the issue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Qualified institutional buyers (QIB)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not more than 50%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor investors bid on 19 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Non-institutional investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 15%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small and big HNI split<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 35%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids up to Rs 2 lakh<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries shareholders<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 2,500 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Must have held at least one share on or before 14 October, the red herring prospectus date<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Employees<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 500 crore reported<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Discount of Rs 54 a share reported<\/td>\n<\/tr>\n<\/table>\n<p>One report calls the shareholder portion about 12% of the issue, but Rs 2,500 crore is about 8.3% of Rs 30,213 crore (my calculation), so I have used the rupee figure. Bloomberg described the employee discount as 5%, which is about Rs 53 to Rs 56 on the price band, so the reported Rs 54 is consistent. Confirm both in the prospectus, since neither detail depends on Jio IPO GMP.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track Reliance Industries and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financials_and_Valuation_Behind_the_Jio_IPO_GMP_Debate\"><\/span><strong>Financials and Valuation Behind the Jio IPO GMP Debate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric (restated consolidated)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY25<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,49,759.1 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,29,333.0 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 76,255.4 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 64,170.0 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30,052.7 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 26,120.3 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">51.91%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">49.6% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net worth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,34,013.4 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,04,022.4 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total borrowing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 70,781.0 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 73,060.3 crore<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Valuation at the upper band (not Jio IPO GMP)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Pre-issue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Post-issue<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 33.62<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 33.72<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.28x<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.19x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,00,277.6 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10,30,490.6 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2.9x<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<\/table>\n<p>Revenue grew about 16% and profit about 15% between FY25 and FY26. Borrowings were Rs 61,372 crore at 30 June 2026, down from Rs 70,781 crore at March, and about Rs 27,500 crore of the proceeds (about 91% of the issue by my calculation) is meant to prepay RJIL debt, so the issue mainly strengthens the balance sheet, which is a better guide than Jio IPO GMP. Jio IPO GMP says nothing about these numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_and_the_Jio_IPO_GMP_Question\"><\/span><strong>Grey Market Premium and the Jio IPO GMP Question<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Drives_Listing_Gains_Beyond_Jio_IPO_GMP\"><\/span><strong>What Drives Listing Gains Beyond Jio IPO GMP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Factor beyond Jio IPO GMP<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What to track<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription across categories<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Strong institutional and retail demand supports the first day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day-wise subscription data on 21, 22 and 23 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A P\/E near 33x leaves less room than a lower entry valuation would<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Peer multiples and growth<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A very large float can absorb demand and limit a sharp jump<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Free float after listing<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market mood<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The Nifty rose about 2.8% last week, but FIIs have sold for nine weeks<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FII and DII flows<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Liquidity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Analysts expect the issue to draw funds from other stocks<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Index and fund flows<\/td>\n<\/tr>\n<\/table>\n<p>Bloomberg reported bids above $20 billion, with Fidelity, Allianz and Capital Group among those named, but that demand is not a promise of a listing gain, whatever Jio IPO GMP says. A large, well-known issue can list at a modest gain or even below the offer price if the market is weak.<\/p>\n<p><strong>Risk:<\/strong> Applying only for a listing gain or for Jio IPO GMP turns a long-term company into a short-term trade, and the result depends on market conditions on 28 October.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_Instead_of_Tracking_Jio_IPO_GMP\"><\/span><strong>How to Apply Instead of Tracking Jio IPO GMP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Check eligibility for the retail, shareholder or employee category before bidding<\/li>\n<li>Use the pre-apply feature if your broker offers it; the order is placed on 21 October and a UPI mandate is generated<\/li>\n<li>Approve the UPI mandate so funds are blocked only after you accept it<\/li>\n<li>Bid at the cut-off price if you want to be eligible at any price within the band<\/li>\n<li>Do not set your bid from Jio IPO GMP; use the price band and the cut-off option<\/li>\n<li>Keep your demat account details and PAN linked and correct<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next\"><\/span><strong>What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The anchor allotment on 19 October and the names that participate<\/li>\n<li>Day-wise subscription from 21 to 23 October<\/li>\n<li>The basis of allotment on 26 October<\/li>\n<li>The final listing date and first day trading on 28 October<\/li>\n<li>Market conditions: crude oil near $108 to $110, FII flows and the rupee<\/li>\n<li>Jio IPO GMP chatter against actual day-wise subscription data<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jio IPO GMP question is best answered with the price band, valuation, subscription and market mood, and not with unofficial numbers; treat Jio IPO GMP as noise. The issue is large, fresh and Reliance-backed, but a P\/E near 33x and weak foreign flows are real risks, so read the prospectus and decide on your own risk comfort.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_and_lot_size_behind_the_Jio_IPO_GMP_searches\"><\/span><strong>What is the price band and lot size behind the Jio IPO GMP searches?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price band is Rs 1,065 to Rs 1,119 per share and the lot size is 12 shares, so the minimum retail investment is Rs 13,428 at the upper band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_dates_to_track_instead_of_Jio_IPO_GMP\"><\/span><strong>What are the key dates to track instead of Jio IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Anchor bidding on 19 October, opening on 21 October, closing on 23 October, allotment on 26 October and a tentative listing on 28 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_grey_market_premium_for_the_Jio_IPO\"><\/span><strong>What is the grey market premium for the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_issue_behind_Jio_IPO_GMP_a_fresh_issue_or_an_offer_for_sale\"><\/span><strong>Is the issue behind Jio IPO GMP a fresh issue or an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is entirely a fresh issue of 27 crore shares with no offer for sale. About Rs 27,500 crore is meant to prepay borrowings of RJIL.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_the_Jio_IPO\"><\/span><strong>What is the valuation of the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At the upper band the post-issue market capitalisation is about Rs 10.3 lakh crore and the P\/E is about 33.2x on FY26 earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_can_apply_under_the_Reliance_shareholder_quota\"><\/span><strong>Who can apply under the Reliance shareholder quota?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Individuals and HUFs who held at least one Reliance Industries share on or before 14 October. Buying shares now does not qualify.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_listing_gains_follow_Jio_IPO_GMP_for_a_large_issue\"><\/span><strong>Do listing gains follow Jio IPO GMP for a large issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No fixed link exists. They depend on subscription, valuation, market mood and liquidity on listing day, and a large issue does not guarantee a gain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the price band and lot size behind the Jio IPO GMP searches?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The price band is Rs 1,065 to Rs 1,119 per share and the lot size is 12 shares, so the minimum retail investment is Rs 13,428 at the upper band.\"}},{\"@type\":\"Question\",\"name\":\"What are the key dates to track instead of Jio IPO GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Anchor bidding on 19 October, opening on 21 October, closing on 23 October, allotment on 26 October and a tentative listing on 28 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the grey market premium for the Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. 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They depend on subscription, valuation, market mood and liquidity on listing day, and a large issue does not guarantee a gain.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jio IPO GMP today: the Rs 30,213 crore issue, price band, lot size, dates, valuation and what drives listing gains, without unofficial figures.<\/p>\n","protected":false},"author":29,"featured_media":315116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[7748,13022,8565,1383,8353,5351,613],"class_list":["post-315119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo-listing-date","tag-ipo-lot-size","tag-ipo-price-band","tag-jio-ipo","tag-jio-platforms","tag-mainboard-ipo","tag-reliance-jio"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["315116"],"rank_math_title":["Jio IPO GMP Today: Price Band, Dates and Listing Gain Factors"],"rank_math_description":["Jio IPO GMP today: see the Rs 30,213 crore issue, price band of Rs 1,065 to Rs 1,119, lot size, dates, valuation, financials and what drives listing gains."],"rank_math_focus_keyword":["Jio IPO GMP"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jio-ipo-gmp-today-reliance-backed-rs-30-213-crore-issue-and-listing-gains.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/315119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=315119"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/315119\/revisions"}],"predecessor-version":[{"id":315120,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/315119\/revisions\/315120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/315116"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=315119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=315119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=315119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}