Jio IPO GMP Today at ₹245: Check Estimated Listing Price and Subscription Status

Jio Platforms IPO continued to attract strong investor interest on October 23, 2026, the final day of bidding, with the issue subscribed 7.01 times by 12:12 PM. Qualified institutional buyers (QIBs) led the demand, subscribing to their allotted portion 14.62 times, while the grey market premium (GMP) stood at ₹245 per share. At the upper price band of ₹1,119, the reported GMP indicates an estimated listing price of ₹1,364, although the actual listing price may differ.

Jio Platforms IPO Subscription Status on Day 3

According to the subscription figures provided from BSE and NSE data, the Jio Platforms IPO subscription reached 7.01 times by 12:12 PM on October 23. The issue had recorded 5.40 times subscription by the end of Day 2 and 3.04 times on the first day.
Institutional investors remained the biggest contributors to demand. The QIB category was subscribed 14.62 times, while the non-institutional investor (NII) portion reached 9.63 times. Within the NII category, large investors recorded 11.04 times subscription, compared with 6.81 times for small NIIs.
Retail investor participation also improved, with the reserved portion subscribed 2.09 times. The employee category reached 2.49 times, while the shareholder portion was subscribed 5.75 times as of the reported time.
These figures reflect strong demand across investor categories, but the final subscription numbers may change before bidding closes.

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Jio IPO GMP Today: ₹245 Premium, Listing Price Estimate

The reported grey market premium for Jio Platforms stood at ₹245 per share on October 23. With the upper issue price set at ₹1,119 in the supplied data, the indicative listing price works out to ₹1,364 per share.
The implied premium is approximately 21.89% of the upper price band. For a 12-share lot, the estimated gross gain would be ₹2,940 if the shares list at the indicative price. This calculation does not include applicable charges or taxes.

Jio Platforms IPO GMP Details

Jio IPO GMP Trend: October 4 to October 23

The reported GMP climbed from ₹148 on October 4 to ₹273 on October 20 before easing over the following two days. It recovered slightly to ₹245 on October 23.
Although the premium remains above its early-October level, the latest movement suggests that grey market expectations have fluctuated during the bidding period.

Jio IPO GMP History

Jio IPO Estimated Profit Per Lot at Different GMP Levels

The following calculations illustrate how the estimated gross gain for a 12-share lot would change at different reported GMP levels, assuming the upper price band remains ₹1,119.

Jio IPO Retail Investment Calculation

Using the ₹1,119 upper price band and the 12-share lot size assumed in the supplied data, the investment amount for different lot quantities would be as follows.

What Does the Jio IPO Subscription Trend Show?

The overall subscription multiple increased from 3.04 times on Day 1 to 5.40 times on Day 2 and 7.01 times by 12:12 PM on Day 3. This represents a rise of 3.97 subscription-multiple points between the first day’s close and the reported Day 3 figure.
Institutional demand remained the strongest, while NII and retail participation also increased. The figures suggest that interest extended beyond a single investor category, although subscription multiples alone do not establish whether an IPO is attractively valued.

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Jio IPO: What Happens Next?

The issue is scheduled to close on October 23, 2026. Investors should check the final subscription figures, official allotment announcement and listing schedule through the relevant exchange disclosures and IPO documents.
The final subscription data will show the demand recorded by the close of bidding. The actual listing price will be determined by market conditions and buying and selling interest when trading starts.
Investors should also distinguish between exchange-reported subscription figures and third-party GMP estimates. Subscription data measures bids against shares available in each category, whereas GMP reflects unofficial market expectations. Neither guarantees a listing gain.

Jio IPO GMP Today at ₹245

The grey market premium for Jio Platforms was reported at ₹245 per share on October 23. Based on the upper issue price of ₹1,119, this points to an indicative listing price of ₹1,364 per share.
The implied premium is approximately 21.89% over the upper price band. For investors applying for a 12-share lot, the estimated gain at this premium would be ₹2,940, assuming the indicative listing price is achieved.
However, GMP is an unofficial market indicator, not a guarantee of listing performance. It can change quickly in response to market sentiment, demand and other factors. Investors should not make an investment decision based on GMP alone.

Jio IPO GMP Trend: Premium Below October Peak

The reported GMP has risen considerably from ₹148 on October 4 to ₹273 on October 20. It subsequently eased to ₹246 on October 21 and ₹240 on October 22 before recovering to ₹245 on October 23.
The movement suggests that grey market expectations remain positive, although the recent fluctuations show that sentiment is not constant. A high GMP does not necessarily translate into an equivalent listing gain.

Which Investor Category Is Leading the Jio IPO?

QIBs are leading the Jio Platforms IPO subscription, with demand reaching 14.62 times the shares reserved for the category. Strong institutional participation is one of the key developments in the latest subscription figures.
The NII category is also seeing substantial demand at 9.63 times, supported by the large NII segment. Retail subscription has crossed two times, indicating that bids have exceeded the shares reserved for retail investors.
Employee and shareholder participation has also increased compared with the first two days. The final subscription figures will provide a clearer picture of total demand once the issue closes.

What Happens After the Jio Platforms IPO Closes?

The Jio Platforms IPO is scheduled to close on October 23, 2026. Investors should watch for the final subscription figures, the official allotment announcement and the listing schedule.
The final subscription multiple will depend on the bids received by the closing time. The actual listing price will be determined by market demand and trading conditions when the shares begin trading.
Investors should check official exchange announcements and the company’s IPO-related disclosures for confirmed updates rather than relying solely on unofficial market estimates.

Should Investors Rely on Jio IPO GMP?

The latest subscription figures indicate strong demand, particularly from institutional investors, while the reported GMP points to positive grey market expectations. However, these indicators measure different things.
Subscription data shows how demand compares with the shares available in each investor category. GMP reflects unofficial market expectations and may fluctuate before listing. Neither guarantees a particular listing price or return.
Investors should review the official offer documents, understand the risks involved and consider their own financial circumstances before applying for an IPO.