The Jio Platforms IPO listing gains could reach ₹2,964 for investors allotted one lot of 12 shares, based on the latest reported grey market premium (GMP) of ₹247 as of October 26, 2026.
With the issue's upper price band set at ₹1,119 per share, the GMP indicates an estimated listing price of ₹1,366. This represents an implied premium of approximately 22.07%. However, the grey market premium is unofficial and does not guarantee the actual listing price.
The IPO was subscribed 21.36 times by the close of bidding on October 23. The allotment was expected to be finalised on October 26, with shares scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 28.
Potential Profit on 12, 36 and 60 Shares
Based on the issue price of ₹1,119 and the estimated listing price of ₹1,366, the potential investment value and gains would be as follows.
| 12 (1 lot) | ₹13,428 | ₹16,392 | ₹2,964 |
| 24 (2 lots) | ₹26,856 | ₹32,784 | ₹5,928 |
| 36 (3 lots) | ₹40,284 | ₹49,176 | ₹8,892 |
| 60 (5 lots) | ₹67,140 | ₹81,960 | ₹14,820 |
| 120 (10 lots) | ₹1,34,280 | ₹1,63,920 | ₹29,640 |
These figures are estimates based on the reported GMP. They exclude brokerage, taxes and other applicable charges. Actual returns will depend on the listing price and the price at which an investor sells the shares.
What Does the ₹247 GMP Mean?
The grey market premium represents unofficial market interest in an IPO before its shares begin trading on the stock exchange. At a GMP of ₹247, adding the premium to the upper issue price of ₹1,119 produces an estimated listing price of ₹1,366.
However, GMP can fluctuate before listing and may not accurately predict the stock's opening price. Investors could earn less than the estimated gains or incur losses if the shares list below the issue price.
When Will Jio Platforms IPO Shares List?
According to the reported schedule, the allotment was expected on October 26, 2026, while listing was scheduled for October 28 on the BSE and NSE.
Investors can check allotment details through KFin Technologies, the issue registrar, or the official exchange websites: BSE and NSE.
The IPO was open for subscription from October 21 to October 23. The reported overall subscription was 21.36 times, with qualified institutional buyers subscribing 67.15 times, non-institutional investors 13.99 times and retail investors 2.76 times.
Investors should distinguish between receiving an allotment and making a profit. Allotment determines whether shares are allocated, while the final return depends on market performance and the eventual selling price.
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