Telecom Sector

Jio Platforms IPO received 7.01 times subscription by 12:12 PM on October 23, 2026, led by QIBs at 14.62 times. The GMP stood at ₹245, implying an estimated listing price of ₹1,364 per share. Here's a look at category-wise demand and the latest GMP trend.

Indian stock markets ended lower for the third consecutive session on October 22, with the Sensex declining 460 points and the Nifty slipping below 22,700. Media, FMCG, IT and energy stocks led sectoral losses, while rising Brent crude prices and a sell-off across Asian markets added to investor concerns.

Jio Platforms IPO received 3.48 times subscription by 11:02 AM on October 22, 2026, led by strong QIB demand at 9.42x. The GMP stood at ₹247, indicating an estimated listing price of ₹1,366 against the upper price band of ₹1,119.

₹30,230-crore IPO received ₹90,500 crore in Day 1 bids on October 21, 2026, with the issue subscribed three times by 5 PM. The QIB portion led demand with 9 times subscription, while retail participation stood at 0.67 times. The IPO closes on October 23, ahead of its scheduled October 28 listing.

Reliance Industries shares gained 1.71% to ₹1,222.50 on the NSE by 11:25 AM on October 21, 2026, as Jio Platforms launched its IPO. The ₹30,213-crore issue, expected valuation of ₹10.3 lakh crore and proposed debt repayment of up to ₹27,500 crore are key developments surrounding the market movement.

Jio Platforms IPO was subscribed 1.03 times by 10:41 AM on October 21, 2026, led by QIB demand at 3.25 times. The GMP stood at ₹265, indicating an estimated listing price of ₹1,384 per share. Check the latest subscription figures, investor-category demand, price band and GMP trend.

Jio Platforms' ₹8,110 crore anchor book has reportedly attracted over ₹2.5 lakh crore in institutional bids ahead of its ₹30,213 crore IPO, scheduled to open on October 21, 2026.

Jio Platforms IPO is expected to open on October 21, 2026, with a reported $3.8 billion issue. The IPO could value Jio Platforms at $143–146 billion and become India's biggest IPO.

The Indian stock market is under pressure as geopolitical tensions, rising crude oil prices, higher US Treasury yields, rupee weakness and foreign investor selling trigger a broad-based sell-off in Nifty and Sensex.

Indian benchmark indices ended higher on September 10, 2026, snapping a three-session losing streak. Nifty and Sensex gained 0.20% and 0.19%, respectively, led by banking and financial stocks, while crude oil above $100, rupee weakness and pressure in auto and metal stocks kept gains limited.