# Jio Platforms Shares List at 21% Premium Over IPO Price

> Jio Platforms stock lists at 21.36% premium over IPO price with strong buy ratings from major brokerages.
- Title: Jio Platforms Shares List at 21% Premium Over IPO Price
- Summary: Jio Platforms stock lists at 21.36% premium over IPO price with strong buy ratings from major brokerages. Jio Platforms shares listed at Rs 1,358 on BSE and…
- Keywords: jio platforms, ipo, bse, nse, nomura, motilal oswal, elara capital, jio share price, jio platforms share price, jio ipo, money, business
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/jio-platforms-share-price-lists-at-21-premium-over-ipo-price-should-investors-buy-sell-or-hold-the-stock/articleshow/135251796.cms
- Author: Veer Sharma
- Published: 2026-10-28T04:27:00+00:00
- Read time: 1 min
- Topics: jio platforms, ipo, bse, nse, nomura, motilal oswal, elara capital, jio share price, jio platforms share price, jio ipo, money, business
## Jio Platforms IPO Listing
Jio Platforms shares listed at Rs 1,358 on BSE and NSE, 21.36% premium over IPO price of Rs 1,119.

> Jio Platforms listing at BSE: 'Will create value for decades to come', says Akash Ambani
## IPO Subscription Details
IPO fully subscribed within 100 minutes, QIB portion booked in first 10 minutes, 22.2x subscription at close of third day.
## IPO Demand Figures
Aggregate demand of 655.68 crore shares against 27 crore shares offered, 1.4 crore applications including retail investors.
## Brokerage Recommendations
Three buy ratings from brokerages: Nomura target Rs 1,340 (20% upside), Motilal Oswal target Rs 1,350, Elara Capital target Rs 1,367.
## Nomura's Analysis
Jio has ~42% wireless subscribers, ~60% data traffic, 43% home broadband, with potential for tariff hikes and debt reduction.

> Jio, once the disruptor, is now the leader. It has ~42% of the country’s wireless subscribers, ~60% of data traffic and 43% of home broadband.
## Home Broadband Growth
28.6 million home broadband subscribers in June 2026, 300 million potential households with 21% penetration in India.
## Capital Expenditure Trend
Capex expected to fall from 35% of revenue in FY25 to 23% in FY26, freeing cash flow for free cash flow improvement.
## Debt Reduction Outlook
Net debt-to-equity declining from 0.56 times in FY24 to 0.37 times in FY26, expected debt-free by FY29.
## Jio's Growth Potential
500 million subscribers, telecom network, broadband, enterprise tech, cloud and ai businesses for future expansion.

> The listing of Jio Platforms is a significant milestone for the Indian capital market. It is a major Indian digital infrastructure business with substantial growth opportunities, backed by more than 500 million subscribers and an extensive telecom network.
## Long-Term Investment View
Uday Patil of PL Capital calls Jio a long-term bet with potential for decades of value creation.

> Jio is definitely a long-term bet, and every investor would like to have a share in their portfolio
## Key takeaway

Jio Platforms shares listed at Rs 1,358 on BSE and NSE, 21.36% above IPO price of Rs 1,119, with three buy recommendations including Nomura's target of Rs 1,340.