# Jio Platforms Listing LIVE Updates: Nomura sees price target of ₹1,340, upside of 20% — retained record

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source: [news](https://highsignal.app/data/news) (news:india-cnbc-tv18)  published 2026-10-28 02:20 ingested 2026-10-28 02:53

[original source ↗](https://www.cnbctv18.com/market/jio-platforms-share-price-listing-live-updates-largest-indian-ipo-subscription-bids-gmp-volumes-targets-nse-bse-liveblog-20020825.htm)

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Jio Platforms Listing LIVE Updates: Nomura sees price target of ₹1,340, upside of 20%
Jio Platforms Listing LIVE Updates: India's largest IPO, Jio Platforms, is set for its stock market debut in just a few hours from now. Analysts are pointing towards a strong listing for the telecom service provider. Watch this space for all the LIVE listing and day 1 trading activity updates.
Jio Platforms Listing LIVE Updates: Record Applications For The IPO
Jio Platforms received record applications as well during the three-day IPO, which saw public investors place bets worth ₹4.9 lakh crore.
Jio Platforms received about 1.39 crore applications. That is a world record, the highest ever for any IPO globally, and the first to cross the 1 crore mark as well.
The previous record was also held by an Indian Company, Waaree Energies, which had received 97 lakh applications.
Jio Platforms Listing LIVE Updates: Vallabh Bhansali, Co-Founder, Enam Group's Views
-Jio Platforms Is Dhirubhai Ambani’s 30-Yr Old Vision Becoming A Reality
-Mukesh Ambani Has A Long-Term Vision While Building Businesses
-Jio Has Successfully Created Appropriate Tech, Utilised It To Reduce Costs
-There’s Several Layers Of Safety Built Into Jio Biz
-Jio Platforms Is A Representation Of India’s Consumption Trends
Jio Platforms Listing LIVE Updates: Why Is Nomura Betting On Jio Platforms
- It has 42% of country’s wireless subscribers, 60% of data traffic and 43% of home broadband.
- View, the listing will likely push Jio Platforms (JPL IN), price setter, towards steady tariff hikes that peers can follow
- Strong network + the largest subscriber market share = long-term value creation
Jio Platforms Listing LIVE Updates: Nomura Initiates Coverage
- Buy Rating
- Price target of ₹1,340
- Potential upside of 20%
- Jio, once the disruptor, is now the leader
- Estimate EBITDA CAGR of 13.5% over FY26-29
Jio Platforms Listing LIVE Updates: Overall subscription
Jio Platforms Listing LIVE Updates: Retail Bets Big Too
Retail Investors also bet big on the Jio Platforms IPO.
The portion reserved for them saw full subscription on the second day, while the final subscription figure was over 2x.
Retail investors cumulatively placed bids worth over ₹25,000 crore in the IPO, and this does not include eligible employees and existing small shareholders of Reliance Industries.
Jio Platforms Listing LIVE Updates: Strong, Record Breaking Demand
The Jio Platforms IPO was a complete fresh issue of equity worth ₹30,213 crore with no offer for sale (OFS) component.
Anchor investors placed bids worth ₹2.5 lakh crore for an ₹8,110 crore portion reserved for them.
Among public shareholders, the Qualified Institutional Bidders led the subscription demand, with their portion getting overall subscription of more than 70 times the shares reserved for them.
Jio Platforms Listing LIVE Updates: Record Demand For IPO
Jio Platforms heads to the bourses after having broken many records during its three-day IPO bidding process.
The ₹30,213 crore issue received record demand of ₹7.4 lakh crore, with bids from public investors nearing ₹5 lakh crore.
The IPO was also fully subscribed within the first 100 minutes of the issue opening, making it the fastest among mega IPOs to achieve this feat.
Jio Platforms Listing LIVE Updates: Big Day For India's Capital Markets
Good Morning!
Welcome to CNBC-TV18’s LIVE coverage of the listing of Jio Platforms on the stock exchanges.
Stay tuned to this space for all the LIVE updates.
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