Mint reported ₹2,227 crore in Jio Platforms Limited’s margin trading facility (MTF) exposure across Indian exchanges on Wednesday, Oct. 28, its first trading day, a figure that measures margin-account balances rather than confirmed retail cash borrowing.
Mint’s breakdown put ₹2,182 crore on the National Stock Exchange of India (NSE), with ₹45 crore on BSE. IndiaMTF’s compilation of exchange disclosures lists ₹2,183 crore on NSE and ₹45 crore on BSE, for ₹2,228 crore combined. Tipsheet’s NSE-only compilation also lists ₹2,183 crore, leaving a ₹1 crore difference from Mint’s figures.
The total is not a count of cash borrowed by individual investors. Securities and Exchange Board of India (SEBI) rules call for exchanges to publish scrip-wise gross outstanding in margin accounts after trading hours on the following day. The aggregate does not identify individual clients or establish the investor mix behind the exposure.
NSE placed Jio Platforms in Group 1 securities from its listing date, making the shares eligible for MTF under the exchange’s guidance. The NSE listing circular set the IPO issue price at ₹1,119. Business Standard and NDTV Profit reported that the shares opened at ₹1,358, 21.36% above the offer price.
Mint also reported that Jio Platforms accounted for 93% of a ₹2,337 crore increase in NSE’s MTF book that day. It said some investors who did not receive IPO shares used the facility after trading began, and put the deliverable share of the day’s traded quantity at 71%.
MTF lets clients buy eligible shares after posting initial margin. NSE guidance says brokers may request additional margin and can liquidate securities if a client fails to meet a margin call.
