Jio Platforms IPO
Jio Platforms Ltd. IPO is an upcoming mainboard public issue from the digital services and telecommunications business of Reliance Industries Ltd.
The company has filed its Red Herring Prospectus (RHP), and the IPO price band has been announced at ₹1,065 to ₹1,119 per share. The public issue is scheduled to open on 21 October 2026 and close on 23 October 2026.
The issue comprises 27 crore fresh equity shares, each having a face value of ₹10. Based on the announced price band, the issue size is approximately ₹28,755 crore to ₹30,213 crore. There is no offer-for-sale component in the proposed issue structure.
The company intends to use a substantial portion of the net proceeds to repay or prepay eligible borrowings of its subsidiary, Reliance Jio Infocomm Ltd. (RJIL). The proposed debt repayment allocation is up to approximately ₹27,500 crore, with the balance intended for general corporate purposes.
The anchor investor bidding date is expected to be 19 October 2026. The basis of allotment is expected on 26 October 2026, and the shares are expected to list on 28 October 2026, subject to the final exchange timetable.
Jio Platforms IPO Details
Jio Platforms Limited is preparing to enter the Indian primary market through a mainboard book-building IPO. The company operates a digital services ecosystem covering mobile connectivity, broadband, digital applications, enterprise technology and related services.
The issue comprises 27,00,00,000 fresh equity shares. At the price band of ₹1,065 to ₹1,119 per share, the gross issue value is approximately ₹28,755 crore to ₹30,213 crore.
Investors can apply for a minimum of 12 shares in one lot. The minimum application amount is ₹12,780 at the lower end of the price band and ₹13,428 at the upper end.
The principal stated objective of the IPO is to support repayment or prepayment of eligible outstanding borrowings of Reliance Jio Infocomm Ltd. The offer documents also identify general corporate purposes as an intended use of the proceeds.
Jio Platforms IPO Information
| Particulars | Details |
|---|---|
| Company Name | Jio Platforms Ltd. |
| IPO Type | Mainboard Book-Building Issue |
| IPO Open Date | 21 October 2026 |
| IPO Close Date | 23 October 2026 |
| Anchor Investor Date | 19 October 2026 (Expected) |
| Expected Allotment Date | 26 October 2026 |
| Expected Listing Date | 28 October 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹1,065 – ₹1,119 per share |
| Lot Size | 12 Shares |
| Total Issue Shares | 27,00,00,000 shares |
| Fresh Issue | 27,00,00,000 shares |
| Offer for Sale | No OFS component |
| Issue Size | Approximately ₹28,755 – ₹30,213 crore |
| Listing Exchanges | NSE and BSE |
| Promoter | Reliance Industries Ltd. |
| Registrar | KFin Technologies Ltd. |
| Lead Managers | Refer to the RHP for the complete list |
| RHP Filing Date | 15 October 2026 (SEBI filing record) |
Jio Platforms IPO Issue Size
Jio Platforms proposes to issue 27 crore fresh equity shares. The total amount raised depends on the final issue price within the announced price band.
| Issue Component | Shares | Amount |
|---|---|---|
| Total Issue | 27,00,00,000 | Approximately ₹28,755 – ₹30,213 crore |
| Fresh Issue | 27,00,00,000 | Approximately ₹28,755 – ₹30,213 crore |
| Offer for Sale | None proposed | Not Applicable |
Jio Platforms IPO Timeline
| Event | Date | Status |
|---|---|---|
| DRHP Filed with SEBI | 19 June 2026 | Previously Reported |
| SEBI Observation Letter | 28 August 2026 | Previously Reported |
| RHP Filing | 15 October 2026 | Filed |
| Anchor Investor Bidding | 19 October 2026 | Expected |
| IPO Opens | 21 October 2026 | Scheduled |
| IPO Closes | 23 October 2026 | Scheduled |
| Basis of Allotment | 26 October 2026 | Expected |
| Refund / ASBA Unblocking | 27 October 2026 | Expected; verify timetable |
| Shares Credited to Demat | 27 October 2026 | Expected; verify timetable |
| Stock Exchange Listing | 28 October 2026 | Expected |
Note: Refund, demat credit and allotment processing dates are indicative and may change. Check the final exchange timetable for confirmed dates.
Jio Platforms IPO Investor Reservation
The final category-wise allocation should be checked in the RHP and the applicable exchange issue details. The issue information also refers to reservations for eligible investors in specified categories, including existing Reliance Industries shareholders and eligible employees, subject to the conditions in the offer documents.
| Investor Category | Details |
|---|---|
| Qualified Institutional Buyers (QIB) | Allocation as specified in the final offer documents |
| Retail Individual Investors (RII) | Allocation as specified in the final offer documents |
| Non-Institutional Investors (NII) | Allocation as specified in the final offer documents |
| Anchor Investors | Anchor bidding expected on 19 October 2026 |
| Eligible Reliance Industries Shareholders | Refer to the RHP for reservation and eligibility conditions |
| Eligible Employees | Employee reservation and any applicable discount are subject to the offer terms |
Investors should not assume eligibility for a shareholder or employee reservation without checking the record-date requirements, application limits and other conditions in the official offer documents.
Jio Platforms IPO Lot Size and Minimum Investment
The minimum lot size is 12 shares. Retail investors can calculate the minimum application amount using the announced price band. The final payable amount depends on the bid price and the number of lots selected.
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹1,065 – ₹1,119 |
| Minimum Lot Size | 12 Shares |
| Minimum Investment at Lower Band | ₹12,780 |
| Minimum Investment at Upper Band | ₹13,428 |
| Two Lots at Upper Band | ₹26,856 |
| Three Lots at Upper Band | ₹40,284 |
| Retail Application Limit | Refer to applicable IPO rules and the RHP |
| HNI Application Categories | Subject to final offer terms and applicable rules |
Calculation: One lot contains 12 shares. At ₹1,065 per share, the minimum bid amount is ₹12,780. At ₹1,119 per share, the amount is ₹13,428.
About Jio Platforms Ltd.
Jio Platforms Limited is a digital services and technology company within the Reliance Industries group. Its business includes telecommunications-related digital infrastructure, connectivity services, consumer applications and enterprise technology offerings.
The group’s digital ecosystem serves mobile users, home broadband customers, enterprises and digital application users. Reliance Jio Infocomm Ltd. is the key telecommunications subsidiary through which Jio provides mobile and fixed connectivity services.
The company combines network infrastructure with digital applications and technology platforms. Its ecosystem includes connectivity, entertainment, music, gaming, cloud-related services and smart-home offerings.
Enterprise customers are served through connectivity, cloud and managed technology services, Internet of Things solutions, communications, security offerings and private network solutions.
Jio Platforms has also been developing technology capabilities across cloud-native networks, artificial intelligence, digital applications and related areas. Its products and services target individual consumers and organisations across multiple industries.
Jio Platforms Business Segments
| Business Area | Examples of Services |
|---|---|
| Mobile Connectivity | Mobile voice, data and 5G connectivity |
| Home Broadband | Fixed broadband and wireless home internet services |
| Digital Applications | Entertainment, music, gaming and consumer digital platforms |
| Cloud and Storage | Cloud-based consumer and enterprise services |
| Enterprise Technology | Business connectivity, managed services and communications solutions |
| IoT and Private Networks | Connected-device solutions and private network services |
| AI and Digital Technology | AI-enabled services and technology platform development |
Key Business Features of Jio Platforms
- A large telecommunications and digital services customer base.
- Integration of connectivity infrastructure with digital platforms and applications.
- Presence in mobile, 5G, home broadband and enterprise connectivity.
- Consumer services across entertainment, gaming, music and cloud-related offerings.
- Enterprise offerings covering cloud, IoT, security and managed technology services.
- Technology development across networks, software and AI-enabled applications.
- Reliance Industries Ltd. is the promoter of Jio Platforms.
Jio Platforms IPO Objects of the Issue
According to the proposed issue documents, the principal use of IPO proceeds is to repay or prepay certain outstanding borrowings of Reliance Jio Infocomm Ltd., a material subsidiary of Jio Platforms. The company also intends to use a portion of the proceeds for general corporate purposes.
| # | Purpose | Proposed Amount |
|---|---|---|
| 1 | Full or partial prepayment of certain outstanding borrowings of Reliance Jio Infocomm Ltd. | Up to approximately ₹27,500 crore |
| 2 | General corporate purposes | As specified in the final offer documents |
The final deployment of funds will be governed by the offer documents and the actual net proceeds raised in the IPO.
Jio Platforms Financial Performance
The financial figures below reproduce the financial information supplied for this article. They should be reconciled with the restated financial statements in the RHP before publication.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
| Total Income | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| Profit After Tax | 30,052.70 | 26,120.30 | 21,434.00 |
| EBITDA | 76,255.40 | 64,170.00 | 54,958.70 |
| Net Worth | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
| Total Borrowings | 70,781.00 | 73,060.30 | 54,348.90 |
Financial note: These figures have not been independently reconciled here with the final RHP. Verify the financial year, consolidated or standalone basis, units and figures against the official document before publishing or relying on them.
Jio Platforms Revenue and Profit Growth
Based on the figures supplied for this article, total income increased from ₹1,29,333.00 crore in FY2025 to ₹1,49,759.10 crore in FY2026. Profit after tax increased from ₹26,120.30 crore to ₹30,052.70 crore over the same period.
These figures imply year-on-year growth of approximately 15.8% in total income and 15.1% in profit after tax. These calculations are based on the supplied numbers and should be verified against the official financial disclosures.
Jio Platforms IPO Key Performance Indicators
The following indicators are reproduced from the KPI information supplied for this article. Investors should verify the reporting period and calculation methodology against the RHP.
| KPI | Reported Value |
|---|---|
| Return on Capital Employed (ROCE) | 10.76% |
| Return on Net Worth (RoNW) | 9.42% |
| PAT Margin | 20.46% |
| EBITDA Margin | 51.91% |
| Net Asset Value (NAV) | ₹373.66 per share |
Jio Platforms IPO Valuation
At the upper price band of ₹1,119 per share, the proposed issue implies a pre-listing equity valuation of approximately ₹10.5 lakh crore, subject to the post-issue share capital and valuation basis disclosed in the RHP.
The IPO price band is ₹1,065 to ₹1,119 per share. Investors should evaluate the valuation using the final offer price, verified earnings per share, post-issue share capital, net debt and relevant industry comparisons.
| Valuation Metric | Details |
|---|---|
| Price Band | ₹1,065 – ₹1,119 per share |
| Face Value | ₹10 per share |
| Issue Shares | 27 crore fresh equity shares |
| Issue Size | Approximately ₹28,755 – ₹30,213 crore |
| EPS | Verify the applicable EPS in the RHP |
| Price-to-Earnings Ratio | Calculate using verified EPS and the applicable offer price |
| Market Capitalisation | Depends on verified post-issue share capital and offer price |
Important: The earlier EPS figures of ₹33.62 and ₹32.63 have not been independently reconciled with the RHP and are therefore not repeated as verified valuation data.
Jio Platforms Shareholding Structure
Reliance Industries Ltd. is the promoter of Jio Platforms. The final post-issue shareholding percentages should be checked against the shareholding tables in the RHP.
| Category | Details |
|---|---|
| Promoter | Reliance Industries Ltd. |
| Pre-IPO Shareholding | Refer to the RHP shareholding tables |
| Fresh Shares Offered | 27 crore equity shares |
| Post-IPO Shareholding | Depends on the final post-issue capital structure |
Jio Platforms IPO Registrar and Lead Managers
IPO Registrar: KFin Technologies Ltd.
Book Running Lead Managers: Refer to the RHP for the complete list of book-running lead managers and their respective roles.
Investors should use the registrar’s official website and the relevant exchange facilities for application and allotment updates.
Jio Platforms IPO Important Information
| Particulars | Details |
|---|---|
| Company | Jio Platforms Ltd. |
| Promoter | Reliance Industries Ltd. |
| IPO Type | Mainboard Book-Building Issue |
| Fresh Issue | 27 crore equity shares |
| Offer for Sale | No OFS component |
| Face Value | ₹10 per share |
| Price Band | ₹1,065 – ₹1,119 |
| Lot Size | 12 shares |
| Minimum Investment | ₹12,780 – ₹13,428 per lot |
| Issue Size | Approximately ₹28,755 – ₹30,213 crore |
| IPO Opening | 21 October 2026 |
| IPO Closing | 23 October 2026 |
| Anchor Investor Date | 19 October 2026 (Expected) |
| Expected Allotment | 26 October 2026 |
| Expected Listing | 28 October 2026 |
| Listing Exchanges | NSE and BSE |
| Registrar | KFin Technologies Ltd. |
| Main Use of Proceeds | Repayment or prepayment of eligible subsidiary borrowings and general corporate purposes |
| Proposed Debt Repayment | Up to approximately ₹27,500 crore |
Jio Platforms IPO Quick Summary
Jio Platforms IPO is a proposed mainboard public issue from the digital services and telecommunications business of Reliance Industries Ltd.
The IPO is scheduled to open on 21 October 2026 and close on 23 October 2026. The announced price band is ₹1,065 to ₹1,119 per share.
The minimum lot size is 12 shares. Investors need ₹12,780 at the lower price band or ₹13,428 at the upper price band to apply for one lot.
The issue comprises 27 crore fresh equity shares, with an estimated total issue size of ₹28,755 crore to ₹30,213 crore. There is no offer-for-sale component.
The anchor investor bidding date is expected to be 19 October. The basis of allotment is expected on 26 October, and listing is expected on 28 October 2026, subject to the final timetable.
The company intends to use a substantial portion of the IPO proceeds to repay or prepay eligible borrowings of Reliance Jio Infocomm Ltd. Investors should read the RHP and assess the valuation and risks before applying.
Jio Platforms IPO FAQs
Jio Platforms IPO Official Documents and Updates
- Jio Platforms Ltd. RHP filing on the SEBI website
- Jio Platforms Ltd. Red Herring Prospectus and Abridged Prospectus
- Reuters report on the Jio Platforms IPO and valuation
- Jio Platforms IPO dates, price band and lot-size information
Disclaimer
This Jio Platforms IPO article is intended for general informational and educational purposes. It is not an offer to buy or sell securities and should not be considered investment advice.
IPO details, reservation categories, allotment dates and listing dates are subject to the applicable offer documents and exchange announcements. Investors should refer to the RHP and official stock exchange disclosures before applying.
Financial figures and company details should be verified against the latest official disclosures before an investment decision. Historical financial results do not guarantee future performance.
Grey market premium (GMP) is unofficial and may fluctuate. It does not guarantee listing gains or the actual market price after listing.
TradingMinds does not guarantee IPO allotment, listing gains or investment returns. Investors should review the risks, financial statements, valuation and use of proceeds disclosed in the official offer documents before making an investment decision.
Last Updated: 16 October 2026.
