Jio Platforms, the digital services and connectivity arm of Reliance Industries, opened its ₹30,213 crore initial public offering (IPO) for subscription on October 21, 2026. The issue will remain open until October 23 and is set to become India’s largest IPO, surpassing Hyundai Motor India’s ₹27,800 crore public offering in 2024.
The IPO is a fresh issue of approximately 27 crore equity shares, with no offer-for-sale component. The price band has been fixed at ₹1,065–₹1,119 per share. Retail investors can apply for a minimum lot of 12 shares, requiring an investment of ₹13,428 at the upper end of the price band.
Key IPO Dates and Details
The subscription window runs from October 21 to October 23. The basis of allotment is expected to be finalised on October 26, while shares are scheduled to be credited to investors’ demat accounts on October 27. Jio Platforms is expected to list on the BSE and NSE on October 28.
Before the public issue opened, the company raised around ₹8,110 crore from 212 anchor investors, according to market reports. The anchor allocation included domestic and global institutional investors, including mutual funds, insurers and international investment firms.
Funds to Support Debt Repayment and Corporate Purposes
Proceeds from the issue are intended to support the repayment of borrowings by Jio Platforms’ material subsidiary, Reliance Jio Infocomm, and for general corporate purposes. Reliance Industries is expected to retain a majority stake in Jio Platforms after the listing.
Jio Platforms operates across telecom connectivity and digital services, with its business also highlighting technology capabilities in areas such as 4G and 5G networks, cloud infrastructure and artificial intelligence. The IPO will give public-market investors a direct investment route into the company’s digital and connectivity businesses.
Grey Market Premium Is Not a Guaranteed Return
Ahead of the issue, media reports cited a grey market premium that suggested potential listing gains. However, the grey market premium is unofficial and can change quickly; it does not guarantee the listing price or returns. Investors should assess the company’s valuation, financial performance, risks and their own investment objectives before applying.
