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Jio Platforms IPO 2026 opened for subscription on October 21, 2026. The IPO of Jio Platforms Limited aims to raise approximately ₹30,213 crore through a fresh issue of up to 27 crore equity shares. The issue will remain open until October 23, 2026. The price band has been fixed at ₹1,065 to ₹1,119 per share, and the shares are scheduled to be listed on the BSE and NSE on October 28, 2026.
The IPO has attracted significant attention from investors because of Jio’s large customer base, strong telecommunications business and expansion into digital services, broadband, cloud computing and artificial intelligence. Investors are closely monitoring the subscription figures, company valuation and potential listing performance.
Jio Platforms IPO 2026: Key Details
Here are the important details of the Jio Platforms IPO as of October 21, 2026.
| Particulars | Details |
|---|---|
| Company Name | Jio Platforms Limited |
| IPO Opening Date | October 21, 2026 |
| IPO Closing Date | October 23, 2026 |
| Anchor Investor Bidding Date | October 19, 2026 |
| Price Band | ₹1,065 to ₹1,119 per share |
| Face Value | ₹10 per share |
| Issue Size | Approximately ₹30,213 crore |
| Issue Type | Fresh Issue |
| Shares Offered | Up to 27 crore equity shares |
| Lot Size | 12 shares |
| Minimum Investment | ₹12,780 at the lower price band |
| Investment at Upper Price Band | ₹13,428 for one lot |
| Expected Allotment Date | October 26, 2026 |
| Expected Refund Date | October 27, 2026 |
| Expected Share Credit Date | October 27, 2026 |
| Expected Listing Date | October 28, 2026 |
| Listing Exchanges | BSE and NSE |
| Promoter | Reliance Industries Limited |
| Registrar | KFin Technologies Limited |
| Download Prospectus PDF | Click Here |
The dates are tentative and may change if there are official revisions. Investors should check the company’s offer document and stock exchange announcements for the latest information.
Jio Platforms IPO Price Band and Lot Size
Jio Platforms has fixed the IPO price band at ₹1,065 to ₹1,119 per share. Investors can apply for shares within this price range during the subscription period.
The minimum bid lot is 12 shares. Therefore, retail investors applying for one lot will need ₹12,780 at the lower price band or ₹13,428 at the upper price band.
| Number of Lots | Number of Shares | Investment at ₹1,065 | Investment at ₹1,119 |
|---|---|---|---|
| 1 | 12 | ₹12,780 | ₹13,428 |
| 2 | 24 | ₹25,560 | ₹26,856 |
| 3 | 36 | ₹38,340 | ₹40,284 |
| 5 | 60 | ₹63,900 | ₹67,140 |
| 10 | 120 | ₹1,27,800 | ₹1,34,280 |
These amounts represent the application value at the respective price bands. They do not indicate the profit or loss an investor may earn after listing.
Jio Platforms IPO Subscription Status on October 21, 2026
The Jio Platforms IPO opened for bidding on October 21, 2026. According to subscription data reported during the first day, institutional investors showed strong demand for the issue.
At approximately 4:30 PM on October 21, the IPO was reported to be subscribed around 2.98 times overall. The qualified institutional buyer (QIB) category was subscribed approximately 8.97 times, the non-institutional investor (NII) category 1.51 times, and the retail category 0.68 times.
| Investor Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIB) | 8.97 times |
| Non-Institutional Investors (NII) | 1.51 times |
| Retail Individual Investors | 0.68 times |
| Overall Subscription | 2.98 times |
Note: These are reported figures from the first day of bidding, around 4:30 PM on October 21, 2026. Subscription figures can change during the bidding period. Check the latest exchange data for updated numbers.
The figures indicate strong demand from institutional investors, while retail demand had not yet reached full subscription at that time. However, subscription levels alone do not guarantee listing gains or future share price performance.
How Much Money Will Jio Platforms Raise Through the IPO?
Jio Platforms aims to raise approximately ₹30,213 crore through the issue at the upper end of the price band. The company plans to issue up to 27 crore new equity shares with a face value of ₹10 each.
The IPO is entirely a fresh issue, meaning the proceeds will go to the company rather than to existing shareholders selling their shares through an offer-for-sale component.
The funds are primarily intended to reduce borrowings at Reliance Jio Infocomm Limited, the company’s telecommunications subsidiary.
How Will Jio Platforms Use the IPO Proceeds?
According to the published IPO details, Jio Platforms plans to use up to ₹27,500 crore from the proceeds to repay or prepay certain borrowings of Reliance Jio Infocomm Limited.
The remaining funds are intended for general corporate purposes, subject to the conditions and limits specified in the Red Herring Prospectus.
Reducing borrowings could help the company manage its financial obligations and strengthen its financial position. Investors should review the prospectus for the exact terms and proposed use of the proceeds.
What Does Jio Platforms Do?
Jio Platforms Limited is the digital technology and services business of Reliance Industries Limited. Its business covers telecommunications, broadband connectivity, digital applications, enterprise technology and emerging digital services.
Its subsidiary, Reliance Jio Infocomm Limited, provides mobile and broadband services across India. Jio is also expanding into cloud computing, digital entertainment, enterprise connectivity and artificial intelligence-related services.
The company’s major business areas include:
- Mobile telecommunications: Wireless voice and data services for consumers.
- Broadband services: Fibre-based and wireless broadband connectivity for homes and businesses.
- Digital applications: Online entertainment and other consumer-facing digital services.
- Enterprise solutions: Connectivity, cloud services, private 5G and managed technology services.
- Artificial intelligence: Investment in AI-based products and digital infrastructure.
These businesses provide opportunities to generate revenue from both individual customers and corporate clients.
Jio Platforms Financial Performance
Jio Platforms has reported substantial revenue and operating earnings from its digital and telecommunications businesses.
According to the company’s published financial information, its financial highlights for FY 2025–26 include the following figures.
| Financial Metric | FY 2025–26 |
|---|---|
| Revenue from Operations | Approximately ₹1,46,885 crore |
| EBITDA | Approximately ₹76,300 crore |
| EBITDA Margin | More than 50% |
EBITDA means earnings before interest, taxes, depreciation and amortisation. It is commonly used to assess a company’s operating performance before certain financial and accounting expenses.
Investors should also review net profit, borrowings, cash flows, capital expenditure and other financial details in the Red Herring Prospectus before evaluating the IPO.
Jio Platforms Customer Base
Jio’s large customer base is one of its key business strengths. Its established telecommunications network provides opportunities to expand broadband, digital applications, enterprise solutions and other technology services.
Investors should review the latest customer figures and operating metrics disclosed in the company’s offer document when assessing its growth prospects. Customer numbers alone do not determine future profitability, as revenue per user, operating costs and competition also affect financial performance.
Jio Platforms IPO Valuation
At the upper end of the price band, Jio Platforms has an estimated valuation of approximately ₹10.3 lakh crore, or around US$108 billion, according to published IPO estimates.
The valuation reflects the size of its telecommunications business and its potential to expand into digital technology, cloud computing and artificial intelligence-related services.
However, a high valuation also means investors need to assess whether future earnings and cash flows can support the share price. Comparing the company’s valuation with its financial performance, borrowings, growth expectations and listed industry peers can help investors evaluate the issue.
Jio Platforms IPO Shareholder and Employee Quotas
The IPO includes reservations for eligible employees and certain existing public shareholders of Reliance Industries Limited.
According to the published offer details, shares worth up to ₹500 crore have been reserved for eligible employees. A separate reservation of up to ₹2,500 crore has been provided for eligible Reliance Industries public shareholders, subject to the eligibility conditions specified in the offer document.
Eligible employees are offered a discount of ₹54 per share under the employee reservation portion. Investors should read the Red Herring Prospectus carefully to understand the applicable eligibility requirements, application limits and category-specific rules.
Jio Platforms IPO Listing Date
The Jio Platforms IPO is scheduled to close on October 23, 2026. The tentative allotment date is October 26, followed by the expected initiation of refunds and credit of shares on October 27.
The shares are scheduled to list on the BSE and NSE on October 28, 2026. These dates are tentative and should be checked against official exchange announcements.
Investors who receive an allotment can check their holdings through their demat accounts after the shares are credited.
Should Investors Apply for the Jio Platforms IPO?
The Jio Platforms IPO gives investors an opportunity to invest directly in a large Indian telecommunications and digital services business.
The company’s major strengths include its large customer base, established network infrastructure, operating earnings and opportunities in broadband, cloud computing and AI-related services.
However, investors should also consider the following risks:
- The IPO valuation may leave limited room for gains if future earnings do not meet expectations.
- Telecommunications is a capital-intensive business that requires continued investment in networks and technology.
- Competition, regulatory changes and changes in customer demand could affect future earnings.
- The company needs to demonstrate that its investments in digital services and emerging technologies can generate sustainable returns.
- Strong IPO subscription or a positive grey market premium does not guarantee listing gains.
Investors should make decisions based on the offer document, financial performance, valuation and their own risk tolerance rather than relying solely on market sentiment.
How to Check Jio Platforms IPO Details
Investors can review the official offer documents and company information before applying.
The Red Herring Prospectus is available through the SEBI IPO filing page. Additional information is available on the official Jio Platforms IPO website.
Frequently Asked Questions (FAQs)
1. When did the Jio Platforms IPO open?
The Jio Platforms IPO opened for subscription on October 21, 2026.
2. What is the closing date of the Jio Platforms IPO?
The IPO is scheduled to close on October 23, 2026.
3. What is the Jio Platforms IPO price band?
The price band is ₹1,065 to ₹1,119 per share.
4. What is the lot size of the Jio Platforms IPO?
The minimum bid lot is 12 shares.
5. What is the minimum investment required?
The minimum application amount is ₹12,780 at the lower price band and ₹13,428 at the upper price band for one lot of 12 shares.
6. What is the total issue size?
The issue size is approximately ₹30,213 crore at the upper price band.
7. When will the Jio Platforms IPO shares be listed?
The shares are tentatively scheduled to list on the BSE and NSE on October 28, 2026.
8. How will Jio Platforms use the IPO proceeds?
The company plans to use up to ₹27,500 crore to repay or prepay certain borrowings of Reliance Jio Infocomm Limited. The remaining proceeds are intended for general corporate purposes, subject to the offer document.
9. Is the Jio Platforms IPO entirely a fresh issue?
Yes. The IPO comprises a fresh issue of up to 27 crore equity shares and does not include an offer-for-sale component.
10. Does strong IPO subscription guarantee listing gains?
No. Subscription figures indicate investor demand during the bidding period, but they do not guarantee listing gains or future returns.
Conclusion
The Jio Platforms IPO opened on October 21, 2026, with an issue size of approximately ₹30,213 crore and a price band of ₹1,065 to ₹1,119 per share. The company plans to use most of the proceeds to reduce borrowings at its telecommunications subsidiary, while the remaining amount will support general corporate purposes.
Jio’s customer base, operating earnings and expanding digital services business are important factors for investors to consider. At the same time, valuation, debt, competition and future earnings will play an important role in determining whether the shares offer attractive long-term value.
Investors should read the official offer document carefully and assess their financial goals and risk tolerance before applying.
