The Jio Platforms IPO will open for subscription on 21-October-2026 and will close on 23-October-2026. The Total IPO Size is ₹30,213 Crores at the upper price band. The company has fixed the IPO Price Band at ₹1,065 to ₹1,119 per share. The IPO consists entirely of a fresh issue of up to 27 Crore Equity Shares, with no Offer for Sale by existing shareholders. The issue is expected to become India’s largest IPO by issue size.
There are three basic categories in Jio Platforms IPO Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail Individual Investors.
Jio Platforms Limited is a technology and digital connectivity platform built around proprietary digital technology and pan-India digital connectivity. Through its material subsidiary, Reliance Jio Infocomm Limited (“RJIL”), the company provides mobile connectivity, broadband, digital services, enterprise connectivity, cloud, AI and other technology-enabled services.
Jio Platforms’ digital connectivity forms a fundamental pillar of India’s growing digital economy. The company has built a large integrated digital ecosystem combining connectivity, digital applications, entertainment, cloud and enterprise services.
Its material subsidiary, Reliance Jio Infocomm Limited (“RJIL”), served 524.4 million customers in India as of March 31, 2026. Jio also carried approximately 60% of India’s wireless data traffic in Fiscal 2026.
Jio Platforms IPO Promoters
Reliance Industries Limited is the promoter of Jio Platforms Limited. Reliance Industries held approximately 66.43% of Jio Platforms before the IPO.
Jio Platforms IPO Date, Details & Price Band
The Jio Platforms IPO Price Band, IPO Dates, Market Lot and other details are mentioned in the table below.
| IPO Opening Date | 21-October-2026 |
| IPO Closing Date | 23-October-2026 |
| Price Band | ₹1,065 – ₹1,119 per share |
| Fresh Issue | ₹30,213 Cr (27,00,00,000 shares) |
| Offer for Sale | NIL |
| Total IPO Size | ₹30,213 Cr (27,00,00,000 shares) |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue |
| IPO Type | 100% Fresh Issue |
| Listing On | NSE, BSE |
| Employee Discount | ₹54 per share |
| RIL Shareholder Reservation | Up to ₹2,500 Cr |
| Employee Reservation | Up to ₹500 Cr |
| Market Cap at Upper Band | Approximately ₹10.30 Lakh Cr |
The IPO is structured as a fresh issue, meaning the proceeds will go to Jio Platforms rather than to existing selling shareholders. Eligible Reliance Industries shareholders have a reserved portion of up to ₹2,500 Crores, while eligible employees have a reservation of up to ₹500 Crores.
Jio Platforms IPO Market Lot
The Jio Platforms IPO minimum market lot is 12 shares, requiring an application amount of ₹13,428 at the upper price band of ₹1,119 per share.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 12 | ₹13,428 |
| Retail Maximum | 14 | 168 | ₹1,87,992 |
| S-HNI Minimum | 15 | 180 | ₹2,01,420 |
| S-HNI Maximum | 74 | 888 | ₹9,93,672 |
| B-HNI Minimum | 75 | 900 | ₹10,07,100 |
Eligible employees will receive a discount of ₹54 per share. Eligible Reliance Industries shareholders can participate through the separate shareholder reservation, subject to the applicable eligibility and record-date requirements.
Jio Platforms IPO Business Overview
Jio Platforms Limited is the holding company for Reliance’s digital services ecosystem. Its principal operating subsidiary, Reliance Jio Infocomm Limited (RJIL), operates India’s large-scale mobile and digital connectivity network.
Jio’s business extends beyond mobile connectivity and includes 5G services, fixed broadband, JioFiber, AirFiber, enterprise connectivity, cloud services, digital applications, entertainment, AI-enabled services and other digital products.
As of March 31, 2026, RJIL had 524.4 million customers. Jio’s network carried approximately 60% of India’s wireless data traffic during Fiscal 2026. The company’s average revenue per user (ARPU) was approximately ₹214 for the March 2026 quarter.
Jio Platforms IPO Objects of the Issue
The primary objective of the Jio Platforms IPO is to strengthen the company’s balance sheet through repayment or prepayment of borrowings of its material subsidiary, Reliance Jio Infocomm Limited.
- ₹27,500 Crores: Prepayment, in full or in part, of certain outstanding borrowings availed by Reliance Jio Infocomm Limited.
- General Corporate Purposes: The remaining proceeds will be used for general corporate purposes, subject to the limits and conditions specified in the offer document.
Since the IPO is entirely a fresh issue, the proceeds will be received by Jio Platforms and will not be paid to existing shareholders as an OFS.
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Income | Profit After Tax | |
| 31-Mar-26 | 6,15,594.00 | 1,49,759.10 | 30,052.70 |
| 31-Mar-25 | 5,81,233.80 | 1,29,333.00 | 26,120.30 |
| 31-Mar-24 | 5,39,580.40 | 1,10,175.40 | 21,434.00 |
Jio Platforms reported strong financial growth in FY2026. Total income increased to ₹1,49,759.10 Crores, while profit after tax increased to ₹30,052.70 Crores. EBITDA increased to approximately ₹76,255.40 Crores, with an EBITDA margin of approximately 50.92% on total income.
Jio Platforms IPO Latest Quarterly Financial Performance
For the quarter ended 30-June-2026, Jio Platforms reported total income of approximately ₹40,197.90 Crores, EBITDA of approximately ₹20,864.50 Crores and profit after tax of approximately ₹7,764.10 Crores.
| Total Income | EBITDA | Profit After Tax | |
| 30-Jun-26 | 40,197.90 | 20,864.50 | 7,764.10 |
Jio Platforms IPO Strengths
- Massive customer base: RJIL served 524.4 million customers as of March 31, 2026.
- Strong market position: Jio carried approximately 60% of India’s wireless data traffic in Fiscal 2026.
- Strong financial growth: Total income, EBITDA and PAT have increased consistently over the last three financial years.
- High EBITDA margin: Jio Platforms reported an EBITDA of approximately ₹76,255.40 Crores in FY2026.
- Large digital ecosystem: The company operates across connectivity, broadband, enterprise services, cloud, entertainment, digital applications and AI-enabled services.
- 5G leadership: Jio has developed a nationwide 5G network and continues to expand 5G adoption across its customer base.
- Strong parentage: Jio Platforms is promoted by Reliance Industries Limited, one of India’s largest diversified business groups.
- Technology and AI opportunity: The company is expanding beyond connectivity into cloud, AI, digital services and other higher-value technology businesses.
Jio Platforms IPO Risks
- Dependence on RJIL: A substantial portion of Jio Platforms’ business and financial performance is dependent on its material subsidiary, Reliance Jio Infocomm Limited.
- High promoter dependence: Reliance Industries Limited is the promoter and holds a significant stake in Jio Platforms even after the IPO.
- Customer churn risk: The telecom business is highly dependent on customer retention, additions and the ability to maintain competitive tariffs.
- Tariff and regulatory risk: Changes in telecom regulations, spectrum requirements, pricing policies and government regulations may affect profitability.
- High capital expenditure: Telecom networks, 5G infrastructure, broadband, cloud and data-centre expansion require substantial capital investment.
- Competition: Jio competes with established telecom operators including Bharti Airtel and Vodafone Idea across different segments.
- Reliance group concentration: Certain business relationships within the Reliance group create dependence on related parties and group entities.
- Technology risk: Rapid technological changes in telecommunications, cloud computing, AI and digital services require continuous investment and innovation.
Jio Platforms IPO GMP & Grey Market Premium
The Jio Platforms IPO GMP (Grey Market Premium) represents the premium at which the IPO shares are reportedly being traded in the unofficial grey market before listing.
As of 15-October-2026, the latest reported GMP was approximately ₹212 per share. Against the upper IPO price of ₹1,119, this indicates an unofficial estimated listing price of approximately ₹1,331 per share, representing an indicative premium of around 18.95%.
At a GMP of ₹212, the indicative premium for one retail lot of 12 shares would be approximately ₹2,544. However, GMP is unofficial and can change frequently. It should not be considered a guaranteed listing gain or listing price.
Check the latest Jio Platforms IPO GMP, Kostak Rates and Subject to Sauda Price here.
Jio Platforms IPO Subscription Status
The Jio Platforms IPO has not yet opened for public subscription. The IPO will open on 21-October-2026 and close on 23-October-2026.
Anchor investors will be able to participate on 19-October-2026. The live category-wise subscription figures will be updated on this page once bidding begins.
| Investor Category | Reservation / Subscription |
| Qualified Institutional Buyers (QIB) | Up to 50% of the net offer |
| Non-Institutional Investors (NII) | At least 15% of the net offer |
| Retail Individual Investors (RII) | At least 35% of the net offer |
| Eligible Employees | Up to ₹500 Crores |
| Eligible RIL Shareholders | Up to ₹2,500 Crores |
The subscription figures will be updated once the issue opens. The RIL shareholder reservation is available only to eligible shareholders meeting the applicable record-date requirements.
Jio Platforms IPO Prospectus
The Jio Platforms IPO Prospectus is available through the Jio Platforms, BSE and SEBI websites. The Red Herring Prospectus was filed with the Registrar of Companies on 15-October-2026. Please click here to download the Jio Platforms IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investors List | To be updated |
Jio Platforms IPO Allotment Date & Details
| Anchor Investor Bidding | 19-October-2026 |
| IPO Opening Date | 21-October-2026 |
| IPO Closing Date | 23-October-2026 |
| Allotment Date | 26-October-2026 |
| Initiation of Refunds | 27-October-2026 |
| Transfer of Shares to Demat Accounts | 27-October-2026 |
| Listing Date | 28-October-2026 |
| Check Allotment Status | Click here |
The above allotment, refund, demat credit and listing dates are indicative and subject to the final issue timetable. Current IPO sources show 26 October for allotment, 27 October for credit/refunds and 28 October for listing.
Jio Platforms IPO Registrar
KFin Technologies Limited
Selenium Tower-B
Plot No. 31 & 32, Gachibowli
Financial District, Nanakramguda
Serilingampally, Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222 / 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com
Investor Grievance E-mail: [email protected]
Jio Platforms IPO Contact Address
Jio Platforms Limited
Registered Office: Office-101, Saffron,
Nr. Centre Point, Panchwati 5 Rasta,
Ambawadi,
Ahmedabad, Gujarat – 380006
Phone: +91 22 7967 0000
Email: [email protected]
Website: www.jio.com
Jio Platforms IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- BofA Securities India Limited
- Axis Capital Limited
- BNP Paribas
- Citigroup Global Markets India Private Limited
- CLSA India Private Limited
- DAM Capital Advisors Limited
- Goldman Sachs (India) Securities Private Limited
- HDFC Bank Limited
- HSBC Securities and Capital Markets (India) Private Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Jefferies India Private Limited
- JM Financial Limited
- J.P. Morgan India Private Limited
- SBI Capital Markets Limited
- UBS Securities India Private Limited
- 360 ONE WAM Limited