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| Jio ipo |
Reliance-backed Jio Platforms Limited’s ₹30,213 crore initial public offering (IPO) opened for public subscription today, October 21, 2026, with a price band of ₹1,065 to ₹1,119 per share. As of 10:03 AM on the first day of bidding, the issue had been subscribed 0.84 times.
The IPO will close on October 23, 2026. The allotment is expected to be finalised on October 26, 2026, while the company’s shares are scheduled to list on the BSE and NSE on October 28, 2026.
Jio Platforms IPO - Issue Details
Book-Built Issue (Fresh Issue only) Up to ₹30,213.00 crore Up to ₹30,213.00 crore Not Applicable ₹10 per share ₹1,065 to ₹1,119 per share 12 shares ₹13,428 (12 shares at the upper price) BSE, NSE 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 and 360 ONE WAM Limited. KFin Technologies Limited
Jio Platforms IPO Timeline (Tentative)
Event Date
Subscription Opening Date - 21 October 2026
Subscription Closing Date - 23 October 2026
Basis of Allotment Date - 26 October 2026
Refund Initiation Date - 27 October 2026
Credit of Shares - 27 October 2026
Listing on BSE and NSE - 28 October 2026
The company intends to utilise the net proceeds from the fresh issue towards:
Prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, Reliance Jio Infocomm Limited (RJIL) General corporate purposes
About Jio Platforms Limited
Founded in 2019, Jio Platforms Limited focuses on providing digital connectivity and technology services across India. Its subsidiary, Reliance Jio Infocomm Limited (RJIL), offers mobile and fixed broadband services alongside digital solutions spanning entertainment, cloud, smart homes, gaming, enterprise services and AI-based applications. As of March 31, 2026, RJIL served 524.4 million customers across the country.
Jio Platforms has developed an in-house, end-to-end technology ecosystem covering network infrastructure, devices, software, operating systems and digital applications. This integrated model supports faster product development, reduces dependence on external vendors and enables the large-scale deployment of 4G, 5G, cloud and AI technologies. Through this approach, the company has established a presence across India's digital infrastructure and services landscape.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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