Mumbai : Jio Platforms Ltd (JPL), the Reliance Industries-controlled digital services company that houses telecom operator Reliance Jio, is set to launch what could become India’s largest-ever initial public offering (IPO), aiming to raise ₹30,213 crore at the upper end of its proposed price band.
According to details provided in the company’s regulatory filing, the IPO will open for subscription on October 21 and close on October 23, 2026. The price band has been fixed at ₹1,065–₹1,119 per share, valuing the company at approximately ₹10.3 trillion at the upper end.
If fully subscribed, the offering would surpass Hyundai Motor India’s ₹27,800 crore IPO launched in October 2024, making it the largest public issue in India to date.
Jio Platforms IPO: Key Dates and Details
The proposed offering marks a major milestone for India’s telecom and digital services sector, nearly a decade after Reliance Jio transformed the domestic mobile market with low-cost data and voice services.
Key details of the IPO include:
- IPO opening date: October 21, 2026
- IPO closing date: October 23, 2026
- Price band: ₹1,065–₹1,119 per share
- Proposed issue size: Up to ₹30,213 crore
- Valuation at the upper price band: Approximately ₹10.3 trillion
- Anchor investor bidding: October 19, 2026
- Face value: ₹10 per equity share
The fresh issue comprises up to 270 million equity shares, each with a face value of ₹10. Jio Platforms has filed its red herring prospectus with the Registrar of Companies in Gujarat.
Employee and Shareholder Reservations
Jio Platforms has reserved shares worth ₹500 crore for eligible employees and ₹2,500 crore for eligible shareholders, including individuals and Hindu Undivided Families (HUFs).
Eligible employees bidding under the employee reservation portion will receive a discount of ₹54 per share.
The minimum application lot has been set at 12 shares, with additional bids permitted in multiples of 12 shares. Investors should review the final offer documents for the complete eligibility criteria, application conditions and allocation details before applying.
A Landmark Listing Nearly a Decade After Jio’s Launch
Reliance Jio entered the Indian telecom market in 2016, triggering a major shift in the sector through free voice calls and affordable mobile data. Its expansion reshaped competition, accelerated data consumption and pushed telecom operators to rethink their pricing and service strategies.
Since then, Jio Platforms has expanded beyond mobile connectivity into broadband, enterprise services, cloud computing and artificial intelligence.
The proposed IPO would give public-market investors an opportunity to participate directly in the company’s growth story. Its size and valuation are also likely to draw significant attention from domestic and international investors.
Why the Jio Platforms IPO Matters
The proposed ₹30,213 crore offering comes as global equity fundraising faces pressure, while India’s primary market has continued to attract companies seeking capital.
A listing of this scale could become a major event for the domestic capital market, with implications for investor sentiment, IPO fundraising benchmarks and the valuation of large digital businesses.
However, the final outcome will depend on investor demand, market conditions and the terms set out in the offer documents. The proposed issue size and valuation should not be interpreted as a guarantee of subscription levels or post-listing performance.
What Investors Should Watch
Investors evaluating the IPO should examine the company’s financial performance, growth prospects, competitive position, risks and valuation before making an investment decision.
The price band alone does not establish whether the shares are attractively valued. Subscription data, disclosures in the red herring prospectus and broader market conditions will be important factors to monitor during the offer period.
If the issue proceeds as outlined and attracts sufficient demand, Jio Platforms could set a new benchmark for IPO fundraising in India.
This report is based on the information supplied about the proposed offering. Investors should verify the latest dates, price band, issue size and other details against the company’s official offer documents and stock-exchange disclosures.
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