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Jio Platforms IPO May Open October 21, List October 28
Jio Platforms may soon sell shares to the public, but it has not officially confirmed the dates.
Reuters sources say people may be able to apply from October 21, and the shares could list on October 28.
The company plans to issue 27 crore new shares.
Reports say it hopes to raise nearly Rs 37,700 crore.
A large part of the money would go toward paying off debt.
Some shares are set aside for large investors, smaller institutions, everyday investors, and eligible employees.
Jio reported higher revenue and profit in FY26 than in the previous year.
Jio Platforms provides telecom and digital services in India.
Reuters sources say Jio Platforms may open its IPO for subscriptions on October 21 and list on October 28; the company has not officially announced the dates.
The draft prospectus describes a fresh issue of 27 crore equity shares, each with a face value of Rs 10.
Reports estimate the offering could raise nearly Rs 37,700 crore, potentially making it India’s largest public issue.
Jio plans to use Rs 27,500 crore of the proceeds to prepay debts and certain borrowings of its subsidiary Reliance Jio Infocomm.
For FY26, revenue from operations was Rs 1.46 lakh crore and restated consolidated profit was Rs 30,049 crore.
- Who
- Jio Platforms, a subsidiary of Reliance Industries.
- What
- A proposed IPO of 27 crore fresh equity shares.
- Where
- The shares are expected to list on the BSE and NSE.
- When
- Reuters sources say subscriptions may open October 21 and listing may take place October 28; no official dates have been announced.
- Why
- The company plans to use Rs 27,500 crore of the proceeds to prepay debts and certain borrowings of Reliance Jio Infocomm, with the remainder likely for general corporate purposes.
Key facts
- Proposed subscription opening
- October 21, according to Reuters sources; not officially announced.
- Expected listing
- October 28 on the BSE and NSE, according to Reuters sources.
- Fresh issue
- 27 crore equity shares, each with a face value of Rs 10.
- Estimated fundraising
- Nearly Rs 37,700 crore, according to reports cited in the article.
- Debt prepayment allocation
- Rs 27,500 crore for debts and certain outstanding borrowings of Reliance Jio Infocomm.
- FY26 revenue from operations
- Rs 1.46 lakh crore, compared with Rs 1.28 lakh crore in the previous year.
- FY26 restated consolidated profit
- Rs 30,049 crore, up 15% from Rs 26,109 crore in FY25.
Sources
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