Archive · 5 Oct 2026
Jio Platforms IPO May Open October 21, Set for Record Listing
Jio Platforms is planning to 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, with trading expected to begin on October 28.
The company plans to issue up to 27 crore new shares.
Reports estimate it could raise about Rs 37,700 crore, which would make it India's biggest IPO.
Jio says much of the money will help pay debts held by its telecom subsidiary.
The remaining money is likely to be used for general company needs.
Some shares are set aside for large investors, smaller institutions, everyday investors, and eligible employees.
Jio Platforms reported higher revenue and profit in FY26 than in FY25.
Reuters sources say Jio Platforms may open its IPO on October 21 and list on October 28; the dates have not been officially announced.
The proposed offer is a fresh issue of up to 27 crore shares, each with a face value of Rs 10.
Reports estimate the issue could raise about Rs 37,700 crore, potentially surpassing Hyundai Motor India's 2024 IPO as India's largest listing.
Jio plans to use Rs 27,500 crore to prepay debt and certain borrowings of subsidiary Reliance Jio Infocomm; the remaining proceeds are likely for general corporate purposes.
Jio Platforms reported FY26 revenue of Rs 1.46 lakh crore and restated consolidated profit of Rs 30,049 crore, up 15% year on year.
- Who
- Jio Platforms, the digital services arm of Reliance Industries.
- What
- A proposed IPO of up to 27 crore fresh equity shares.
- When
- Reuters sources say subscriptions may open October 21 and shares may list October 28; no official dates have been announced.
- Where
- The shares are expected to list on the BSE and NSE.
- Why
- The company plans to use Rs 27,500 crore to prepay debt and certain borrowings of Reliance Jio Infocomm, with remaining proceeds likely for general corporate purposes.
Reported IPO plans
Official status
IPO dates
Reported IPO plans
Reuters sources say subscriptions may open October 21 and the shares may list October 28.
Official status
Jio Platforms and Reliance have not officially announced or confirmed the dates.
- 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
- Up to 27 crore equity shares, each with a face value of Rs 10; about 2.9% of post-issue paid-up equity capital.
- Estimated fundraising
- About Rs 37,700 crore, according to reports.
- Estimated valuation
- $143–146 billion, or at least Rs 12 lakh crore, according to banking and other sources cited by PTI.
- Debt prepayment allocation
- Rs 27,500 crore for debts and certain outstanding borrowings of Reliance Jio Infocomm.
- FY26 financial results
- Revenue from operations of Rs 1.46 lakh crore and restated consolidated profit of Rs 30,049 crore, up 15% year on year.
- Issue reservations
- Up to 50% for QIBs, around 15% for non-institutional buyers, and nearly 35% for retail individual investors; eligible employees may also bid under an employee reservation.
