Archive · 10 Oct 2026
Jio Platforms Sets Reported IPO Price Band for October Listing
Jio Platforms is planning to sell shares to the public.
Reports say each share may cost between ₹1,065 and ₹1,119.
The company could be worth up to ₹10.3 lakh crore.
If the shares are sold at the top of that range, Jio could raise about ₹30,200 crore.
The reported plan is to open the sale to large investors on October 19, 2026.
Other people could apply from October 21 to October 23.
The shares are expected to start trading on October 28.
The dates and prices are not final and could change.
If the reported plan goes ahead, the sale would be larger than Hyundai Motor India’s 2024 IPO.
Bloomberg reports Jio Platforms is considering a price band of ₹1,065–₹1,119 per share.
The company is targeting a valuation of up to ₹10.3 lakh crore and could raise about ₹30,200 crore at the upper price.
The reported schedule has the anchor book opening October 19 and public subscriptions running October 21–23, 2026.
Shares are expected to list on October 28, though the reported price, valuation and timing could change.
The proposed issue could exceed Hyundai Motor India’s ₹27,858.75-crore IPO, India’s largest to date.
- Who
- Jio Platforms Ltd., the telecom and digital services arm of Reliance Industries Ltd.
- What
- A proposed IPO with a reported price band of ₹1,065–₹1,119 per share and a target valuation of up to ₹10.3 lakh crore.
- When
- The reported anchor-book opening is October 19, 2026; public subscriptions are expected October 21–23, with listing expected October 28.
- Where
- India.
- Why
- The articles report that Jio Platforms is preparing a public share sale; they do not state a specific reason for the IPO.
Reasons for optimism
Caveats and valuation concerns
Scale of the offering
Reasons for optimism
At the reported size, Jio’s IPO could become India’s largest, surpassing Hyundai Motor India’s 2024 share sale.
Caveats and valuation concerns
The reported valuation is below some earlier expectations, and the details remain under deliberation and could change.
Investor appetite and valuation
Reasons for optimism
The proposed issue would be a major offering in a market described as one of the world’s busiest for equity fundraising.
Caveats and valuation concerns
The article says a selloff in Indian stocks has tempered IPO pricing expectations and describes the offering as a test of investor appetite.
- Reported price band
- ₹1,065–₹1,119 per share
- Target valuation
- Up to ₹10.3 lakh crore, or about $106 billion in one report
- Potential proceeds
- About ₹30,200 crore at the upper end; one article estimates up to ₹30,213 crore
- Proposed issue
- Up to 27 crore fresh shares; one report says there is no offer-for-sale component
- Reported dates
- Anchor book: October 19, 2026; public subscription: October 21–23; expected listing: October 28
- Status
- Jio has not officially announced the reported terms; price, valuation and timing may change
- IPO comparison
- Hyundai Motor India raised ₹27,858.75 crore in October 2024, according to one article
Sources
Jio Platforms IPO: How Reliance boss Mukesh Ambani's mega issue compares with India's 5 biggest IPOs; price band, size
Jio Platforms said to set IPO price band, listing likely in October
