Reliance Industries’ digital and telecom subsidiary, Jio Platforms, has filed its Red Herring Prospectus (RHP) for its much-anticipated initial public offering (IPO), paving the way for what could become India’s largest public issue. The IPO will open for subscription on October 21 and close on October 23, 2026. The company reportedly aims to raise around ₹30,000 crore.
Jio IPO Price Band and Issue Size
The Jio Platforms IPO is expected to have a price band of ₹1,065 to ₹1,119 per share. Reports have shown that the company plans to issue up to 27 crore fresh equity shares, potentially raising approximately ₹30,213 crore at the upper end of the price band. The offering does not include an offer for sale (OFS), meaning the proceeds will go to the company rather than existing shareholders selling their stakes.
Jio IPO Important Dates
The anchor investor bidding is scheduled for October 19, ahead of the public subscription period. The IPO will remain open for three days, from October 21 to October 23. The shares are expected to list on October 28, subject to the final schedule
Shareholder Quota and Use of Funds
The IPO is a reservation up to ₹2,500 crore for eligible Reliance Industries shareholders and ₹500 crore for eligible Jio Platforms employees. Reliance shareholders should check the eligibility criteria and relevant record date details in the offer documents before applying
Jio Platforms intends to use a substantial portion of the proceeds to repay borrowings at its telecom subsidiary, Reliance Jio Infocomm, with the remaining funds allocated towards general corporate purposes. The fundraising is expected to support the financial position of the company as it expands its digital services and network infrastructure.
Why the Jio Platforms IPO Matters
Jio Platforms has transformed the telecom market of India through the means of affordable mobile data, digital services and expanding connectivity . Its proposed listing will allow public market investors to participate in the business, which has attracted major global investors, including Meta and Google.
The IPO is also expected to draw major attention because of its potential size and valuation. However, investors should review the final offer documents, financial performance, valuation and associated risks before making an investment decision.
