Next week, two major companies, Jio Platforms and Paras Healthcare, will open their initial public offerings (IPOs) for subscription. Together, they aim to raise more than ₹31,000 crore, with shares to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
- Jio Platforms plans to raise ₹30,213 crore through a fresh issue of 27 crore shares.
- Paras Healthcare aims to raise ₹1,450 crore via a combination of fresh issuance and offer for sale.
- Both IPOs open on October 21 and close on October 23, 2026.
- Shares will be listed on NSE and BSE after the subscription period.
- Retail investors can apply for a minimum of 12 shares in Jio Platforms and 21 shares in Paras Healthcare.
What are the details of the Jio Platforms IPO?
Jio Platforms, the digital and telecom arm of Reliance Industries, is launching India's largest-ever IPO. The issue price band is set between ₹1,065 and ₹1,119 per share. The company plans to raise ₹30,213 crore through a fresh issuance of 27 crore shares.
The net proceeds will be used to repay certain outstanding borrowings by Reliance Jio Infocomm Ltd, a material subsidiary, and for general corporate purposes. Jio Platforms offers mobile, fixed broadband, and digital services, leveraging its strong engineering and proprietary technology capabilities.
Retail investors can apply for at least 12 shares and in multiples thereafter.
What should investors know about the Paras Healthcare IPO?
Paras Healthcare is launching an IPO worth ₹1,450 crore, opening on October 21 and closing on October 23, 2026. The price band is fixed between ₹660 and ₹693 per share.
The IPO consists of a fresh issuance of 71.15 lakh shares valued at ₹500 crore and an offer for sale (OFS) of 1.37 crore shares worth ₹950 crore by promoters Dr. Dharminder Kumar Nagar and Commelina.
Proceeds from the fresh issue will be used to repay debt of the company and its wholly-owned subsidiary PMHPL, as well as for general corporate purposes. The minimum lot size for retail investors is 21 shares and multiples thereafter.
Paras Healthcare operates a network of eight hospitals across five states and one Union Territory in India. Its hospitals are located in Patna and Darbhanga (Bihar), Gurugram and Panchkula (Haryana), Udaipur (Rajasthan), Ranchi (Jharkhand), Kanpur (Uttar Pradesh), and Srinagar (Jammu and Kashmir).
Which other companies have listings scheduled next week?
Besides Jio Platforms and Paras Healthcare, nine other companies have listings scheduled next week. These include HD Fire Protect, Fusion CX, Sahajanand Medical Technologies, Tonbo Imaging, Bonfiglioli Transmissions, Zetwerk, Shellz India, Vaibhav Vyapaar, and Ravita Engineering Services.
Frequently Asked Questions
Q: When do the Jio Platforms and Paras Healthcare IPOs open and close?
A: Both IPOs open on October 21, 2026, and close on October 23, 2026.
Q: What is the minimum number of shares retail investors can apply for?
A: Retail investors can apply for a minimum of 12 shares in Jio Platforms and 21 shares in Paras Healthcare.
Q: What will the companies use the IPO proceeds for?
A: Jio Platforms will use the funds to repay borrowings of its subsidiary and for general corporate purposes. Paras Healthcare will use the proceeds to repay debt and for general corporate purposes.
