Jio Platforms has opened its initial public offering (IPO), marking India's largest public issue to date. The IPO started on October 21 and will close on October 23, 2026. Investors can subscribe to a fresh issuance of 27 crore shares, priced between ₹1,065 and ₹1,119 per share. This offering does not include any offer for sale (OFS) component.
- The IPO size is ₹30,213 crore, consisting solely of fresh shares.
- Subscription period: October 21 to October 23, 2026.
- Minimum lot size for retail investors is 12 shares.
- Half of the net offer is reserved for Qualified Institutional Buyers (QIBs).
- Funds raised will repay debt and support corporate purposes.
What is the structure of the Jio Platforms IPO?
The IPO is a fresh issuance of 27 crore shares by Jio Platforms Ltd, a digital technology and connectivity conglomerate incorporated in 2019. There is no offer for sale (OFS) involved, meaning existing shareholders are not selling their shares as part of this issue. Reliance Industries Ltd, led by Mukesh Ambani, will maintain majority ownership after the listing.
Who are the major investors in the IPO?
Several large institutional investors have secured significant allocations. The Life Insurance Corporation of India (LIC) received the largest allotment worth ₹499.98 crore. Other major investors include New World Fund Inc (₹486.27 crore), the Government of Singapore (₹340.93 crore), SBI Focused Fund (₹315 crore), and BNP Paribas Financial Markets - ODI (₹303.25 crore).
Domestic mutual funds were allotted 2.489 crore shares valued at ₹2,784.96 crore, while life insurers and pension funds received 97.4 lakh shares worth ₹1,089.95 crore. Global investment firms such as Capital Group, Fidelity, BlackRock, T. Rowe Price, JPMorgan Asset Management, Schroders, Franklin Templeton, and Janus Henderson also participated as anchor investors.
Sovereign and public investment institutions like the Monetary Authority of Singapore and the Abu Dhabi Investment Authority are among the long-term institutional investors involved.
How can retail investors participate in the IPO?
Retail investors can apply for a minimum of 12 shares and in multiples of 12 thereafter. The IPO allocates 35% of the net offer to retail investors, 15% to non-institutional investors (NIIs), and 50% to qualified institutional buyers (QIBs).
What will the funds raised be used for?
The ₹30,213 crore raised through the IPO will primarily be used to repay debt taken by Reliance Jio Infocomm Ltd, a material subsidiary of Jio Platforms. The remaining funds will support general corporate purposes, strengthening the company's financial position.
What are the key dates for the IPO?
| Event | Date |
|---|---|
| Subscription Period | October 21 to October 23, 2026 |
| Credit of Shares to Demat Accounts | October 27, 2026 |
Subscription status updates for the first day will be available after 10 am on October 21.
What is Jio Platforms?
Incorporated in 2019, Jio Platforms is a technology company focused on digital connectivity, digital services, and technology-led solutions in India. It is a subsidiary of Reliance Industries Ltd and plays a key role in India's digital ecosystem.
