Jio Platforms is raising ₹30,213 crore through its initial public offering (IPO), which consists solely of a fresh issuance of 27 crore shares. The IPO has attracted significant investor interest, with subscription levels reaching 5.73 times as of the final day of bidding on October 23, 2026. The allotment status is expected to be finalized on October 26, with the shares set to list on stock exchanges on October 28.
- The IPO is a fresh issue with no offer for sale (OFS) component.
- Subscription is 5.73 times overall, led by qualified institutional buyers (QIBs).
- QIB portion subscribed 13.29 times; non-institutional investors 6.47 times; retail investors 1.62 times.
- Price band set between ₹1,065 and ₹1,119 per share, with a lot size of 12 shares.
- Proceeds will mainly repay borrowings of Reliance Jio Infocomm Ltd (RJIL).
What is the Jio Platforms IPO about?
Jio Platforms is a technology company that integrates digital connectivity with consumer and enterprise digital services. Its offerings include mobile networks, fixed broadband, cloud services, applications, and proprietary technology. The IPO is a fresh issuance of 27 crore shares aimed at raising ₹30,213 crore. There is no offer for sale component, meaning the shares are newly issued rather than existing shares being sold by current shareholders.
How has the IPO been subscribed so far?
As of October 23, 2026, the IPO has been subscribed 5.73 times. This means that investors have applied for more than five times the number of shares available. Qualified institutional buyers (QIBs) led the subscription with 13.29 times oversubscription. Non-institutional investors subscribed 6.47 times, while retail investors subscribed 1.62 times. This strong demand reflects confidence in Jio Platforms' business model and growth prospects.
What will the IPO proceeds be used for?
The majority of the funds raised, approximately ₹27,500 crore, will be used to repay borrowings of Reliance Jio Infocomm Ltd (RJIL), Jio Platforms' wholly owned telecom subsidiary. The remaining proceeds will be allocated for general corporate purposes. This financial strategy aims to strengthen the company's balance sheet and support future growth initiatives.
When will the IPO allotment and listing occur?
The allotment of shares is expected to be finalized on October 26, 2026. Following this, the shares will be listed on stock exchanges on October 28, 2026. Investors who have applied for shares can check their subscription status and allotment results after the allotment date.
What are the key details about the IPO pricing and lot size?
The price band for the IPO is set between ₹1,065 and ₹1,119 per share. Investors can apply for shares in lots of 12 shares each. This pricing reflects the company's valuation and market demand, providing investors with an opportunity to participate in a leading digital and telecommunications company.
