Reliance Industries’ digital and telecom arm is targeting a valuation of around US$108.3 billion, with the fresh share issue expected to raise up to Rs 30,213 crore.
Jio Platforms has fixed the price band for its initial public offering (IPO) at Rs 1,065 to Rs 1,119 per share, setting a key financial detail ahead of its stock-market debut. The offering could raise approximately Rs 30,213 crore at the upper end of the band, making it the largest IPO in India if completed at the planned size.
The price band was announced on 14 October, with Reuters reporting the details on 15 October. Jio Platforms’ Red Herring Prospectus (RHP) and abridged prospectus are listed on the Securities and Exchange Board of India (SEBI) website, providing investors with the formal offer documents.
The IPO will open for public subscription on Wednesday, 21 October 2026, and close on Friday, 23 October. Anchor investor bidding is scheduled for Monday, 19 October.
Jio Platforms IPO: Price Band and Key Dates
The company is offering up to 27 crore fresh equity shares with a face value of Rs 10 each. At the upper price band of Rs 1,119, the issue would raise approximately Rs 30,213 crore if the full number of shares is issued. At the lower band of Rs 1,065, the corresponding amount would be around Rs 28,755 crore.
| IPO detail | Information |
|---|---|
| Company | Jio Platforms Ltd |
| Price band | Rs 1,065–Rs 1,119 per share |
| Issue size | Up to 27 crore shares |
| Issue type | Fresh issue |
| Potential proceeds at upper band | Rs 30,213 crore |
| Anchor bidding | 19 October 2026 |
| IPO opening date | 21 October 2026 |
| IPO closing date | 23 October 2026 |
| Expected listing | 28 October 2026, subject to the exchange schedule |
Investors must bid for a minimum of 12 shares and in multiples of 12 thereafter, according to the published offer details. At the upper price band, one lot would cost Rs 13,428 before any applicable charges. Investors should check the RHP and final issue documents for the complete bidding and allocation conditions.
Jio Platforms Valuation Reaches Around US$108 Billion
At Rs 1,119 per share, Jio Platforms is seeking a valuation of approximately US$108.3 billion, equivalent to around Rs 10.3 lakh crore at the exchange rate cited in market reports. The valuation reflects the company’s position as one of India’s largest telecom and digital-services businesses.
The issue is structured as a fresh share sale rather than an offer for sale by existing shareholders. That means Jio Platforms will issue new shares and receive the proceeds, subject to the final terms of the offering. The company has indicated that a substantial portion of the proceeds will be used to repay or prepay debt at Reliance Jio Infocomm, with the remainder allocated to general corporate purposes.
The IPO also includes reserved portions for eligible employees and Reliance Industries shareholders, subject to the terms and eligibility requirements specified in the offer documents. Investors should rely on the RHP for the final reservation limits, discount details and applicable cut-off dates.
Jio’s Subscriber Base and Digital Business
Jio Platforms is the holding company for Reliance Industries’ telecom and digital initiatives, including Reliance Jio Infocomm, which operates the mobile and broadband network business. Its activities extend beyond mobile connectivity to fixed broadband, enterprise services, cloud-related offerings and digital applications.
The company reported 533.3 million subscribers as of 30 June 2026, according to Reuters. It also accounts for nearly 60% of India’s data traffic, underlining its scale in the country’s telecom market. The company’s business performance will be an important consideration for investors assessing the IPO valuation.
Jio’s growth prospects are linked to data consumption, 5G adoption, broadband expansion and the monetisation of digital services. At the same time, investors will need to consider its capital requirements, competitive conditions, regulatory exposure and the risks disclosed in its prospectus.
What Investors Should Check Before Applying
The announced price band gives prospective investors a clearer basis for evaluating the offer, but it does not by itself determine whether the IPO is attractively priced. Investors should examine the company’s financial statements, debt position, use of proceeds, risk factors and valuation assumptions before making a decision.
The RHP also sets out risks associated with regulation, technology, cybersecurity, customer retention and future business expansion. These disclosures matter because Jio Platforms operates in a capital-intensive and closely regulated sector, where network investment and competition can affect future returns.
With the price band now established, attention will turn to subscription demand, the allocation process and the expected listing. The final outcome will depend on investor participation and the offer’s completion under the published terms.
