Quick answer: the Jio Platforms IPO is open from 21 to 23 October 2026. The price band is ₹1,065 to ₹1,119 per share, the minimum bid is one lot of 12 shares (about ₹13,428), and the issue raises up to ₹30,213 crore through fresh shares only. Allotment is expected on 26 October and listing on NSE and BSE on 28 October.
This article explains the facts of the issue. It is not investment advice. Read the Red Herring Prospectus (RHP) and consider speaking to a SEBI-registered adviser before you invest.
Jio Platforms IPO at a glance
| Opens | Wednesday, 21 October 2026 |
| Closes | Friday, 23 October 2026 |
| Price band | ₹1,065 – ₹1,119 per share |
| Face value | ₹10 per share |
| Lot size | 12 shares (₹13,428 at the upper band) |
| Issue size | Up to 27 crore shares, about ₹30,213 crore |
| Type | Book-built, 100% fresh issue (no offer for sale) |
| Employee discount | ₹54 per share for eligible employees |
| Allotment | 26 October 2026 (expected) |
| Refunds and demat credit | 27 October 2026 |
| Listing | 28 October 2026 on NSE and BSE (tentative) |
| Registrar | KFin Technologies |
How big is this IPO?
At about ₹30,213 crore, this is one of the largest IPOs India has seen. Jio Platforms will have about 920.9 crore shares after the issue. At the upper price band, that works out to a market value of roughly ₹10.3 lakh crore (our own calculation from the share count and price band).
What will the money be used for?
- Paying off part of the borrowings of Reliance Jio Infocomm Ltd (RJIL), its main telecom subsidiary.
- General corporate purposes.
Because it is a fresh issue, all the money goes to the company rather than to existing shareholders selling their stake.
Jio’s financials in brief
| Consolidated (₹ crore) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from operations | 1,09,558 | 1,28,218 | 1,46,885 |
| EBITDA | 54,959 | 64,170 | 76,255 |
| Profit after tax | 21,423 | 26,109 | 30,049 |
| Total borrowings | 54,349 | 73,060 | 70,781 |
Jio’s telecom arm served about 53.3 crore customers as of 30 June 2026, and EBITDA margins have stayed around 50–52%.
Key risks listed in the offer documents
- Dependence on telecom licences and spectrum, and the cost of renewing or buying more.
- Heavy reliance on one subsidiary, RJIL, for almost all revenue and profit.
- Agreements with Reliance group companies, including Reliance Retail as the sole distributor of prepaid services.
- Network outages, fast technology change and new competition, including satellite broadband.
How to apply
- Log in to your broker app (Zerodha, Groww, Upstox, Angel One and others) or your bank’s net banking (ASBA).
- Open the IPO section and choose Jio Platforms.
- Enter the number of lots and your bid price. Retail investors can tick “cut-off” to bid at the final price.
- Approve the UPI mandate on your UPI app before the cut-off time on 23 October. Your money stays blocked, not debited, until allotment.
Retail investors can apply for up to ₹2 lakh. If the retail portion is oversubscribed, allotment is decided by a computerised lottery that tries to give one lot to as many applicants as possible.
Frequently asked questions
What is the Jio Platforms IPO price band?
₹1,065 to ₹1,119 per share.
What is the minimum investment?
One lot of 12 shares, about ₹13,428 at the upper end of the price band.
When is the Jio IPO allotment date?
The basis of allotment is expected on 26 October 2026.
When will Jio Platforms list?
Tentatively on 28 October 2026, on both NSE and BSE.
Who is the registrar?
KFin Technologies. You can check allotment status on its website after 26 October.
Sources: Groww; Paytm Money (RHP data); Inc42. Figures from the offer documents as reported; dates may change. Not investment advice.
