Jio Platforms IPO: Expected Date, Price Band, Issue Size and Listing Explained
The IPO India's investors have waited years for is finally close. Jio Platforms, the Reliance-controlled digital and telecom business, is expected to open its initial public offering on October 21, 2026. At a reported size of around ₹37,700 crore, it would be the biggest IPO in Indian history, ahead of Hyundai Motor India's ₹27,859 crore issue in 2024.
Most details are still based on reports rather than the final prospectus, so it's worth separating what's confirmed from what's expected. Here's what we know about the Jio Platforms IPO so far. You can follow live and upcoming issues on the GoPocket IPO page.
Key Takeaways
- Expected subscription window: October 21 to 23, 2026, with listing targeted for October 28 (Reuters, via Outlook Money).
- Reported issue size: about $3.8 billion, or nearly ₹37,700 crore.
- Structure: entirely a fresh issue of up to 270 million shares; no offer for sale.
- Reported price band: ₹1,150–₹1,220 per share (Economic Times, via Outlook Money); final band due with the RHP.
- SEBI approved the issue on August 28, 2026; up to ₹27,500 crore may go towards repaying debt of Reliance Jio Infocomm.
Jio Platforms IPO: Expected Timeline
| Event | Expected date |
|---|---|
| Red Herring Prospectus (RHP) filing | After October 12, 2026 |
| Anchor book | October 19, 2026 |
| Subscription opens | October 21, 2026 |
| Subscription closes | October 23, 2026 |
| Basis of allotment | October 26, 2026 |
| Listing on BSE and NSE | October 28, 2026 |
Source: Reuters report, as cited by Outlook Money. All dates are tentative until the RHP is filed.
One date to keep in mind: October 20, the day before the issue is expected to open, is a stock market holiday for Dussehra. Funds for UPI bids should be ready in your bank account before the window opens.
Jio Platforms IPO Size and Structure
According to the draft prospectus, as reported by Outlook Money, Jio Platforms plans to issue up to 270 million new shares, about 2.90% of its post-issue equity. There is no offer for sale, so Reliance Industries and other existing shareholders are not selling. The money goes to the company.
A note of caution on the numbers: at the reported price band, 270 million shares would raise roughly ₹31,000–₹33,000 crore, not the ₹37,700 crore that's widely quoted. That gap could be explained by a different final price, share count or rupee conversion. Wait for the RHP before relying on any single figure.
What Will Jio Do With the Money?
Up to ₹27,500 crore may be used to prepay, fully or partly, certain borrowings of its main subsidiary, Reliance Jio Infocomm, according to the draft papers. The rest goes towards general corporate purposes. In plain terms, most of the IPO money would reduce debt rather than fund new projects. Lower debt means lower interest costs, which can support profits over time.
Who Owns Jio Platforms?
Before the IPO, Reliance Industries holds 66.43% of Jio Platforms and other shareholders hold 33.57%, as per the draft prospectus. Those other shareholders include global investors who bought stakes in 2020, when Jio Platforms raised over ₹1.5 lakh crore from companies such as Meta, Google, KKR and others. Because the IPO is a fresh issue, all existing holders will see their percentage stake diluted slightly.
If you hold Reliance shares, the IPO matters to you too. A listed Jio would put a market price on Reliance's biggest digital asset. We covered that angle in our article on the Reliance share price and Jio IPO impact. You can also track the Reliance Industries share price on GoPocket.
How Jio Compares With India's Largest IPOs
| IPO | Year | Issue size |
|---|---|---|
| Jio Platforms (reported) | 2026 | About ₹37,700 crore |
| Hyundai Motor India | 2024 | ₹27,859 crore |
| NSE | 2026 | ₹22,562 crore |
Source: Outlook Money.
How to Prepare to Apply for the Jio Platforms IPO
- Check your demat account: Make sure it's active and linked to your PAN.
- Keep your UPI ready: Retail IPO bids are made through UPI. The amount is blocked, not debited, until allotment.
- Read the RHP: It will confirm the price band, lot size, retail quota, financials and risk factors.
- Bid within the window: Expected October 21–23. Retail investors can choose the cut-off price option.
- Know the odds: In heavily subscribed issues, retail allotment is often decided by lottery, with one lot per successful applicant.
Follow updates on the GoPocket IPO page. The other mainboard IPO this month is HD Fire Protect, opening October 13.
Sources
- Outlook Money, Jio Platforms IPO: Launch Date, Issue Size, Price Band, Listing Date And Other Details, October 6, 2026 (citing Reuters and The Economic Times)
- Business Today, IPO Corner coverage, October 7, 2026
Disclaimer: This article is for information and educational purposes only. It is not a recommendation to subscribe or not subscribe to the Jio Platforms IPO or any other security. Issue details are based on media reports and may change; please read the Red Herring Prospectus and consult a SEBI-registered investment adviser before investing.
