Jio Platforms IPO Opens Today: India’s Largest Public Issue, Price Band at ₹1,119
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries Ltd, opened its initial public offering (IPO) for investors on Wednesday, October 21. The company aims to raise ₹30,213 crore through the issue, making it India’s largest IPO. The price band has been fixed at ₹1,065 to ₹1,119 per share. The IPO will remain open until October 23, 2026.
Jio IPO: Dates and Price Details
The IPO will offer around 27 crore fresh equity shares. There is no offer-for-sale component, which means the shares are being issued by the company to raise new funds. At the upper end of the price band, Jio Platforms is valued at around ₹10.3 lakh crore. The issue size is higher than Hyundai Motor India’s ₹27,860-crore IPO, which was launched in October 2024.
The minimum application is for 12 shares, which costs ₹13,428 at the upper price of ₹1,119 per share. The IPO opened on October 21 and will close on October 23. The shares are reportedly expected to be listed on the stock exchanges on October 28, 2026.
How Jio Platforms Plans to Use the Funds
The money raised through the IPO will mainly help repay debt taken by Reliance Jio Infocomm Ltd, a key telecom subsidiary of Jio Platforms. A part of the funds will also be used for general corporate purposes. The company’s telecom and digital businesses form a major part of Reliance Industries wider business operations.
Jio Platforms provides digital and connectivity services through its telecom business and other technology operations. Its business areas include mobile services, broadband and digital platforms. The company is reportedly looking at opportunities in areas such as cloud services and artificial intelligence as demand for digital technology grows.
Before the public issue opened, Jio Platforms raised around ₹8,109.84 crore from 212 anchor investors. These investors included major domestic and international financial institutions. The anchor investment took place ahead of the public offering and drew attention to the scale of the issue. The IPO is a major development in India’s stock market because of its size and the role of Jio Platforms in the country’s telecom and digital sectors.
