Jio Platforms IPO 2026: Latest News, Expected Dates, Issue Size and DRHP Details

Key Takeaways

• Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with SEBI on 19 June 2026. The company subsequently received SEBI's observation letter on 28 August. 
• The proposed IPO consists of up to 27 crore fresh equity shares. There is no offer for sale by existing shareholders under the structure outlined in the DRHP. 
• Reports suggest that the issue could open on 21 October 2026, with an indicative price band of ₹1,065–₹1,119. The company has yet to confirm these details through its final offer documents. 
• Jio Platforms recorded consolidated revenue of ₹1,46,885.3 crore and profit after tax of ₹30,049.1 crore in FY26. 

Jio Platforms IPO: Where Things Stand 

Jio Platforms ipo is moving closer to its stock market debut. The Reliance Industries subsidiary filed its DRHP on 19 June 2026 and received SEBI's observation letter on 28 August, completing an important step in the public issue process. 

The final offer terms, however, are still awaited. 

Media reports in October have pointed to a possible subscription window of 21–23 October 2026 and a listing on 28 October. An indicative price band of ₹1,065–₹1,119 per share has also been reported. None of these terms should be treated as final until they appear in the company's official issue announcements or subsequent offer documents. 

The IPO has drawn attention partly because of the business being brought to the market. Jio Platforms houses Reliance's principal digital connectivity operations, serving hundreds of millions of customers through Reliance Jio Infocomm Limited (RJIL). Its portfolio extends into home broadband, enterprise connectivity and digital technology services. 

Jio Platforms IPO 2026: Key Details

How Large Could the Jio Platforms IPO Be? 

The DRHP provides for a fresh issue of up to 27 crore equity shares. It does not specify the final rupee value of the offering. 

At the price band reported in the media, the full proposed share count would translate into gross issue proceeds of approximately ₹28,755 crore to ₹30,213 crore. These are indicative calculations based on reported prices and the maximum proposed share count, rather than a confirmed fundraising amount. 

The distinction matters. The final issue size will depend on the offer terms disclosed before subscription opens. 

There is also an important feature in the structure: no existing shareholder is proposing to sell shares through an offer for sale. The company would receive the proceeds of the fresh issue, after applicable expenses. 

According to the DRHP, part of the net proceeds is intended for the repayment or prepayment of certain outstanding borrowings of RJIL. The balance would support general corporate purposes. 

Who Owns Jio Platforms Before the IPO? 

Reliance Industries held 66.43% of Jio Platforms' equity before the proposed issue, according to the DRHP. 

Among the other shareholders are Jaadhu Holdings LLC, a Meta affiliate, with 9.98%, and Google International LLC with 7.73%. 

Investors associated with the Public Investment Fund of Saudi Arabia, KKR, Vista Equity Partners and Silver Lake also feature in the shareholding disclosures. 

These are pre-issue holdings. Once new shares are allotted, the percentage stakes of existing shareholders will change, even if they do not sell any shares. 

A Look at Jio Platforms' FY26 Financials 

The company reported consolidated revenue from operations of ₹1,46,885.3 crore in FY26, an increase of approximately 14.6% over the preceding year. 

Profit after tax reached ₹30,049.1 crore, compared with ₹26,109 crore in FY25. EBITDA increased to ₹76,255.4 crore from ₹64,170 crore. 

The operating scale is considerable. RJIL had 524.4 million customers as of 31 March 2026, including 268.5 million 5G customers. JioFiber and JioAirFiber together served another 27.1 million fixed broadband connections. 

These numbers provide context for the size of the business. The IPO price, once announced, will determine the valuation at which public investors can participate. 

What Happens After the SEBI Observation Letter? 

The next major document to watch is the Red Herring Prospectus (RHP), along with the official announcement of the price band and subscription schedule. 

Those disclosures will establish the final bidding dates, lot size, investor reservations and other issue mechanics. 

Receiving SEBI's observation letter is a regulatory milestone. It should not be interpreted as an endorsement of the investment or a guarantee of future share performance. 

Until the final documents are released, the June DRHP remains the principal source for Jio Platforms' disclosed business information, historical financials and risk factors.