Jio Platforms IPO Date, Price Band and Key Details

Key Takeaways

• Jio Platforms filed its Red Herring Prospectus (RHP) with SEBI in October 2026, following its DRHP submission on 19 June 2026 and receipt of SEBI's observation letter on 28 August 2026.
• The Jio Platforms IPO is scheduled to open on 21 October 2026 and close on 23 October 2026, with a price band of ₹1,065–₹1,119 per equity share, as per the latest offer disclosures.
• The IPO comprises a fresh issue of up to 27 crore equity shares, aggregating to ₹30,213 crore at the upper price band, with no offer for sale by existing shareholders.
• Retail investors can apply for a minimum of 12 shares, requiring an investment of ₹12,780 at the upper price band. The shares are expected to list on the BSE and NSE on 28 October 2026.

Jio Platforms Limited, the digital services subsidiary of Reliance Industries Limited (RIL), has filed its Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI), bringing its proposed initial public offering (IPO) closer to launch. The public issue is scheduled to open on 21 October 2026 and close on 23 October 2026, with a price band of ₹1,065 to ₹1,119 per equity share.

According to the latest offer details, Jio Platforms plans to raise up to ₹30,213 crore through a fresh issue of equity shares. The company's shares are expected to be listed on the BSE and NSE on 28 October 2026.

The latest disclosures provide further clarity on the subscription schedule, issue size, pricing and minimum investment requirements. These details follow the company's earlier Draft Red Herring Prospectus (DRHP) filing in June 2026 and the subsequent receipt of SEBI's observation letter in August.

Jio Platforms IPO Dates and Subscription Schedule

The Jio Platforms IPO will remain open for public subscription for three days, from 21 October to 23 October 2026. The company has also outlined the expected timetable for allotment, refunds and listing.

Jio Platforms IPO Price Band and Minimum Investment

The Jio Platforms IPO price band has been fixed at ₹1,065 to ₹1,119 per equity share. Investors can submit bids within this range during the subscription period.

The minimum application size for retail investors is one lot comprising 12 equity shares. At the lower end of the price band, one lot would cost ₹12,780, while at the upper end, the amount would be ₹13,428.

Jio Platforms IPO Issue Size and Offer Structure

The proposed IPO comprises a fresh issue of up to 27 crore equity shares, with a total issue value of up to ₹30,213 crore at the upper end of the announced price band.

Unlike an offer for sale (OFS), where existing shareholders sell their holdings, the Jio Platforms IPO consists entirely of newly issued equity shares. Consequently, the proceeds, after deducting applicable offer expenses, will be received by the company.

According to the disclosed objectives of the issue, Jio Platforms intends to utilise the net proceeds primarily for the repayment or prepayment, in full or in part, of certain outstanding borrowings of its material subsidiary, Reliance Jio Infocomm Limited (RJIL). The remaining funds are proposed to be used for general corporate purposes.

Jio Platforms Financial Performance

Jio Platforms has reported growth in revenue and profitability over the past three financial years. According to the financial information presented in the IPO disclosures, the company's consolidated revenue from operations reached ₹1,46,885.30 crore in FY26, compared with ₹1,28,218.41 crore in FY25.

Profit after tax increased to ₹30,049.10 crore in FY26 from ₹26,109 crore in the preceding financial year.

About Jio Platforms Limited

Jio Platforms is a subsidiary of Reliance Industries and operates across telecommunications, broadband connectivity and digital services through its subsidiaries and associated businesses.

Its principal telecom subsidiary, Reliance Jio Infocomm, provides mobile connectivity services across India. The wider business also includes fixed broadband, enterprise connectivity and digital technology services.

The company has expanded its operations through investments in network infrastructure, 5G connectivity and home broadband services. These businesses form an important part of its operations and revenue base.

Conclusion

With its RHP filed and the issue terms announced, Jio Platforms is preparing to enter the public markets through an IPO of up to ₹30,213 crore. The subscription window will run from 21 October to 23 October 2026, at a price band of ₹1,065–₹1,119 per share.

The offer is entirely a fresh issue, with the proceeds intended for specified debt repayment and general corporate purposes. Investors considering participation should review the company's RHP, financial disclosures, risk factors and final issue announcements before applying.