Jio Platforms IPO
Jio Platforms IPO Details
-
Open Date
21 Oct 2026
-
Close Date
23 Oct 2026
- IPO Price Range
₹ 1065 to ₹1119
- IPO Size
₹ 30,213.00 Cr
Jio Platforms IPO Timeline
Last Updated: 15 October 2026 12:28 PM by 5paisa
Reliance Jio has redefined India’s digital transformation since its debut in 2016. A subsidiary of Reliance Industries, Jio pioneered mass-market 4G connectivity with affordable data plans and free calling, sparking what is now referred to as the “Jio Effect.” Today, Jio is India's largest telecom operator, offering a suite of services across 4G, 5G, broadband, smart devices, and a comprehensive digital ecosystem. Beyond telecom, Jio is steering key innovations in AI, smart homes, and digital business solutions. The company recently crossed 500 million users and announced bold expansion plans, including an imminent IPO, reinforcing its role as a foundational player in India’s digital future.
Established in: 2016
Managing Director: Pankaj M. Pawar
Peers:
| Metric | Jio Platforms Limited | Bharti Airtel Limited | Vodafone Idea Limited |
|---|---|---|---|
| Face Value (₹ per share) | 10 | 5 | 10 |
| Revenue from Operations (₹ Cr) | 146885.3 | 210972.8 | 44873.0 |
| EPS (Basic) (₹) | 33.63 | 45.96 | 3.21 |
| EPS (Diluted) (₹) | 33.59 | 44.37 | 3.21 |
| P/E | - | 40.71 | 3.99 |
| Return on Net Worth (RoNW) (%) | 9.42 | 20.32 | NM$ |
| NAV | 373.66 | 244.60 | -3.30 |
Jio Platforms Objectives
1. Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL
2. General corporate purposes
Jio Platforms IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹30,213.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹30,213.00 Cr |
Jio Platforms Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 12 | 12780 |
| Retail (Max) | 14 | 168 | 187992 |
| S - HNI (Min) | 15 | 180 | 191700 |
| S - HNI (Max) | 74 | 888 | 993672 |
| B - HNI (Min) | 75 | 900 | 958500 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 109558.1 | 128218.41 | 146885.3 |
| EBITDA | 54958.7 | 64170.0 | 76255.4 |
| PAT | 21423.2 | 26109.0 | 30049.1 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 539580.4 | 581233.8 | 615594.0 |
| Share Capital | 8939.0 | 8939.0 | 8939.0 |
| Total Liabilities | 260158.7 | 275052.6 | 278517.8 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 57661.6 | 68155.7 | 77556.3 |
| Net Cash Generated From / (used in) Investing Activities | -56587.6 | -63726.4 | -43590.9 |
| Net Cash Generated From / (used in) Financing Activities | 379.3 | 1093.3 | -25419.0 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1453.3 | 5522.6 | 8546.4 |
Strengths
1. Market leader with massive subscriber base
2. Strong ARPU growth after tariff hikes
3. Backed by Reliance and global tech partners
4. Integrated digital ecosystem beyond telecom
Weaknesses
1. High capital expenditure requirements ongoing
2. Regulatory dependence in telecom pricing
3. Profitability sensitive to industry tariff cycles
4. Complex structure spanning multiple digital verticals
Opportunities
1. AI, cloud, and enterprise digitisation growth
2. Rising data consumption across rural India
3. Home broadband and smart home expansion
4. Potential overseas expansion in emerging markets
Threats
1. Intense industry competition impacting margins
2. Regulatory changes affecting spectrum economics
3. Technology disruption requiring continuous investments
4. Valuation risks if growth slows post-IPO
1. India’s largest telecom and digital platform
2. Strong revenue visibility with rising ARPU
3. Positioned for AI-led digital transformation
4. Landmark IPO with long-term compounding potential
India’s telecom and digital services industry is entering a high-growth phase driven by rising data usage, 5G adoption, AI integration, and enterprise digitisation. With over 900 million internet users and deeper digital penetration across rural markets, demand for affordable connectivity, cloud solutions, and digital platforms remains strong. Jio’s scale, network leadership, and platform approach position it to capture long-term industry growth.
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FAQs
Jio Platforms IPO opens from October 21, 2026 to October 23, 2026.
The size of Jio Platforms IPO is ₹30,213 Cr
The price band of Jio Platforms IPO is fixed at ₹1,065 to ₹1,119 per share.
Once the Reliance Jio IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Reliance Jio IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Reliance Jio IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Jio Platforms IPO is of 12 shares and the investment required is ₹12780.
The share allotment date of Jio Platforms IPO is October 26, 2026
The Jio Platforms IPO will likely be listed on October 28, 2026.
Kotak Mahindra Capital Co.Ltd is the book running lead managers for Jio Platforms IPO.
Jio Platforms IPO plans to utilise the raised capital from the IPO for:
1. Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL
2. General corporate purposes