Mumbai, 21 October: Jio Platforms Rs 30,213 crore initial public offering (IPO) opens on October 21, marking India’s largest public issue. Mukesh Ambani-led Reliance Group is bringing a major business to the stock market after nearly two decades.
Here is everything investors should know.
What Is An IPO?
An Initial Public Offering allows a company to sell shares to the public. Investors become shareholders, while the company’s shares can subsequently trade on stock exchanges.
When Will Jio IPO Open?
The IPO opens October 21 and closes October 23. Share allotment is scheduled for October 26, while listing on BSE and NSE is expected October 28.
What Is The Minimum Investment?
The price band is Rs 1,065–1,119 per share. One lot contains 12 shares, requiring a minimum investment of Rs 13,428 at the upper price.
Retail investors can apply for up to 14 lots.
How Big Is The IPO?
At Rs 30,213 crore, Jio’s IPO surpasses Hyundai Motor India’s Rs 27,870 crore offering and LIC’s Rs 21,000 crore issue.
Jio Platforms’ estimated valuation reaches Rs 10.3 lakh crore at the upper price.
Where Will IPO Proceeds Go?
The issue reportedly comprises fresh shares, with existing investors retaining their holdings.
Approximately Rs 27,500 crore will fund early repayment of Reliance Jio Infocomm’s debt. Remaining proceeds will support corporate requirements.
How Much Does Jio Earn?
Jio Platforms reported FY26 revenue of Rs 1,46,885 crore, compared with Rs 1,09,558 crore in FY24.
Profit increased from Rs 21,423 crore to Rs 30,049 crore. Average monthly revenue per user reached Rs 214.
How Many Customers Does Jio Have?
Jio had 52.44 crore subscribers in March 2026, including 26.85 crore 5G users. Its customer base has subsequently crossed 53 crore.
Who Owns Jio Platforms?
Reliance Industries holds 66.43 per cent, Meta owns approximately 9.98 per cent, and Google holds 7.73 per cent.
Other investors include KKR, Silver Lake and sovereign wealth funds.
What About Anchor Investors?
Around 212 anchor investors committed Rs 8,110 crore. LIC invested approximately Rs 500 crore, while international institutional investors also participated.
Will Reliance Shareholders Receive Free Shares?
No. Eligible Reliance shareholders must apply and pay for shares through the reserved Rs 2,500 crore quota.
Employees have a separate Rs 500 crore reservation and receive a Rs 54 discount per share.
Should Investors Apply?
Investors should examine the Red Herring Prospectus, valuations, financial performance and associated risks.
Grey market premiums are unofficial indicators and do not guarantee listing gains.
