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  5. Jio Platforms IPO opens Oct 21, price band set at ₹1,065 to ₹1,119 per share; check lot size

Market News

Jio Platforms IPO opens Oct 21, price band set at ₹1,065 to ₹1,119 per share; check lot size

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 14, 2026, 20:52 IST

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SUMMARY

Jio Platforms filed the red herring prospectus (RHP) with the Registrar of Companies, Gujarat, at Ahmedabad, for the IPO.

Reliance Industries holds about a 66.4% stake in Jio Platforms. | Image: Shutterstock

Reliance Industries holds about a 66.4% stake in Jio Platforms. | Image: Shutterstock

The much-awaited initial public offering of Jio Platforms Ltd, a subsidiary of Reliance Industries Ltd (RIL), will open for subscription on October 21, RIL said in an exchange filing. The price band has been set at ₹1,065 to ₹1,119 per share.

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Jio Platforms, which is India's largest ever IPO at ₹30,213 crore, filed the red herring prospectus (RHP) on October 14 with the Registrar of Companies, Gujarat, at Ahmedabad, for the IPO.

The bidding for anchor investors will take place on October 19. The issue will conclude on October 23.

The initial share sale is a fresh issuance of up to 27 crore shares of ₹10 face value each.

The proceeds will be used for debt clearance of the material subsidiary, Reliance Jio Infocomm (RJIL), and general corporate purposes.

Jio Platforms IPO: Lot size

Retail investors can apply for a minimum of 12 shares and in multiples thereafter.

The company has announced a discount of ₹54 per share for eligible employees bidding under the reserved quota.

The IPO consists a reservation of equity shares of Jio Platforms for a value not exceeding ₹500 crore for subscription by the eligible employees.

The issue also includes a reservation of shares "for a value not exceeding ₹2,500 crore for subscription by the eligible RIL shareholders, i.e., individuals and HUFs (directly or in the name of karta) who are the public equity shareholders of the Company (excluding such persons who are not eligible to invest in the IPO under applicable laws, rules, regulations and guidelines), as on the date of the filing of the RHP by JPL, i.e., October 14, 2026."

Jio Platforms IPO: A look at its strengths and risks

Jio Platforms IPO: Key dates

EventDate
Subscription periodOctober 21 to October 23
Basis of allotmentOctober 26
Initiation of RefundsOctober 27
Credit of Shares to DematOctober 27
Listing dateOctober 28

For the financial year 2026-27, Jio Platforms reported a 15% increased in post-tax profit to ₹30,053 crore and a 14.5% rise in revenue from operations to ₹1,46,885 crore.

The issue has 19 book-running lead managers, including Morgan Stanley, Kotak Mahindra Capital, BofA Securities, JP Morgan and Goldman Sachs. KFin Technologies serves as the registrar.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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