Jio Platforms IPO: Here's how to apply under Reliance Industries shareholders’ quota

Jio Platforms IPO key details

Jio Platforms IPO is set to become India's largest-ever public offering in terms of issue size, surpassing the Hyundai Motor India IPO which came in October, 2024 (₹27,858.7 crore).

Jio Platforms IPO comprises fresh issue of 27 crore shares worth ₹30,213 crore with estimated market capitalisation of ₹10.30 lakh crore at the upper end of the price band.

Jio Platforms IPO shareholder quota

Jio Platforms IPO has reserved shares under different investor categories. Around 35% of the net issue or ₹10,574.5 crore is reserved for Retail Individual Investors (RIIs). Qualified Institutional Buyers (QIB) category has not more than 50% of the net issue or ₹15,106.5 crore. Non-Institutional Investors (NII) has 15% of the net issue or ₹4,531.9 crore.

Jio Platforms IPO will have separate reservation for Reliance Industries (RIL) shareholders. The company has reserved shares worth up to ₹2,500 crore (12% of total issue) for eligible RIL shareholders.

Who is eligible for Jio Platforms shareholder quota?

As per Jio Platforms IPO RHP, investors who held Reliance Industries shares on or before October 14, 2026, the date on which Jio Platforms filed its RHP will be eligible to apply under the shareholder quota for Jio Platforms IPO.

Jio Platforms shareholder quota is only available for Individual investors and Hindu Undivided Families (HUFs) investors.

How many RIL shares are enough to be eligible for IPO?

Investors holding even one share of Reliance Industries can apply under Jio Platforms shareholder quota. Meanwhile, the maximum application amount under the shareholder category is ₹2 lakh.

Jio Platforms IPO also allow RIL shareholders to submit two separate applications under the same PAN without any risk of rejection. Investors can apply for Jio Platforms IPO under the RIL shareholders category (up to ₹2 lakh) and under retail category (up to ₹2 lakh) or NII category (above ₹2 lakh).

Why is shareholder quota important for investors?

A shareholder quota is a portion of an IPO reserved exclusively for existing shareholders of the parent company. Companies use shareholder quotas to reward long-term investors who already own shares in the parent company.

Shareholder quota is important because it gives investors an additional opportunity to receive shares in an IPO that is expected to be heavily oversubscribed. Eligible shareholders can apply for the IPO under the shareholder category in addition to the regular retail or NII category, which improves the chances of getting an allotment.

Does shareholder quota increase IPO allotment chances?

As per experts applying under the shareholder quota increase the odds of getting the allotment. However, it does not guarantee share allotment.

Allotment chances are boosted as Reliance Industries shareholders has option to apply under multiple categories (shareholder, retail or non-institutional). But final IPO allotment will largely depend on number of applications received.

If the overall IPO is oversubscribed multiple times, including shareholder category then in such scenario the share allotment will be based on proportionate basis.

How to apply for Jio Platforms IPO under shareholder quota?

Investors are apply for Jio Platforms IPO via their broker app or using bank’s ASBA facility. Investors need to selet “RIL Shareholder” as category to be eligible for consideration under the shareholder quota.

After this step, enter the Jio Platforms IPO bid amount (₹13,428 per lot) and cut-off price section and later approve the IPO mandate to block the fund for Jio Platforms IPO.

About Jio Platforms IPO

Jio Platforms is a technology-driven company offering digital connectivity and technology solutions across India through its subsidiary, Reliance Jio Infocomm Limited. The company has used proprietary digital technology to build its platform and has nationwide connectivity infrastructure.

The company through its subsidiary, Reliance Jio Infocomm Limited (RJIL) served 53.33 crore customers in India as of June 30, 2026. The customer base has grown from 48.18 crore in FY24 to 53.33 crore in Q1FY27 and stood at 52.44 crore in FY26. Average Revenue Per User (ARPU) improved from ₹181.7 in FY24 to ₹215.6 in Q1FY27. In FY26, Reliance Jio ARPU stood at ₹214. Average monthly data consumption per user increased from 28.7 GB in FY24 to 43.7 GB in Q1FY27.

Jio Platforms is backed by Reliance Industries Limited (RIL), which was India's largest private sector company by market capitalisation. In September 2016, the company launched its commercial 4G services using VoLTE technology and was among first few operators globally to launch 4G voice on this technology.

Jio Platforms network infrastructure included access to 360,537 towers, most of which were fibreised, and approximately 57 lakhs deployed cells. Its fibre network spans more than 10 lakhs route kilometres, making it the largest among private digital connectivity providers in India.

Its consumer services connectivity portfolio includes 4G and 5G mobile services, JioFiber and JioAirFiber, with broadband speeds of up to 1 Gbps. Its digital entertainment offerings include JioTV+, which aggregates more than 1,000 digital TV channels and 15 OTT services, and JioSaavn, which offers more than 10 crore songs. JioGames gives access to more than 3,700 game titles, while JioAICloud has approximately 6.60 crore registered users. Through JioPC which launched in 2025, the company has expanded its portfolio into cloud-based computing. Its JioBharat phone, priced at ₹799, targets the 26.10 crore users who remain on 2G networks.

Jio Platforms financials

Jio Platforms IPO objective

• Repayment of borrowings: The company will utilise ₹27,500 crore towards repayment of certain outstanding borrowings of its material subsidiary RJIL during FY27.
• General corporate purposes: The company will utilise part of the net IPO proceeds for general corporate purposes and issue expenses.

As per the management, the company will become virtually debt-free after this IPO as ₹27,500 crore from net IPO proceeds will be earmarked for repayment or prepayment of outstanding borrowings. The debt reduction will support next phase of growth and will also improve Jio's profitability by lowering interest expenses and strengthening free cash flow generation.