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To be declared

Wed, Oct 21, 2026

IPO Close

Fri, Oct 23, 2026

Price Band

₹1065 to ₹1119

Market Cap

₹10,30,490.55 Cr * on Upper Price

  • IPO Date
    21 to 23 Oct, 2026
  • Listing Date
    Wed, Oct 28, 2026 (T)
  • Face Value
    ₹10 per share
  • Price Band
    ₹1065 to ₹1119
  • Lot Size
    12 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Employee Discount
    ₹54.00
  • Total Issue Size
    27,00,00,000 shares (agg. up to ₹30,213 Cr)
  • Fresh Issue
    27,00,00,000 shares (agg. up to ₹30,213 Cr)
  • Share Holding Pre Issue
    8,93,90,30,830 shares
  • Share Holding Post Issue
    9,20,90,30,830 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Oct 21, 2026
  • Allotment
    Mon, Oct 26, 2026
  • Credit of Shares
    Tue, Oct 27, 2026
  • IPO Close
    Fri, Oct 23, 2026
  • Refund
    Tue, Oct 27, 2026
  • Listing
    Wed, Oct 28, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 12 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 12 ₹13,428
Retail (Max) 14 168 ₹1,87,992
S-HNI (Min) 15 180 ₹2,01,420
S-HNI (Max) 74 888 ₹9,93,672
B-HNI (Min) 75 900 ₹10,07,100

Investor Category Reservations

Category Limit Cut-off
RII Up to ₹2 Lakhs Yes
sNII ₹2 Lakhs – ₹10 Lakhs No
bNII Above ₹10 Lakhs No
Shareholder (SH) Up to ₹2 Lakhs Yes
Employee (EMP) Up to ₹5 Lakhs Yes
Employee + Shareholder Up to ₹2 Lakhs (SH) + Up to ₹5 Lakhs (EMP) Yes
Shareholder + RII/NII Up to ₹2 Lakhs (SH) + RII/NII limits Yes (SH/RII)
Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII)
Employee + Shareholder + RII/NII Upto ₹2 Lakhs (SH) + Upto ₹5 Lakhs (EMP) + RII/NII limits Yes (SH/EMP/RII)

Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:

  • Reliance Industries Ltd.

About Jio Platforms Ltd.

Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. The Company has developed proprietary digital technology and pan-India connectivity infrastructure to support the delivery of digital services to consumers and businesses. Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026.The Company operates through an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI). Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions. For businesses, it provides enterprise connectivity, cloud and security solutions, managed services, IoT applications and AI-based solutions. The Company’s proprietary technology capabilities span network infrastructure, device engineering, software, operating systems and digital applications.

The Company’s infrastructure includes pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks as of June 30, 2026. Its wireless broadband network covered more than 99% of India’s population. The Company and its subsidiaries had filed 7,220 patent applications, of which 1,043 had been granted, as of June 30, 2026. Its technology initiatives include an indigenous 5G technology stack, proprietary AI platform JioBrain and fixed wireless access technology. The Company also leverages a nationwide distribution network and partnerships to expand access to digital services.

As of June 30, 2026, the Company had 27,932 full-time employees and engaged 63,795 personnel on a contract basis. Its workforce includes teams across digital products and technology development, business operations, sales and distribution, customer service, network operations, and corporate functions.

Competitive Strengths

  • Leadership in digital connectivity and services across India.
  • Diversified portfolio of consumer and enterprise digital services.
  • Large and highly engaged customer base with nationwide reach.
  • Nationwide digital distribution network and strategic group synergies.
  • Proven ability to scale operations and deploy new technologies rapidly.
  • Extensive pan-India network infrastructure with 4G and 5G capabilities.
  • Proprietary technology platform with in-house engineering and full-stack capabilities.
  • Strong innovation capabilities supported by patents, AI and technology development.

Company Financials (Restated Consolidated)

Jio Platforms Ltd.’s revenue increased by 16% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 6,22,905.30 6,15,594.00 5,81,233.80 5,39,580.40
Total Income 40,197.90 1,49,759.10 1,29,333.00 1,10,175.40
Profit After Tax 7,764.10 30,052.70 26,120.30 21,434.00
EBITDA 20,864.50 76,255.40 64,170.00 54,958.70
NET Worth 3,41,778.50 3,34,013.40 3,04,022.40 2,77,866.10
Reserves and Surplus 3,32,839.50 3,25,074.40 2,95,083.40 2,68,927.10
Total Borrowing 61,372.20 70,781.00 73,060.30 54,348.90

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • 1 Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL
    27,500.00
  • 2 General corporate purposes.
  • Total
    27,500.00

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
RoNW 2.30% 9.42%
PAT Margin 19.82% 20.46%
EBITDA Margin 53.26% 51.91%
NAV 382.34 373.66
P/B (x) 2.93 2.99

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 33.62 33.72
P/E (x) 33.28 33.19
Market Cap at Offer Price ₹10,00,277.55 Cr. ₹10,30,490.55 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 66.43% 64.48%
Public 33.57% 35.52%
Total 100% 100%

Company Promoter: Reliance Industries Ltd.

Jio Platforms IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 1 0 0 0

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Kotak Mahindra Capital Co.Ltd.  (Past IPO Performance)
  2. Morgan Stanley India Co.Pvt.Ltd.  (Past IPO Performance)
  3. BOFA Securities India Ltd.  (Past IPO Performance)
  4. Axis Capital Ltd.  (Past IPO Performance)
  5. BNP Paribas  (Past IPO Performance)
  6. Citigroup Global Markets India Pvt.Ltd.  (Past IPO Performance)
  7. CLSA India Pvt.Ltd.  (Past IPO Performance)
  8. Dam Capital Advisors Ltd.  (Past IPO Performance)
  9. Goldman Sachs (India) Securities Pvt.Ltd.  (Past IPO Performance)
  10. HDFC Bank Ltd.  (Past IPO Performance)
  11. HSBC Securities & Capital Markets (India) Pvt.Ltd.  (Past IPO Performance)
  12. ICICI Securities Ltd.  (Past IPO Performance)
  13. IIFL Capital Services Ltd.  (Past IPO Performance)
  14. Jefferies India Pvt.Ltd.  (Past IPO Performance)
  15. JM Financial Ltd.  (Past IPO Performance)
  16. JP Morgan India Pvt.Ltd.  (Past IPO Performance)
  17. SBI Capital Markets Ltd.  (Past IPO Performance)
  18. UBS Securities India Pvt.Ltd.  (Past IPO Performance)
  19. 360 One WAM Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Jio Platforms Ltd. Address
Office – 101, Saffron,
Nr. Centre Point, Panchwati 5 Rasta,
Ambawadi
Ahmedabad, Gujarat, 380006

IPO FAQs

Jio Platforms IPO is a main-board IPO of 27,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹30,213 Crores. The issue is priced at ₹1065 to ₹1119. The minimum order quantity is 12.

The IPO opens on Wed, Oct 21, 2026, and closes on Fri, Oct 23, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Jio Platforms IPO using UPI as a payment gateway. Angel One customers can apply in Jio Platforms IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Jio Platforms IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Jio Platforms IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One IPO Application Process Review for more detail.

The Jio Platforms IPO opens on Wed, Oct 21, 2026 and closes on Fri, Oct 23, 2026.

Jio Platforms IPO lot size is 12, and the minimum amount required for application is ₹13,428.

You can apply in Jio Platforms IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Jio Platforms IPO will be done on Monday, October 26, 2026, and the allotted shares will be credited to your demat account by Tue, Oct 27, 2026. Check the Jio Platforms IPO allotment status.

The Jio Platforms IPO listing date is not yet announced. The tentative date of listing is Wed, Oct 28, 2026.

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