Jio Platforms IPO subscribed 3 times
The issue opened for bidding on 21 October 2026 and will close on 23 October 2026. The price band of the IPO is fixed between Rs 1,065 and 1,119 per share. An investor can bid for a minimum of 12 equity shares and multiples thereof.
The IPO is entirely a fresh issue of shares worth Rs 30,213 crore at the upper price band of Rs 1119. There is no OFS component. At the upper end of the price band, the company is expected to be valued at Rs 10,30,490.55 crore post listing.
The funds of Rs 27,500 crore raised will be used for prepayment, in full or in part, of certain outstanding borrowings availed by the subsidiary, RJIL and the balance will be utilised for general corporate purposes.
Ahead of the IPO, Jio Platforms on Monday, 19 October 2026, raised Rs 8,109.84 crore from anchor investors. The board allotted 7.24 crore shares at Rs 1,119 each to 212 anchor investors.
Jio Platforms (JPL) is a technology company focused on digital connectivity, digital services and technology-led solutions in India. Subsidiary Reliance Jio Infocomm (RJIL) served 533.3 million customers as of June 30, 2026. It 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 (video/music streaming and cloud gaming provided by the company, RJIL and Saavn Media bundled with connectivity plans), 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.
RIL held majority (66.43% pre issue and 64.48% post issue) equity stake in JPL. JPL derives significant comfort and flexibility from its strong and resourceful parent, RIL, which is India?s largest private sector enterprise with businesses across energy, materials value chain, and leadership position in consumer-facing Indian retail and telecom sectors. RIL is the flagship company of the Reliance (Mukesh D. Ambani) group.
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. A nationwide distribution network and partnerships is leveraged to expand access to digital services.
For the quarter ended 30 June 2026, sales rose 11.82% year-on-year to Rs 39,172.90 crore. Net profit increased 9.14% to Rs 7,765 crore, compared with Rs 7,114.70 crore in the corresponding quarter of the previous year.
For FY2026, consolidated sales climbed 14.6% YoY to Rs 1,46,885.30 crore compared with Rs 128,218.40 crore posted in FY25, while profit after tax (PAT) advanced 15.1% to Rs 30,049.10 crore in FY26 from Rs 26,109 crore in FY2025.
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