The Jio Platforms IPO is likely to open for bidding on 21 October 2026 and close on 23 October. Listing on the BSE and the NSE would follow on 28 October. That is according to a report by Business Today on 5 October, which cited sources and said it could not independently verify the timetable. No price band has been announced yet.
Why those dates fall where they do
If the 21 October opening holds, the anchor book opens on Monday 19 October, as per the same report. Tuesday 20 October is a market holiday for Dussehra. So the anchor round and the first day of public bidding cannot sit back to back, as they usually do. The anchor book is the slot where large institutions buy a day early, at a price fixed by the company and its bankers. Their shares stay locked in for 30 and 90 days.
How big, and how big is that?
Jio Platforms may raise ₹37,000 crore to ₹38,000 crore, according to an Economic Times report quoted in that piece. At that size it would be India's largest IPO ever. The current record is Hyundai Motor India's ₹27,870 crore issue.
Our own tracker carries a reported size of about ₹32,300 crore. Even at that figure it is the biggest of the 18 IPO plans and filings we have logged this year. Treat all these numbers as reports. The final one comes only with the red herring prospectus.
The company has not settled the size, the price or the valuation yet. A call on the price band is expected in the coming week, after investor feedback, the report said. Until that band is public, nobody can work out a lot size or a minimum application amount.
What the money is for
The issue is to be entirely fresh shares, with no offer for sale. The full amount goes to the company. None of it goes to Reliance Industries or any other existing shareholder. Most is earmarked for debt. Jio Platforms plans to repay or prepay about ₹27,500 crore of borrowings at Reliance Jio Infocomm, its telecom arm. The rest is for general corporate purposes.
On the proposed structure, the report says half the offer is marked for institutional investors. The other half goes to retail and high-net-worth individuals. Within that, 35 per cent of the issue is meant for retail applications of up to ₹2 lakh.
The company behind the number
Reliance Jio Infocomm had 524.4 million customers as on 31 March 2026. That makes it India's largest telecom operator by subscribers. Jio Platforms has said it had 268.5 million 5G customers, and was the largest 5G standalone operator outside China. It also claims the world's largest fixed wireless access base outside China, about 15 million subscribers, roughly 1.5 times T-Mobile's. Fixed wireless access is home broadband sent over a mobile network instead of a cable.
What happens next
Jio Platforms filed its draft papers with SEBI in June 2026. SEBI's final observations came on 28 August, which cleared the way for the issue. The next real milestone is the red herring prospectus, with the price band, dates and lot size in it.
As we wrote on 2 October, valuation talk has been in the $143 billion to $146 billion range, and the papers were expected around 12 October. Confirmed dates, band and lot size will go up on our upcoming mainboard IPO page the moment they are filed. The tentative timetable is set out here.
