Jio Platforms has set the Jio Platforms IPO price band at ₹1,065 to ₹1,119 a share. At the upper end the fresh issue of up to 27 crore shares raises ₹30,213 crore, which would make it India's largest public offer. The issue opens on 21 October 2026.
Jio Platforms IPO key facts
| Item | Detail |
|---|---|
| Price band | ₹1,065 to ₹1,119 per share |
| Issue size | ₹30,213 crore at the upper band |
| Structure | Fresh issue of up to 27 crore shares, no offer for sale |
| Lot size | 12 shares |
| One lot at upper band | ₹13,428 |
| Anchor bidding | 19 October |
| Opens / closes | 21 October / 23 October |
| Listing | 28 October on NSE and BSE |
The company's IPO committee approved the band on 14 October, as per the Reliance Industries filing carried by Moneycontrol. Bids go in multiples of 12 shares. Eligible employees get a ₹54 per share discount.
How big is it?
Hyundai Motor India's 2024 issue of ₹27,859 crore holds the record today. Jio's issue is about ₹2,350 crore larger. LIC's ₹20,557 crore IPO was an offer for sale. Jio's is fresh capital only, so the money goes to the company, not to selling shareholders.
Up to ₹500 crore is reserved for eligible Jio Platforms employees. Up to ₹2,500 crore is reserved for eligible Reliance Industries shareholders. At the upper band, Inc42 puts the valuation at about ₹10.3 lakh crore. Reliance Industries holds 66.43% before the issue.
Where the money goes
Inc42 reports that ₹27,500 crore is meant to prepay borrowings of Reliance Jio Infocomm, the telecom subsidiary. The other ₹2,713 crore is for general corporate purposes. Our record of the offer document lists the same two uses without an amount split.
What our data shows
The grey market quote on our tracker was ₹206 on 15 October, after ₹218 on 13 October and ₹171 on 10 October. Against the ₹1,119 upper band, ₹206 is about 18%. GMP is an unofficial dealer quote, not an exchange price. On the last 10 mainboard listings, the final GMP was off by 11 percentage points on average. It overstated the listing gain five times and understated it five times. Across 2026, 66 of 100 mainboard listings opened above the issue price, with a median gain of 6.92%. You can follow the daily quote on the Jio Platforms GMP page.
What happens next
Anchor bidding is on 19 October. Public bidding runs from 21 to 23 October, and shares are due to list on 28 October. The registrar is KFin Technologies. Dates and the full offer details sit on the Jio Platforms IPO page. Our earlier note on the RHP filing covers the structure.
