- Issue price
- ₹1,119per share
- Issue size
- 27,00,00,000 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- 12 sharesMin. ₹13,428 at the upper price
- Anchor biddingMon, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 27,00,00,000 shares
- Offer for sale
- None
- Total issue
- 27,00,00,000 shares
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 14 Oct 2026
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Anchor investors | — | — | — |
| Employees | — | — | — |
| Shareholders | — | — | — |
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Subscription
As of 23 Oct, 7:00 pm| Category | Shares offered | Shares bid | Times | Share of bids |
|---|---|---|---|---|
| Qualified institutional buyers (QIB) | 4,90,07,827 | 3,45,75,57,456 | 70.55× | 78.9% |
| Non-institutional investors (NII) | 3,64,44,569 | 51,03,55,128 | 14.00× | 11.6% |
| Big NII (above ₹10 lakh) | 2,42,96,380 | 38,61,67,752 | 15.89× | — |
| Small NII (₹2–10 lakh) | 1,21,48,189 | 12,41,87,376 | 10.22× | — |
| Retail individual investors | 8,50,37,327 | 23,11,62,888 | 2.72× | 5.3% |
| Employees | 46,94,835 | 1,37,43,348 | 2.93× | 0.3% |
| Shareholders | 2,23,41,376 | 16,97,96,748 | 7.60× | 3.9% |
| Total | 19,75,25,934 | 4,38,26,15,568 | 22.19× | — |
Times = shares bid ÷ shares offered in that category. Share of bids splits all shares bid (excluding anchor investors) by category.
How many applications get shares under SEBI's rules →
Source: NSE bid detailsUpdated
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹33.63
- EPS (diluted)
- ₹33.59
- RoNW
- 9.42%
- NAV per share (As on June 30, 2026)
- ₹382.34
- Debt to equity (As on June 30, 2026)
- 0.18
- EBITDA margin
- 51.91%
- PAT margin
- 20.46%
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 30 Jun 20253 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|---|
| Revenue from operations | 39,172.90 | 1,46,885.30 | 35,032.30 | 1,28,218.40 | 1,09,558.10 |
| Total income | 40,197.90 | 1,49,759.10 | 35,686.40 | 1,29,333.00 | 1,10,175.40 |
| EBITDA | 20,864.50 | 76,255.40 | 18,135.10 | 64,170.00 | 54,958.70 |
| Profit after tax | 7,764.10 | 30,049.10 | 7,110.10 | 26,109.00 | 21,423.20 |
| Net worth | 3,43,852.90 | 3,35,926.90 | — | 3,05,047.40 | 2,78,286.40 |
| Reserves and surplus | 3,34,856.00 | 3,27,037.90 | 3,03,128.10 | 2,96,108.40 | 2,69,347.40 |
| Total assets | 6,22,905.30 | 6,15,594.00 | 5,96,177.00 | 5,81,233.80 | 5,39,580.40 |
| Total borrowing | 61,372.20 | — | — | — | — |
FY 2025-26 vs FY 2024-25: revenue +14.6%, profit after tax +15.1%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 14 Oct 2026Updated
About the company
Holding company of Reliance Jio Infocomm, which runs a pan-India digital connectivity network (mobile, fixed broadband and fixed wireless) and a range of digital services and platforms. Its operating subsidiary had 533.3 million customers as of June 30, 2026. The company describes itself as a technology platform built on in-house technology.
- Incorporated
- 2019
- Industry
- Digital connectivity and digital services
- CIN
- U72900GJ2019PLC110816
- Website
- jio.com
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Reliance Industries Limited | 66.43% | — |
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Prepayment of part or all of certain borrowings of the material subsidiary Reliance Jio Infocomm | 27,500.00 |
| General corporate purposes (capped at 25% of gross proceeds) | Set with price |
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Bharti Airtel Limited | ₹45.96 | 40.71× | 20.32% | ₹244.6 |
| Vodafone Idea Limited | ₹3.21 | 3.99× | — | -₹3.3 |
| Jio Platforms LimitedIssuer | ₹33.63 | — | 9.42% | ₹373.66 |
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Builds much of its network and digital services stack in-house, with a large technology workforce and many patent applications.
- Holds a large customer base and a nationwide 4G and 5G network with broad spectrum holdings.
- Revenue and EBITDA have grown steadily over the last three fiscal years.
- Net leverage has declined over the period shown in the document.
- Reliance Retail is the sole distributor of its prepaid connectivity services, which supports wide physical reach.
Risks
- Depends on telecom licences and spectrum held by its subsidiary, which require renewal and carry future cost and regulatory uncertainty.
- Relies heavily on related-party arrangements with the promoter, Reliance Retail and Sanmina-SCI for services, capex and distribution.
- Revenue from prepaid connectivity is concentrated in a single distributor, Reliance Retail.
- Net proceeds may not be deployed as planned, as the use of proceeds has not been appraised by any independent agency.
- Trading price after listing may differ from the issue price, as there is no prior public market for the shares.
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 14 Oct 2026Updated
After listing
| Listing day | Open | High | Low | Close | Close vs issue price |
|---|---|---|---|---|---|
| 28 Oct 2026 | ₹1,358 | — | — | — | — |
Listing-day report: Jio Platforms IPO Listing: Strong Start at 21% Premium
Work out the gain or loss on allotted shares after charges and tax →
Source: Red Herring Prospectus dated 14 Oct 2026Updated
Frequently asked questions
When does the Jio Platforms IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 21 October 2026 and closes on Friday, 23 October 2026. These dates are tentative.
What is the Jio Platforms IPO price band?
The final issue price is ₹1,119 per share.
What is the lot size of the Jio Platforms IPO?
One lot is 12 shares, which is ₹13,428 at ₹1,119 per share.
Where will Jio Platforms shares list?
On NSE and BSE. The tentative listing date is Wednesday, 28 October 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Jio Platforms IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 26 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹27,500 Cr for prepayment of part or all of certain borrowings of the material subsidiary Reliance Jio Infocomm, and the rest for the other stated purposes.
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