Jio Platforms IPO: Price Band, Dates, Lot Size & Full Details
Key Highlights
Jio Platforms IPO (₹30213 cr) opens Oct 21–23 at ₹1065–1119. Check lot size, financials, risks, allotment steps, listing date and FAQs in one place.
Last updated: Thu, Oct 15, 2026, 6:36 PM IST
- dates: Wed, Oct 21, 2026 to Fri, Oct 23, 2026
- Price band: ₹1065 to ₹1119 per share
- Lot size: 12 shares (₹13,428 at the upper band)
- Issue size: ₹30,213 crore
Jio Platforms Ltd., a technology platform providing digital connectivity and services, is raising ₹30,213 crore through its IPO. The issue opens on Wed, Oct 21, 2026, and closes on Fri, Oct 23, 2026, at a price band of ₹1065 to ₹1119 per share. The company operates a large-scale network infrastructure with 360,382 network towers and over 1.0 million route kilometres of fibre. Investors can find more details regarding the issue timeline and process on ThePip IPO calendar. Here is everything you need to know about the Jio Platforms IPO.
Jio Platforms IPO Details
| Field | Value |
|---|---|
| IPO date | Wed, Oct 21, 2026 to Fri, Oct 23, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹1065 to ₹1119 per share |
| Lot size | 12 shares |
| Total issue size | 27,00,00,000 shares (₹30,213 crore) |
| Listing at | & |
| Lead managers | Kotak Mahindra Capital Co Ltd, Morgan Stanley India Co Pvt Ltd, Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt Ltd., CLSA India Pvt Ltd, Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.), Goldman Sachs (India) Securities Pvt Ltd, HDFC Bank Ltd., HSBC Securities and Capital Markets (India) Pvt Ltd., ICICI Securities Ltd, IIFL Capital Services Ltd., Jefferies India Pvt Ltd., JM Financial Ltd., JP Morgan India Pvt Ltd, SBI Capital Markets Ltd, UBS Securities India Pvt Ltd, 360 ONE WAM Ltd. |
| KFIN Technologies Ltd. |
Jio Platforms IPO Timeline
| Event | Date |
|---|---|
| Anchor bidding | Tue, Oct 20, 2026 (tentative) |
| IPO opens | Wed, Oct 21, 2026 |
| IPO closes | Fri, Oct 23, 2026 |
| UPI mandate cut-off | Fri, Oct 23, 2026, 5 PM |
| Basis of allotment | Mon, Oct 26, 2026 (tentative) |
| Refunds initiated | Tue, Oct 27, 2026 (tentative) |
| Shares credited to demat | Tue, Oct 27, 2026 (tentative) |
| Listing date | Wed, Oct 28, 2026 (tentative) |
Dates other than IPO open, close and listing follow SEBI’s standard T+3 listing schedule (T = the close date) and can shift for exchange holidays.
Jio Platforms IPO and
| Application | Lots | Shares | Amount (₹, at upper band) |
|---|---|---|---|
| (minimum) | 1 | 12 | 13,428 |
| Retail (maximum) | 14 | 168 | 1,87,992 |
| sNII (minimum) | 15 | 180 | 2,01,420 |
| sNII (maximum) | 74 | 888 | 9,93,672 |
| bNII (minimum) | 75 | 900 | 10,07,100 |
For example, at the upper price band of ₹1119, one lot of 12 shares needs ₹13,428 (12 × ₹1119). Retail investors can apply for up to 14 lots (₹1,87,992), within the ₹2 lakh retail limit.
About Jio Platforms
Jio Platforms is a technology company that provides digital connectivity and digital services. As per the DRHP, it serves 524.4 million customers as of March 31, 2026. The company earns revenue through a multi-layered architecture including mobile and fixed broadband, entertainment, cloud, managed services, IoT, and CPaaS. Launched in 2016, the company operates a large-scale network infrastructure with 360,382 network towers and over 1.0 million route kilometres of fibre. It has achieved this scale in just 10 years since its inception.
The platform creates multiple monetisation layers from its comprehensive portfolio of offerings across digital connectivity and digital services. Its digital connectivity forms the fundamental pillar of India’s growing digital economy. The company maintains a culture of pioneering and innovation, which drives its execution engine excellence. It operates as a nation-scale digital gateway to India, supported by deep-rooted engineering capabilities and full-stack proprietary technology.
Jio Platforms Financial Performance
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| from operations (₹ crore) | 1,46,885.30 | 1,28,218.40 | 1,09,558.10 |
| Total income (₹ crore) | 1,49,884.50 | 1,29,333.00 | 1,10,183.30 |
| Profit after tax (₹ crore) | 30,052.70 | 26,120.30 | 21,434.00 |
| Net worth (₹ crore) | 3,35,976.90 | 3,05,047.40 | 2,78,286.40 |
| Total borrowings (₹ crore) | 14,597.40 | 23,445.40 | 7,458.20 |
| (₹) | 33.63 | 29.21 | 23.96 |
- Revenue from operations grew 17% in FY 2024-25 and 14.6% in FY 2025-26, reflecting a consistent upward trajectory in the company’s top-line performance over the last two years.
- Profit after tax grew 21.9% in FY 2024-25 and 15.1% in FY 2025-26, indicating that the company has maintained steady growth in its bottom-line profitability during this period.
- The margin stood at 19.56% in FY 2023-24, 20.37% in FY 2024-25, and 20.46% in FY 2025-26, showing a gradual improvement in the company’s operational efficiency.
- The debt-to-equity ratio was 0.04x in FY 2025-26, with total borrowings reducing to ₹14,597.40 crore against a net worth of ₹3,35,976.90 crore, highlighting a strong balance sheet position.
Jio Platforms IPO Valuation and Key Ratios
| Metric | Value |
|---|---|
| Return on equity, FY 2025-26 (%) | 9.40 |
| Debt-to-equity, FY 2025-26 (x) | 0.04 |
| PAT margin, FY 2025-26 (%) | 20.46 |
The company reported a return on equity of 9.40% and a PAT margin of 20.46% for FY 2025-26. Its debt-to-equity ratio stands at 0.04x. The DRHP compares the company with listed peers Bharti Airtel Limited and Vodafone Idea Limited. According to the peer comparison summary, Bharti Airtel Limited reported an EPS of ₹45.96 and a ratio of 42.27, while Vodafone Idea Limited reported an EPS of ₹3.21 and a P/E ratio of 4.65.
and Shareholding
Promoters: Reliance Industries Ltd..
| Holder | Pre-issue % | Post-issue % |
|---|---|---|
| Promoter & promoter group | 66.43% | — |
| 33.57% | — |
The promoter of the company is Reliance Industries Ltd. Before the issue, the promoter and promoter group held 66.43% of the company’s equity, while the public held 33.57%. The post-issue shareholding pattern will be determined after the completion of the IPO process.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary | 27,500.00 |
The IPO is a fresh issue of up to 270,000,000 equity shares. The company intends to use ₹27,500.00 crore of the net proceeds for the prepayment, in full or in part, of certain outstanding borrowings availed by its material subsidiary, RJIL. Any remaining funds will be used for general corporate purposes, capped at 25% of the gross proceeds.
Strengths and Risks
Strengths
- The company operates as a technology firm with deep-rooted engineering capabilities and an end-to-end proprietary 5G stack.
- It serves as a nation-scale digital gateway to India, having achieved its current scale within 10 years of its 2016 launch.
- The company maintains a future-ready network infrastructure, including access to 360,382 network towers as of March 31, 2026.
- It has a proven track record of scale, growth, and profitability, supported by a strong balance sheet.
Risks
- The company faces intense competition from other telecom service providers who may offer different pricing models.
- There are outstanding legal proceedings involving the company, its subsidiaries, the promoter, directors, and key managerial personnel.
- The company operates within an evolving legal and regulatory framework regarding data privacy and protection.
- The promoter will continue to hold a substantial shareholding in the company upon completion of the issue, which may create potential conflicts.
- The trading volume and market price of the equity shares may be volatile following the listing.
Things Investors Should Know
- The minimum investment required is ₹13,428 for one lot of 12 shares at the upper price band of ₹1119.
- The IPO opens on Wed, Oct 21, 2026, and closes on Fri, Oct 23, 2026.
- The UPI mandate cut-off for retail investors is Fri, Oct 23, 2026, at 5 PM.
- The registrar for the issue is KFIN Technologies Ltd.
- The issue is managed by a syndicate of lead managers including Kotak Mahindra Capital and Morgan Stanley India.
- The promoter, Reliance Industries Ltd., is involved in various legal proceedings, including SFIO complaints and CBI FIRs.
How to Check Jio Platforms IPO Allotment Status
- Registrar: open the IPO allotment status page of KFIN Technologies Ltd., select Jio Platforms, and enter your PAN, application number or DP/client ID.
- BSE: on bseindia.com, open the IPO allotment status page, choose “Equity”, select the issue name, and enter your application number and PAN.
- NSE: look up the issue on nseindia.com and use its application status option with your application number and PAN.
- Broker or UPI app: most brokers and UPI apps also show whether your application was allotted.
If you are not allotted shares, the amount blocked in your bank account through ASBA or your UPI mandate is released after the refund date. No money is debited.
Jio Platforms IPO Listing Details
| Field | Value |
|---|---|
| Exchanges | NSE & BSE |
Jio Platforms IPO FAQs
What is the Jio Platforms IPO price band?
The price band for the Jio Platforms IPO is set between ₹1065 and ₹1119 per share. Most retail investors typically bid at the upper end of the price band to increase their chances of allotment. The face value of each equity share is ₹10.
When does the Jio Platforms IPO open and close?
The Jio Platforms IPO is scheduled to open for subscription on Wed, Oct 21, 2026. The issue will remain open for three days and is set to close on Fri, Oct 23, 2026. Investors must ensure their bids are placed before the close of the issue.
What is the Jio Platforms IPO lot size and minimum investment?
The lot size for the IPO is 12 shares. This means you must apply for at least 12 shares or in multiples thereof. At the upper price band of ₹1119 per share, the minimum investment amount for a retail investor is ₹13,428 per lot.
What is the Jio Platforms IPO allotment date and how do I check allotment status?
The tentative date for the basis of allotment is Mon, Oct 26, 2026. Once the allotment is finalised, you can check your status on the website of the registrar, KFIN Technologies Ltd., or through the official portals of the NSE and BSE using your PAN or application number.
Who are the promoters of Jio Platforms and how much will they hold after the IPO?
The promoter of Jio Platforms is Reliance Industries Ltd. Before the IPO, the promoter and promoter group held 66.43% of the company’s total equity. The exact post-issue shareholding percentage will be determined and disclosed once the subscription process is concluded and the final allotment is completed.
How will Jio Platforms use the IPO money?
The company plans to use the proceeds from the fresh issue primarily for the prepayment of certain outstanding borrowings availed by its material subsidiary, RJIL, amounting to ₹27,500.00 crore. Any remaining funds will be allocated towards general corporate purposes, subject to a limit of 25% of the gross proceeds.
Who is the registrar and lead manager of the Jio Platforms IPO?
The registrar for the IPO is KFIN Technologies Ltd. The issue is managed by a large group of lead managers, including Kotak Mahindra Capital, Morgan Stanley India, Axis Capital, BNP Paribas, Citigroup, CLSA, Dam Capital, Goldman Sachs, HDFC Bank, HSBC, ICICI Securities, IIFL, Jefferies, JM Financial, JP Morgan, SBI Capital, UBS, and 360 ONE WAM.
Is the Jio Platforms IPO a fresh issue or an offer for sale?
The Jio Platforms IPO consists of a fresh issue of up to 270,000,000 equity shares. In a fresh issue, the company issues new shares to the public, and the capital raised goes directly to the company to fund its business objectives, rather than to existing shareholders.
What are the key risks of the Jio Platforms IPO?
Key risks include intense competition in the telecom sector, potential technological obsolescence, and data privacy vulnerabilities. Additionally, the company and its promoter face various outstanding legal proceedings, including criminal complaints and civil litigation. There is also the risk of market price volatility for the shares following the listing.
This article is for information only and is not investment advice. Business, risk and litigation details are as per the company’s DRHP; issue, financial and exchange data are from ThePip’s IPO database as of Thu, Oct 15, 2026, 6:36 PM IST. IPO investments are subject to market risks; read the offer document carefully before investing.