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Jio Platforms $3.8B IPO Set for October 21: Key Details

By Business DeskJio Platforms $3.8B IPO Set for October 21: Key Details

Discover key details about the $3.8 billion Jio Platforms IPO launching October 21. Reliance Industries’ digital arm aims for a $146B valuation.

Jio Platforms is launching its $3.8 billion initial public offering on October 21, 2026. The digital services arm of Mukesh Ambani’s Reliance Industries is executing what is set to be the largest public offering in Indian market history.

Key Offering Figures

  • Issue Size: $3.8 billion
  • Opening Date: October 21, 2026
  • Closing Date: October 23, 2026
  • Expected Listing Date: October 28, 2026
  • Fresh Issue: Up to 27 crore equity shares
  • Face Value: ₹10 per share
  • Target Valuation: $143 billion to $146 billion

The book-built issue consists entirely of a fresh issue of shares with no offer for sale component. Jio Platforms intends to use the primary proceeds to prepay or repay outstanding borrowings of its telecom subsidiary, Reliance Jio Infocomm Limited, alongside general corporate purposes.

Scale And Financial Position

  • Customer Base: 524.4 million national customers as of March 31, 2026
  • Mobile Connections Market Share: 39.29%
  • Fixed-Line Market Share: 32.89%
  • FY26 Profit After Tax: ₹30,049.70 crore
  • FY25 Profit After Tax: ₹26,120.30 crore
  • Parent Ownership Stake: 66.4% by Reliance Industries

The company secured final observations on its draft proposal from the Securities and Exchange Board of India on August 28, 2026. Final IPO papers are slated for filing during the week starting October 12, 2026.

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