Reliance’s Jio Platforms IPO Opens for Subscription Today (October 21, 2026): Key Details

Jio Platforms is set to open its Initial Public Offering (IPO) for subscription today on October 21, 2026. The IPO is a book build issue valued at ₹30,213 crore, consisting entirely of a fresh issue of 27 crore shares.  

Jio Platforms IPO Key Dates 

Jio Platform IPO will open for subscription today on October 21, 2026, and will close on October 23, 2026, with the allotment likely to be finalised by October 26, 2026.  

The shares will be listed on both NSE and BSE, with a likely listing date of October 28, 2026. The issue price band is set between ₹1,065 and ₹1,119 per share, and the lot size for an application is 12 shares. 

Jio Platforms IPO Timings 

The Jio Platforms IPO officially opens for subscription today, October 21, 2026, at 10:00 AM IST, and will close for bidding on October 23, 2026, at 5:00 PM IST, though individual broker or bank cut-offs may apply earlier.  

Investors using UPI must approve their mandates by 7:00 PM IST on the closing day, after which the share allotment likely be finalized on October 26, 2026, followed by the initiation of refunds for unallotted applications on October 27, 2026.  

Finally, the shares are likely scheduled to list on the NSE and BSE on October 28, 2026, with the pre-open trading session commencing at 9:00 AM IST and regular trading starting at 10:00 AM IST. 

Jio Platforms IPO’s Investment Details and Employee Reservation 

Individual retail investors are required to make a minimum investment of ₹13,428, based on the upper price band. The IPO includes a reservation of up to 46,94,835 shares for employees, offered at a discount of ₹54 to the issue price.  

Kotak Mahindra Capital Company Limited is the book running lead manager, while Kfin Technologies Limited serves as the registrar for the issue. 

Anchor Investor Oversubscribed in Jio Platforms IPO 

On October 19, 2026, Jio Platforms raised ₹8,109.85 crore from 212 anchor investors ahead of its ₹30,213 crore IPO, allocating 7.24 crore shares at the upper price band of ₹1,119 per share. The anchor book received record-breaking bids exceeding ₹2.5 lakh crore (Over $26 billion), making it over 30 times oversubscribed. 

Business Overview of Jio Platforms 

Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity and services in India.  

As of June 30, 2026, its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers.  

The company operates through an integrated technology platform, offering services such as mobile and fixed broadband, digital entertainment, cloud storage, and smart home solutions. For businesses, Jio Platforms provides enterprise connectivity, cloud and security solutions, and AI-based services. 

Read More: Jio Platforms ARPU Climbs to ₹215.6 as Premiumisation Gains Pace Ahead of IPO! 

Financial Overview of Jio Platforms 

For the period ending June 30, 2026, Jio Platforms reported a total income of ₹40,197.90 crore and a profit after tax of ₹7,764.10 crore.  

Comparatively, for the period ending March 31, 2026, the total income was ₹1,49,759.10 crore with a profit after tax of ₹30,052.70 crore. 

 As of June 30, 2026, the company’s total assets stood at ₹6,22,905.30 crore with a net worth of ₹3,41,778.50 crore and EBITDA of ₹20,864.50 crore. 

Objective of the Jio Platforms IPO 

The net proceeds from the IPO are intended for prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, Reliance Jio Infocomm Limited (RJIL), amounting to ₹27,500 crore, along with general corporate purposes. 

Conclusion 

Jio Platforms IPO, opens today on October 21, 2026, aims to raise ₹30,213 crore through a fresh issue of 27 crore shares. The proceeds will be used for debt prepayment and corporate purposes, with a price band set at ₹1,065 to ₹1,119 per share. 

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