Reliance Industries Share Price in Focus Ahead of Jio Platforms IPO

Reliance Industries’ planned listing of Jio Platforms has drawn institutional bids worth around ₹2.5 lakh crore. The company’s ₹8,110 crore anchor book received bids exceeding 30 times the amount on offer, according to The New Indian Express citing figures provided for the transaction. 

Jio Platforms plans to raise ₹30,213 crore through the IPO of its telecom and digital services subsidiary. The issue will open on 21 October and close on October 23, 2026. 

Who Is Bidding for Jio Platforms? 

As per the report, the list of institutional bidders includes global asset managers like BlackRock, Fidelity Investments, Capital Group, Franklin Templeton, and JPMorgan Asset Management. 

Sovereign investors such as Singapore’s GIC, the Abu Dhabi Investment Authority, the Qatar Investment Authority and Norway’s Norges Bank Investment Management also submitted bids. 

Indian participants include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund. Life Insurance Corporation of India (LIC), HDFC Life Insurance, SBI Life Insurance and pension funds were also among the bidders. 

IPO Price and Use of Proceeds 

Jio Platforms IPO has fixed a price band of ₹1,065 to ₹1,119 per share. The issue will comprise up to 27 crore newly issued shares. At the upper end of the band, the company’s valuation could reach approximately $108 billion. 

The offer documents state that part of the proceeds will go towards debt repayment at the telecom subsidiary, with the balance allocated to general corporate purposes. 

What the Listing Means for Reliance Industries? 

Jio Platforms had 533.3 million subscribers as of June 2026 and accounted for nearly 60% of India’s data traffic, according to reported company figures.  

The IPO will allow investors to hold shares in Jio Platforms directly. For Reliance Industries, the transaction brings its digital services subsidiary to the stock market as a separately listed company. 

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Reliance Industries Share Price Performance  

As of October 19, 2026, at 3:07 pm, Reliance Industries share price was trading at ₹1,206.00, down 0.43% from the previous closing price. 

Conclusion  

Jio Platforms has set a price band of ₹1,065 to ₹1,119 per share for its ₹30,213 crore IPO. The issue follows institutional bids of around ₹2.5 lakh crore. 

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