Jio Platforms IPO
The Jio Platforms IPO is an upcoming Mainboard book-built public issue of Jio Platforms Limited, a digital technology and connectivity company promoted by Reliance Industries Limited. The IPO is scheduled to open on 21 October 2026 and close on 23 October
Jio Platforms IPO Details
Jio Platforms offers exposure to a large Indian digital and telecommunications business. Its established Jio brand, substantial subscriber base and presence across connectivity and digital services are important parts of the investment proposition. The company’s scale and participation in the expansion of India’s digital economy may appeal to investors seeking exposure to the telecom and technology sectors. The IPO comprises a fresh issue of up to 27,00,00,000 equity shares of face value ₹10 each. There is no Offer for Sale component in the proposed issue. The company has proposed to list its equity shares on BSE and NSE. The IPO price band, issue dates and lot size will be announced at the Red Herring Prospectus stage. Jio Platforms operates through its subsidiaries, including Reliance Jio Infocomm Limited. As of March 31, 2026, its subsidiary RJIL served 524.4 million customers in India. Its offerings include mobile and fixed broadband connectivity, entertainment, cloud gaming, cloud computing, cloud PC, storage, smart home solutions and AI-based products.
Jio Platforms IPO Timeline (Tentative)
The Jio Platforms IPO timeline includes the opening and closing dates, allotment finalisation, refund processing, demat credit, and the expected listing date. Investors should keep track of these dates to ensure that their applications and subsequent allotment checks are completed on time.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Oct 21, 2026 |
| IPO Close Date | Fri, Oct 23, 2026 |
| Basis of Allotment | Mon, Oct 26, 2026 |
| Initiation of Refunds | Tue, Oct 27, 2026 |
| Credit of Shares to Demat | Tue, Oct 27, 2026 |
| Listing Date | Wed, Oct 28, 2026 |
| Anchor Investor Bidding | 19 October 2026 |
Jio Platforms IPO Lot Size
The minimum application size for the Jio Platforms IPO is 12 equity shares. Investors can apply in multiples of the lot size, and the application amount depends on the number of shares applied for and the applicable price within the IPO price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹13,428 |
| Retail (Max) | 14 | 168 | ₹1,87,992 |
| S-HNI (Min) | 15 | 180 | ₹2,01,420 |
| S-HNI (Max) | 74 | 888 | ₹9,93,672 |
| B-HNI (Min) | 75 | 900 | ₹10,07,100 |
Jio Platforms IPO Reservation
The Jio Platforms IPO reservation structure will include allocation for Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors. The DRHP also provides for eligible employee and eligible Reliance Industries shareholder reservations. The exact number of shares reserved for these additional categories will be updated from the final offer documents.
Jio Platforms IPO Subscription
The final subscription figures will help investors understand demand across the different categories. However, high subscription does not guarantee listing gains or strong long-term returns. Investors should consider the company's financial performance, valuation, and business risks alongside subscription data.The final subscription table will also reflect the number of shares offered to each category and the number of bids received during the IPO period once the issue opens.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Jio Platforms
Jio Platforms Limited is a technology platform company promoted by Reliance Industries Limited. The company combines digital connectivity with digital services and technology platforms to support consumer, enterprise and emerging technology use cases.
Its subsidiary Reliance Jio Infocomm provides mobile and fixed broadband connectivity across India, while the wider Jio ecosystem includes digital entertainment, cloud gaming, cloud computing, storage, smart home solutions, enterprise connectivity, IoT, managed Wi-Fi, private 5G, security solutions and AI-based products.
As of March 31, 2026, Reliance Jio Infocomm served 524.4 million customers in India. Jio Platforms reported revenue from operations of ₹1,46,885.30 crore in FY2026, compared with ₹1,28,218.40 crore in FY2025 and ₹1,09,558.10 crore in FY2024.
Strengths
- Large pan-India digital connectivity and technology ecosystem.
- 524.4 million customer base through RJIL as of March 2026.
- Integrated mobile, broadband and digital services platform.
- Strong presence across consumer and enterprise digital services.
- Expansion into cloud, AI and next-generation digital products.
- Backed by Reliance Industries Limited.
Risks to Consider
- Telecom operations depend on licences and spectrum availability.
- Network disruption could affect customer services and business operations.
- Rapid technological changes require continued investment.
- Telecom and digital markets remain competitive.
- Large-scale network and technology infrastructure requires significant capital expenditure.
Jio Platforms Financials (₹ Cr)
Jio Platforms reported consistent growth in revenue and profit across FY2024 to FY2026. Revenue from operations increased from ₹1,09,558.10 crore in FY2024 to ₹1,46,885.30 crore in FY2026. Profit after tax increased from ₹21,423.20 crore to ₹30,049.10 crore during the same period. Net worth also increased from ₹2,77,866.10 crore in FY2024 to ₹3,34,013.40 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY 2025-26 | 1,46,885.30 | 30,049.10 | 6,15,594.00 | 3,34,013.40 |
| FY 2024-25 | 1,28,218.40 | 26,109.00 | 5,81,233.80 | 3,04,022.40 |
| FY 2023-24 | 1,09,558.10 | 21,423.20 | 5,39,580.40 | 2,77,866.10 |
KPIs & Valuation
Key Performance Indicators help investors understand the company's operating performance, profitability, capital utilisation, and financial position. Alongside conventional financial ratios, operating indicators such as average revenue per user, customer base, and data consumption provide useful insight into the scale and efficiency of a digital connectivity business.
Objects of the Issue
The net proceeds of the Reliance Jio IPO are proposed to be used primarily for reducing certain outstanding borrowings of Reliance Jio Infocomm Limited, the material subsidiary of Jio Platforms, along with general corporate purposes. The issue is entirely a fresh issue, so the company will receive the proceeds from the new equity shares issued.
- Prepayment, in full or in part, of certain outstanding borrowings availed by Reliance Jio Infocomm Limited
- General corporate purposes
Promoters, Lead Managers & Registrar
The registrar manages the IPO application process, processes valid applications, coordinates the basis of allotment, and facilitates the credit of shares to successful applicants. Investors can use the registrar's official portal to check allotment status once the basis of allotment has been finalised.
Promoters
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | +91 40 6716 2222 / 1800 309 4001 |
| jioplatforms.ipo@kfintech.com | |
| Website | https://www.kfintech.com/ |
Jio Platforms IPO Review
Reliance Jio IPO is the proposed public issue of Jio Platforms Limited, a technology platform backed by Reliance Industries Limited. The company has developed a broad digital ecosystem combining telecom connectivity, broadband, digital applications, enterprise services, cloud solutions and AI-enabled offerings.
For FY2026, Jio Platforms reported revenue from operations of ₹1,46,885.30 crore and profit after tax of ₹30,049.10 crore. Revenue from operations increased from ₹1,28,218.40 crore in FY2025 and ₹1,09,558.10 crore in FY2024, while PAT increased from ₹26,109.00 crore in FY2025 and ₹21,423.20 crore in FY2024.
The IPO price band, final issue amount in rupee terms, lot size and issue dates are not available in the DRHP. These details should be updated after the company files the RHP and announces the final issue terms.
How to Apply
Investors can apply for the Reliance Jio IPO through supported online IPO platforms using their UPI ID after the IPO opens for subscription.
Through UPI
- Open your preferred broker or IPO application platform.
- Select Reliance Jio IPO.
- Enter the number of lots you want to apply for.
- Enter the required bid price.
- Enter your UPI ID.
- Submit the IPO application.
- Approve the UPI mandate received in your UPI application.
- Ensure sufficient funds are available in the linked bank account.
- Check the IPO application status after submission.
- Check allotment and demat credit after the basis of allotment is finalised.
Prospectus & Documents
Reliance Jio IPO prospectus and related documents provide detailed information about the company, its business operations, financial performance, risks, IPO structure, and use of proceeds. Investors can refer to the official offer documents for complete and verified information about the IPO.
Last updated Oct 15, 2026.