Last Updated: 18th Oct, 2026
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Jio Platforms Limited, promoted by Reliance Industries Limited, is listing its equity shares on BSE and NSE through an initial public offering (IPO). The issue is entirely a fresh issue of up to 27 crore shares with a face value of ₹10 each. Fresh issue means no existing investor is selling shares as part of the IPO.
Public bidding is scheduled from 21 to 23 October 2026. The offer uses book building, a process in which investors bid within an announced price range and the final issue price is determined after considering demand. The details of the IPO are as follows:
Jio Platforms IPO Details
Particular | NSE IPO Details |
IPO Open Date | 21th October 2026 |
IPO Close Date | 23rd October 2026 |
Face Value | ₹10 per share |
Jio Platforms IPO Price Band | ₹1065 to ₹1119 |
Jio Platforms IPO Lot Size | 12 shares |
Total Issue Size | 27,00,00,000 shares (agg. up to ₹30,213 Cr) |
Issue Type | Book Building Issue – Fresh Issue |
Listing Exchange | Bombay Stock Exchange and National Stock Exchange |
Jio Platforms IPO Lot Size and Investment Amount
Application Category | Lots | Shares | Investment Amount |
Retail Minimum | 1 | 12 | ₹13,428 |
Retail Maximum | 14 | 168 | ₹1,87,992 |
Small NII/HNI Minimum | 15 | 180 | ₹2,01,420 |
Small NII/HNI Maximum | 74 | 888 | ₹9,93,672 |
Big NII/HNI Minimum | 75 | 900 | ₹10,07,100 |
Jio Platforms IPO Timeline
Particular | Day | NSE IPO Details |
IPO Open Date | Wednesday | 21st October 2026 |
IPO Close Date | Friday | 23rd October 2026 |
Allotment | Monday | 26th October 2026 |
Refund | Tuesday | 27th October 2026 |
Credit of Shares | Tuesday | 27th October 2026 |
Listing | Wednesday | 28th October 2026 |
Shareholding Pattern: Pre-IPO and Post-IPO
Category | Pre IPO | Post IPO |
Promoter and Promoter Group | 66.43% | 64.48% |
Public | 33.57% | 35.52% |
Total | 100% | 100% |
About Jio Platforms Limited
Jio Platforms Limited operates a digital technology and connectivity platform with services spanning mobile and home broadband, entertainment, cloud-based products, connected devices and business technology solutions.
Its key operating subsidiary, Reliance Jio Infocomm Limited (RJIL), served 533.3 million customers in India as of 30 June 2026. Its offerings include 4G and 5G connectivity, JioFiber and JioAirFiber, as well as digital products for consumers and enterprises.
Digital connectivity accounts for a substantial part of the revenue. For FY2026, it reported revenue from operations of ₹1,46,885.3 crore and profit after tax of ₹30,052.7 crore on a consolidated basis. (Consolidated statements mean the figures include the company and the entities covered by its group, rather than only the parent company.)
The IPO aims to raise funds primarily for partial or full repayment of certain outstanding borrowings of RJIL, alongside general corporate purposes. Repaying borrowings means using the IPO proceeds to reduce existing debt. Because this is a fresh issue, the money raised goes to the issuing company rather than to shareholders selling existing shares.
Jio Platforms Limited: Financial Performance
Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
Assets | 6,22,905.30 | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
Total Income | 40,197.90 | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
Profit After Tax | 7,764.10 | 30,052.70 | 26,120.30 | 21,434.00 |
EBITDA | 20,864.50 | 76,255.40 | 64,170.00 | 54,958.70 |
Net Worth | 3,41,778.50 | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
Reserves and Surplus | 3,32,839.50 | 3,25,074.40 | 2,95,083.40 | 2,68,927.10 |
Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
Amount in ₹ Crore | ||||
Objects of the IPO
Sr No | Issue Objects | Est Amout (₹ Cr.) |
1 | Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | 27,500 |
2 | General Corporate Purposes |
|
| Total |
|
The amount for general corporate purposes and the total amount under the objects of issue will be determined post the listing of the stocks on the exchanges. ₹27,500 Crore is the estimated amount marked for prepayment of outstanding debt.
Jio Platforms IPO Valuation Metrics (FY2026)
Valuation Metric | Pre IPO | Post IPO |
EPS (₹) | 33.62 | 33.72 |
P/E (X) | 33.28 | 33.19 |
Market Cap at Offer Price | ₹10,00,277.55 Cr. | ₹10,30,490.55 Cr |
Jio Platforms IPO: Key Performance Indicators (KPIs)
KPI | Jun 30, 2026 | Mar 31, 2026 |
RoNW | 2.30% | 9.42% |
PAT Margin | 19.82% | 20.46% |
EBITDA Margin | 53.26% | 51.91% |
NAV | 382.34 | 373.66 |
P/B (x)https://www.chittorgarh.com/keyword/price-to-book-value-detail/235/ | 2.93 | 2.99 |
Registered Office and Contact Details
Jio Platforms Ltd. Address
Office - 101, Saffron
Nr. Centre Point, Panchwati 5 Rasta
Ambawadi
Ahmedabad, Gujarat, 380006
Phone No: +91 22 7967 0000
Email: jpl.investorrelations@jio.com
Website: Link
IPO Registrar
Kfin Technologies Ltd.
Phone No: 040-79615565
Email: jioplatforms.ipo@kfintech.com
Website: Link
IPO Book-Running Lead Manager
- Kotak Mahindra Capital Co.Ltd.
- Morgan Stanley India Co.Pvt.Ltd.
- BOFA Securities India Ltd.
- Axis Capital Ltd.
- BNP Paribas
- Citigroup Global Markets India Pvt.Ltd.
- CLSA India Pvt.Ltd.
- Dam Capital Advisors Ltd.
- Goldman Sachs (India) Securities Pvt.Ltd.
- HDFC Bank Ltd.
- HSBC Securities & 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.
Peer Group Comparison
Jio Platforms Ltd. peer comparison with similar listed entities. (As on March 31, 2026)
Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E(x) | RoNW (%) | Financial Statements |
Jio Platforms Ltd. | 33.63 | 33.59 | 373.66 | 33.28 | 9.42 | Consolidated |
Bharti Airtel Ltd. | 45.96 | 44.37 | 244.60 | 40.71 | 20.32 | Consolidated |
Vodafone Idea Ltd. | 3.21 | 3.21 | -3.30 | 3.99 |
| Consolidated |
