Jio Platforms to launch India’s largest IPO, targeting ₹30,213 crore

Jio Platforms IPO Reliance Industries Indian stock market telecommunications digital economy

Jio Platforms, the digital services subsidiary of Reliance Industries, has filed its Red Herring Prospectus for an initial public offering (IPO) that is expected to be the largest in Indian history in rupee terms. The company aims to raise approximately ₹30,213 crore ($3.2 billion) by issuing up to 27 crore new equity shares. The price band for the offering is set between ₹1,065 and ₹1,119 per share.

The subscription period is scheduled to open on October 21, 2026, and close on October 23, 2026, following an anchor investor bidding period on October 19. The offering includes special reservations: up to ₹500 crore for eligible employees, who will receive a ₹54 per share discount, and up to ₹2,500 crore for eligible Reliance Industries shareholders.

Managing Director Akash Ambani stated that the company aims to capture a significant portion of India’s projected $1.4 trillion digital economy by FY31, focusing on mobile connectivity, home broadband, and enterprise services. Jio Platforms currently manages over 60% of India’s wireless data traffic and serves approximately 533 million customers. The company also plans to expand its technology stack into global markets as a managed service provider.

Entities

Akash Ambani · Google · Jio Platforms Limited · Meta Platforms · Mukesh Ambani · Registrar of Companies, Gujarat · Reliance Industries · Reliance Industries Limited · Securities and Exchange Board of India

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] Up to Rs 500 crore in shares are reserved for eligible employees. bhaskarlive.in · telecomtalk.info · udaipurkiran.com
[● 4 SOURCES] The company is targeting a valuation of approximately Rs 10.3 lakh crore to Rs 10.4 lakh crore. www.businesstoday.in · inc42.com · www.ibc24.in
[● 6 SOURCES] Jio Platforms filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat, on October 14, 2026. bhaskarlive.in · telecomtalk.info · udaipurkiran.com · nosmokesport.com
[● 11 SOURCES] The IPO subscription period opens on October 21, 2026, and closes on October 23, 2026. bhaskarlive.in · www.businesstoday.in · telecomtalk.info · nosmokesport.com · world-today-journal.com · +3 more
[● 8 SOURCES] Up to Rs 2,500 crore in shares are reserved for eligible Reliance Industries shareholders. bhaskarlive.in · telecomtalk.info · udaipurkiran.com · samacharnama.com · www.mpbreakingnews.in · +1 more
[● 4 SOURCES] The stock market listing is expected to take place on October 28, 2026. nosmokesport.com · www.ibc24.in
[● 6 SOURCES] Anchor investor bidding is scheduled for October 19, 2026. bhaskarlive.in · telecomtalk.info · udaipurkiran.com · samacharnama.com
[● 10 SOURCES] The IPO consists of a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. bhaskarlive.in · udaipurkiran.com · inc42.com · nosmokesport.com · world-today-journal.com · +2 more
[○ 1 SOURCE] Up to ₹2,500 crore worth of shares are reserved for existing public shareholders of Reliance Industries. samacharnama.com
[● 9 SOURCES] Jio Platforms has filed its Red Herring Prospectus (RHP). samacharnama.com · www.mpbreakingnews.in · nosmokesport.com · bhaskarlive.in · telecomtalk.info · +2 more
[● 10 SOURCES] The price band is set from ₹1,065 to ₹1,119 per share. www.mpbreakingnews.in · nosmokesport.com · world-today-journal.com · bhaskarlive.in · samacharnama.com · +2 more
[● 7 SOURCES] The company aims to raise approximately ₹30,213 crore at the upper price band. www.mpbreakingnews.in · nosmokesport.com · bhaskarlive.in · samacharnama.com · inc42.com