Jio Platforms IPO
Mainboard IPO · Opens Wed 21 Oct · price band ₹1,065–₹1,119
Key points
- All ₹30,213 cr is new money for the company. Main use: repay debt (₹27,500 cr).
- GMP ₹236–243 (+21.1% to +21.7%) over ₹1119. Unofficial, changes often.
- FY26: income ₹1,49,759 cr (+15.8%), profit ₹30,053 cr (+15.1%).
Timetable
- OpensWed 21 Oct
- ClosesFri 23 Oct
- AllotmentMon 26 Oct
- RefundTue 27 Oct
- Shares in dematTue 27 Oct
- ListingWed 28 Oct
Dates after the closing day are tentative and can shift by a day.
Why is Jio Platforms raising money?
What the new money will be used for
- Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL₹27,500 cr
- General corporate purposes.amount not fixed
Grey market premium (GMP)
Unofficial. GMP is what traders in an unregulated market say they will pay before listing. No exchange publishes it, it can change several times a day and it is often wrong on listing day. Range from 2 market websites, checked 18 Oct 2026, 03:23 PM IST.
About Jio Platforms
Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. The Company has developed proprietary digital technology and pan-India connectivity infrastructure to support the delivery of digital services to consumers and businesses. Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026.The Company operates through an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI). Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions. For businesses, it provides enterprise connectivity, cloud and security solutions, managed services, IoT applications and AI-based solutions. The Company’s proprietary technology capabilities span network infrastructure, device engineering, software, operating systems and digital applications.
The Company’s infrastructure includes pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks as of June 30, 2026. Its wireless broadband network covered more than 99% of India’s population. The Company and its subsidiaries had filed 7,220 patent applications, of which 1,043 had been granted, as of June 30, 2026. Its technology initiatives include an indigenous 5G technology stack, proprietary AI platform JioBrain and fixed wireless access technology. The Company also leverages a nationwide distribution network and partnerships to expand access to digital services.
As of June 30, 2026, the Company had 27,932 full-time employees and engaged 63,795 personnel on a contract basis. Its workforce includes teams across digital products and technology development, business operations, sales and distribution, customer service, network operations, and corporate functions.
Financials (₹ crore)
Jio Platforms Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 15% between the years ending March 31, 2026 and March 31, 2025.
| ₹ crore | Jun 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| Total Income | 40,198 | 1,49,759 | 1,29,333 | 1,10,175 |
| Profit After Tax | 7,764 | 30,053 | 26,120 | 21,434 |
| EBITDA | 20,865 | 76,255 | 64,170 | 54,959 |
| Net worth | 3,41,779 | 3,34,013 | 3,04,022 | 2,77,866 |
| Borrowing | 61,372 | 70,781 | 73,060 | 54,349 |
| Assets | 6,22,905 | 6,15,594 | 5,81,234 | 5,39,580 |
Restated figures from the offer document. A part-year period (for example 3 months to June) is not comparable with a full year.
Valuation and returns
| Jun 2026 | Mar 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) | 2.93 | 2.99 |
P/E = price ÷ earnings per share. A negative P/E means the company made a loss. Compare with listed peers in the same business before reading much into it.
Issue details
- Price band
- ₹1,065–₹1,119
- Lot size
- 12 shares
- Minimum investment
- ₹13,428 (1 lot at ₹1119)
- Total issue size
- ₹30,213 cr (27.00 crore shares)
- Fresh issue / OFS
- Fresh capital only
- Face value
- ₹10 per share
- Reserved for
- –
- Anchor investors
- –
- Employee discount
- ₹54 per share
- Retail limit
- up to ₹2,00,000
- Shareholder quota
- up to ₹2,00,000
- UPI mandate deadline
- 23-Oct-2026 (up to 7:00 PM)
- Listing on
- BSE, NSE
- Lead managers
- Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited and 15 more
- Registrar (allotment status)
- Kfin Technologies Limited · jioplatforms.ipo@kfintech.com
Offer document (RHP) on NSE: download. It is long; the "Objects of the Offer" and "Risk Factors" chapters matter most.
Quick answers
Does Jio Platforms get the IPO money?
Partly or fully: ₹30,213 cr is a fresh issue that goes to the company.
What is the minimum investment in the Jio Platforms IPO?
One lot of 12 shares, which costs ₹13,428 at the upper price of ₹1119.
When will Jio Platforms list?
The tentative listing date is Wed 28 Oct, with allotment on Mon 26 Oct.
Company figures are from the offer document as summarised by market websites; issue details and subscription are from NSE. Updated 18 Oct 2026, 03:23 PM IST. Education only, not investment advice. Read the offer document, especially the risk factors, before applying. All IPOs →