Jio Platforms is moving closer to what could be India’s biggest-ever IPO, with the Reliance Industries-backed digital services major expected to file its final offer documents with SEBI in the week beginning 12 October, according to a PTI report. The company has already concluded its overseas roadshows, while SEBI issued its final observations on 28 August after Jio Platforms filed its draft IPO papers in June.
The public offering could raise around $3.8 billion, with the company proposing to issue up to 27 crore fresh equity shares, equivalent to about 2.9% of its post-issue equity base. The IPO comes amid a strong revival in India’s primary market, with more than two dozen issues launched or announced since July.
Jio Platforms houses Reliance’s digital businesses, including Reliance Jio Infocomm, India’s largest telecom operator. For FY26, Jio Platforms reported a 15% rise in profit after tax to ₹30,053 crore, while revenue increased 14.5% to ₹1,46,885 crore.
If launched as expected, the IPO would mark the Reliance Group’s first public offering since 2008 and its first IPO of a consumer-focused business in the conglomerate.
Jio Platforms IPO GMP today
Jio Platforms IPO GMP today or grey market premium is +150. In the past three sessions, the IPO GMP has remained stable, with fluctuations limited to ₹2 and a range of ₹8. The present IPO GMP is at ₹150, reflecting a consistent sentiment in the grey market. With the latest GMP in mind, the projected listing price is approximately ₹150, compared with the IPO issue price of ₹0, as reported by investorgain.com.
Jio Platforms IPO launch date
Jio Platforms IPO is likely to open for subscription on 21 October, according to a PTI report citing sources aware of the development.
The shares of the digital services major are likely to be listed on the stock exchanges on 28 October, according to a PTI report.
Reliance shareholder quota in Jio Platforms IPO
The Jio Platforms IPO will have a shareholder reservation category for existing Reliance Industries (RIL) shareholders, according to the company’s DRHP filed with SEBI in June 2026.
Who is eligible?
RIL shareholders will be eligible for the reserved category if they hold at least one Reliance Industries share in their demat account on the record date. The record date has not yet been announced and will be specified in the final Red Herring Prospectus (RHP).
Can investors apply under both categories?
Yes. Eligible RIL shareholders can apply under the shareholder reservation and regular retail categories, subject to the final terms of the issue. The two applications are treated as separate categories.
What should RIL shareholders do now?
Existing RIL shareholders should monitor the final RHP and the record date announcement, as holding RIL shares after the cut-off date may not qualify an investor for the shareholder reservation
Jio Platforms IPO expected share price band
The Jio Platforms IPO price band has not yet been officially announced by Reliance Industries. However, according to market sources and media reports, the issue price is estimated at ₹1,300– ₹1,450 per equity share.
The estimated range is indicative and may change once the company finalises the IPO structure. Investors should wait for the final Red Herring Prospectus (RHP) to confirm the price band and other issue details.
Jio Platforms IPO size and valuation
According to the company’s draft prospectus, Jio Platforms plans to issue up to 27 crore fresh equity shares, representing approximately 2.9% of its post-issue equity capital. The IPO could value the company at approximately $137 billion, according to people familiar with the matter cited in earlier reports.
A significant portion of the IPO proceeds is expected to be used to repay or prepay, in full or in part, borrowings of around ₹27,500 crore owed by Reliance Jio Infocomm Ltd, a material subsidiary of Jio Platforms.
The remaining proceeds will be utilised for general corporate purposes, according to the draft prospectus.
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