Why is the Jio Platforms IPO trending in India?
Interest is peaking because Jio Platforms filed its red herring prospectus for an IPO that could exceed a ₹10 lakh crore valuation. It is expected to be India's largest offering, surpassing the previous record set by Hyundai Motor India.
What happened
- 19 June 2026
Jio Platforms filed its draft prospectus [1].
- 14 Oct, 2026
The company filed its final red herring prospectus and approved a price band of ₹1,065 to ₹1,119 per share [1].
- 19 Oct, 2026
Bidding for anchor investors is scheduled to take place [1].
- 21 Oct, 2026
The IPO opens for public subscription [1], [2].
- 23 Oct, 2026
The subscription period for the IPO closes [1], [2].
What you need to know
The IPO consists of a fresh issue of up to 27 crore equity shares [1].
One lot consists of 12 shares, costing ₹13,428 at the maximum price [1].
Eligible employees receive a discount of ₹54 per share [1].
Reserved portions are available for eligible Reliance shareholders and JPL employees [1].
The sources do not provide the specific Grey Market Premium (GMP) figures, though the topic is trending under that term.
Background
Jio Platforms is the telecom and digital division of Reliance Industries. Before this offering, Reliance held 66.43% of the company, while Google and Meta held roughly 17.7% [1]. Unlike previous large IPOs like LIC or Hyundai, which were offers for sale by existing owners, this is a fresh issue. This means the money raised goes directly to the company rather than to selling shareholders [1]. Financials for the year ending March 2026 show consolidated revenue of ₹1,46,885 crore and a net profit of ₹30,049 crore [1].
The company intends to use the funds for general corporate purposes and to pay down certain debts of its subsidiary, Reliance Jio Infocomm [1].
Questions people ask
What is the price range for the Jio IPO?
The price band is set between ₹1,065 and ₹1,119 per share [1].
How does this IPO compare to previous records?
At the cap price, the issue is estimated at ₹30,213 crore, which is about 8% higher than Hyundai Motor India's 2024 record [1].
Where this came from
Found through Google Trends and drafted with AI from at least two cited sources. Published automatically after passing our automated checks for sources, wording and safety. It may not have been reviewed by a person yet. Report a correction.