Jio Platforms to launch IPO raising ₹37,700cr at ₹10.3Lcr
Jio Platforms, the digital and telecom giant under Reliance Industries, is launching its much-anticipated IPO from October 21-23, 2026.
The company aims to raise about ₹37,700 crore at a valuation of ₹10.3 lakh crore.
Big names like Meta and Google are holding onto their shares, so no stake sales from them this round.
IPO proceeds ₹27,500cr for Jio debt
Most of the money raised, ₹27,500 crore, will go toward paying off Reliance Jio Infocomm's debts, helping clean up the company's finances.
There's a reservation of shares worth up to ₹2,500 crore for eligible Reliance Industries shareholders and up to ₹500 crore for eligible employees, and at least 35% reserved for retail investors.
Anchor bidding happens on October 19, with shares expected to list on October 28. The price band is set between ₹1,065 and ₹1,119 per share.