Reliance-backed Jio Platforms Limited’s ₹30,213 crore IPO continued its subscription process on Thursday, October 22, 2026, marking the second day of bidding. The issue is available at a price band of ₹1,065 to ₹1,119 per share. As of 10:27 AM, the IPO has been subscribed 3.36 times.

Investors can bid for the issue until October 23, 2026. The basis of allotment is expected to be finalised on October 26, followed by the company’s planned listing on the BSE and NSE on October 28, 2026.

Jio Platforms IPO - Issue Details

Issue Type: Book-Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹30,213.00 crore
Fresh Issue: Up to ₹30,213.00 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per share
Price Band: ₹1,065 to ₹1,119 per share
Lot Size: 12 shares
Minimum Investment Amount (Retail Investor): ₹13,428 (12 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers (BRLMs): Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, CLSA India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, UBS Securities India Private Limited and 360 ONE WAM Limited.
Registrar to the Issue: KFin Technologies Limited

Jio Platforms IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	21 October 2026
Subscription Closing Date	23 October 2026
Basis of Allotment Date	26 October 2026
Refund Initiation Date	27 October 2026
Credit of Shares	27 October 2026
Listing on BSE and NSE	28 October 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Jio Platforms IPO Day 2 Subscription Status

[October 22, 2026, 10:27 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	9.42x
Non-Institutional Investors (NIIs)	2.05x
Retail Individual Investors (RIIs)	0.93x
Employees	1.56x
Shareholders	1.86x
Total	3.36x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, Reliance Jio Infocomm Limited (RJIL)
General corporate purposes

About Jio Platforms Limited

Established in 2019, Jio Platforms Limited provides digital connectivity and technology services across India. Through its subsidiary, Reliance Jio Infocomm Limited (RJIL), the company offers mobile and fixed broadband services, along with digital offerings in entertainment, cloud, gaming, smart homes, enterprise solutions and AI applications. As of March 31, 2026, RJIL had a customer base of 524.4 million.

The company has built an in-house technology ecosystem spanning network infrastructure, devices, software, operating systems and digital applications. This integrated setup enables it to develop and deploy 4G, 5G, cloud and AI technologies at scale while reducing reliance on external vendors.

Key Financial Highlights

Particulars	For the three month period ended June 30, 2026 (in ₹ crore)	FY26 (in ₹ crore)	FY25 (in ₹ crore)
Revenue from operations	3,91,729.00	1,46,885.00	1,28,218.00
EBITDA	20,864.50	76,255.40	64,170.00
Profit After Tax (PAT)	7,764.10	30,049.70	26,120.30