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Jio IPO: Issue Size, Valuation And Key Details Investors Should Know
- •Jio Platforms aims to raise around Rs 30,200 crore through its upcoming IPO, potentially becoming India's largest public offering.
- •The IPO comprises a fresh issue of up to 27 crore equity shares with no offer for sale component, and will be listed on BSE and NSE.
- •Primary proceeds from the IPO are intended for the repayment or prepayment of borrowings of its subsidiary Reliance Jio Infocomm Ltd.
- •For FY26, Jio Platforms reported a revenue of Rs 1,46,885 crore and a profit after tax of Rs 30,049 crore.
- •Jio's customer base reached 533.3 million in Q1 FY27, which includes 285 million 5G users and an ARPU of Rs 215.6.
Key Questions Answered
The Jio Platforms initial public offering is expected to open for subscription on October 21, 2026, and close on October 23, 2026, with the anchor book opening on October 19, 2026, and a potential listing date of October 28, 2026.
A significant portion of the IPO proceeds, estimated up to Rs 27,500 crore or $3.3 billion, is earmarked for the full or partial repayment and prepayment of borrowings of Reliance Jio Infocomm Ltd, while the remaining funds will support general corporate purposes.
The proposed IPO comprises a fresh issue of up to 27 crore equity shares with no offer for sale component, meaning all raised funds go directly to the company. Bloomberg reports the issue aims to raise around Rs 30,200 crore, potentially making it India's largest IPO.
