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Jio Platforms IPO: How Digital Giant Built Rs 1.47 Lakh Crore Revenue Engine in 10 Years
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News18•15-10-2026, 11:37
Jio Platforms IPO: How Digital Giant Built Rs 1.47 Lakh Crore Revenue Engine in 10 Years
- •Jio Platforms reported revenue from operations of Rs 1,46,885 crore in FY26, marking a 14.56% increase from the previous fiscal year.
- •The IPO is scheduled to open for subscription on Wednesday, October 21, and close on Friday, October 23, with anchor bidding on October 19.
- •Reliance Jio Infocomm served 533.3 million customers as of June 30, 2026, driven by rapid 5G adoption and fixed broadband expansion.
- •Average revenue per user increased to Rs 215.6 per month in the June 2026 quarter, supported by tariff hikes and higher data consumption.
Key Questions Answered
The Jio Platforms IPO will open for public subscription on Wednesday, October 21, 2026, and will close on Friday, October 23, 2026. The bidding window for anchor investors is scheduled for Monday, October 19, 2026.
Jio Platforms has set a price band of Rs 1,065 to Rs 1,119 per share for its initial public offering. At the upper end of this price band, the public issue could raise up to Rs 30,213 crore through the issuance of up to 27 crore fresh equity shares.
Jio Platforms plans to use approximately Rs 27,500 crore of the net IPO proceeds to prepay, either in full or in part, certain borrowings of its material subsidiary, Reliance Jio Infocomm Limited (RJIL). Remaining proceeds will support general corporate purposes.
