Stories
Jio Enters Stock Market With Massive IPO To Raise Rs 30,200 Crore
N
News18•14-10-2026, 14:54
Jio Enters Stock Market With Massive IPO To Raise Rs 30,200 Crore
- •Jio Platforms is set to launch its Initial Public Offering aiming to raise Rs 30,200 crore, making it India's largest IPO.
- •The company plans to issue 27 crore shares with a face value of Rs 10 each through the book-building process.
- •Applications for the IPO are reportedly set to open starting from the 21st of this month.
- •The shares are scheduled to be listed on both the Bombay Stock Exchange and the National Stock Exchange.
- •Jio currently boasts 52.44 crore customers and reported a profit of Rs 30,049 crore in the last financial year.
Key Questions Answered
Jio Platforms plans to issue 27 crore new equity shares with a face value of 10 rupees each, aiming to raise approximately 30,200 crore rupees through its Initial Public Offering.
After Jio Platforms submitted its application on June 19, SEBI provided its feedback on August 28, with public subscription applications anticipated to open starting October 21.
The shares will be listed on both the Bombay Stock Exchange and the National Stock Exchange, and the offering is expected to surpass Hyundai Motor India's 2024 share sale to become India's largest IPO.
