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Jio Mega IPO worth Rs. 30,213 crore: Public issue opens on October 21!
- •Jio Platforms IPO is considered the largest Initial Public Offering in the history of the Indian stock market.
- •The company plans to raise approximately Rs. 30,213 crore with a price band fixed at Rs. 1,065 to Rs. 1,119 per share.
- •The public issue will be open for subscription applications from October 21 to October 23.
- •The entire issue is a fresh issue of up to 27 crore equity shares without any Offer for Sale component.
- •This mega IPO is set to break previous records, surpassing Hyundai Motor India's 2024 public issue.
Key Questions Answered
The Jio Platforms IPO is valued at approximately Rs. 30,213 crore with a share price band set between Rs. 1,065 and Rs. 1,119. Anchor investor registration begins on October 19, while the public subscription for retail and other investors runs from October 21 to October 23.
Jio Platforms' public issue aims to raise about Rs. 30,213 crore through a fresh issue of up to 27 crore equity shares without any Offer for Sale component. This milestone offering breaks the record previously held by Hyundai Motor India's Rs. 27,870 crore IPO in 2024, establishing it as India's largest public issue ever.
As of June 30, 2026, Jio Platforms serves approximately 533.3 million subscribers while expanding across mobile connectivity, home broadband, AI, and cloud services. In the first quarter of the previous financial year, the company reported a revenue of Rs. 39,713 crore and a net profit of Rs. 7,764 crore.
