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Jio Platforms IPO Worth Rs. 30,213 Crores Begins Today with High Expectations
- •Reliance Industries subsidiary Jio Platforms Limited is launching its massive IPO worth Rs. 30,213 crores today.
- •The share price band is set between Rs. 1,065 and Rs. 1,119 with a minimum investment of one lot consisting of 12 shares.
- •The three-day bidding process opens today, share allotment is scheduled for October 26, and listing will take place on October 28.
- •Brokerage firms like Motilal Oswal, HDFC Securities, and Emkay Global have issued positive recommendations for listing gains and long-term investment.
- •IPO proceeds will be utilized to repay debt, strengthen financial position, and fund general corporate purposes.
Key Questions Answered
The Jio Platforms IPO opens for subscription on October 21 and closes on October 23, 2026, aiming to raise approximately Rs. 30,213 crores. The price per share is fixed between Rs. 1,065 and Rs. 1,119, with a lot size of 12 shares. Share allotment will be finalized on October 26, and the stock is scheduled to list on the exchanges on October 28, 2026.
Major brokerage firms like Motilal Oswal, HDFC Securities, and Emkay Global have highlighted Jio Platforms' market leadership in digital connectivity, technological prowess, improving profitability, and strong cash generation. Brokerages noted its massive subscriber base of over 534 million and viewed the IPO as reasonably priced with strong long-term growth prospects.
The proceeds from the fresh issue of shares will be utilized to strengthen the company's financial position, repay debt owed by its telecom subsidiary Reliance Jio Infocomm, and fund general corporate purposes. This debt reduction strategy is expected to lower financial costs and enhance cash flow flexibility for ongoing investments.
