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Jio Platforms to enter the stock market.. Likely to be listed on October 28!
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News18•07-10-2026, 15:24
Jio Platforms to enter the stock market.. Likely to be listed on October 28!
- •Jio Platforms is likely to launch its Initial Public Offering by the end of October, subject to market conditions.
- •The IPO is expected to open for subscription from October 21 to October 23, with shares likely listing on October 28.
- •All funds raised from the fresh issue of shares will be utilized directly for the company's growth and debt reduction.
- •Funds are planned to repay about Rs. 27,500 crore of Reliance Jio Infocomm's outstanding debt and for general corporate purposes.
- •As of March 31, Jio stands as the country's largest telecom operator with 524.4 million customers.
Key Questions Answered
Jio Platforms is expected to open its IPO for subscription from October 21 to October 23, with the anchor book opening on October 19. The company's shares are likely to be listed on the stock exchanges on October 28.
Since the IPO consists entirely of a fresh issue of shares, all raised funds will be utilized for growth and debt reduction. Specifically, the capital will be used to repay about Rs. 27,500 crore of Reliance Jio Infocomm's outstanding debt, with the remaining amount allocated for general corporate purposes.
To ensure broad investor participation, 50% of the shares in the IPO are reserved for retail and HNI investors. The remaining 50% of the shares are allocated for institutional investors.
