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Jio's Mega IPO To Raise Over Rs 30,000 Crore Eagerly Awaited
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News18•13-10-2026, 19:09
Jio's Mega IPO To Raise Over Rs 30,000 Crore Eagerly Awaited
- •Jio Platforms, the digital arm of Reliance Industries, is gearing up for one of the most anticipated IPOs in the Indian stock market.
- •The company aims to raise approximately Rs. 30,200 crore by issuing new shares, potentially becoming the largest IPO in Indian history.
- •The IPO is expected to open for subscription on October 21 and list on stock exchanges on October 28.
- •Up to Rs. 27,500 crore of the raised funds will be utilized to repay loans taken by its major subsidiary, Reliance Jio Infocomm.
- •Jio's total subscriber base stands at 53.3 crore as of June 2026, with 28.5 crore users actively utilizing 5G services.
Key Questions Answered
The Jio Platforms IPO is expected to open for subscription on October 21, with bidding closing on October 23, and the anchor investors' book opening on October 19. The shares are expected to be listed on the stock exchanges on October 28, 2026.
Jio Platforms aims to raise around Rs. 30,200 crore by issuing approximately 27 crore new equity shares with a face value of Rs. 10 each. There is no Offer For Sale (OFS) component involved in this offering.
Up to approximately Rs. 27,500 crore of the proceeds raised through the IPO will be utilized to repay the loans taken by Jio's major subsidiary, Reliance Jio Infocomm. This reduction in debt is expected to lower interest expenses and enhance the company's financial stability.
