Stories
Jio IPO Set to Launch October 21: Key Dates, Debt Reduction, and Investor Interest Revealed
C
CNBC TV18•02-10-2026, 22:49
Jio IPO Set to Launch October 21: Key Dates, Debt Reduction, and Investor Interest Revealed
- •Jio Platforms Ltd, the digital holding company of Reliance Industries, is preparing for its initial public offering (IPO), with the subscription potentially opening on October 21 and closing on October 23.
- •The anchor book is expected to open on October 19, and shares are targeted to list on stock exchanges on October 28, subject to market conditions.
- •The IPO proceeds will primarily be used to repay or prepay approximately ’27,500 crore of outstanding borrowings of Reliance Jio Infocomm, its telecom subsidiary, with remaining funds for general corporate purposes.
- •The issue will comprise entirely of fresh shares, ensuring proceeds go directly to the company rather than existing shareholders.
- •Jio Platforms has received encouraging feedback from foreign institutional investors (FIIs) and strong interest from domestic investors, with 50% of the IPO earmarked for retail and HNI investors, and the other 50% for institutional investors.
Key Questions Answered
The Jio Platforms IPO is expected to open for subscription on October 21 and close on October 23, with the anchor book opening on October 19 and stock exchange listing targeted for October 28.
The IPO will consist entirely of fresh shares. A large portion of the proceeds will be used to repay or prepay approximately ₹27,500 crore of outstanding borrowings for its telecom subsidiary, Reliance Jio Infocomm, while the remaining funds are designated for general corporate purposes.
Under the proposed structure, 50% of the IPO is allocated to institutional investors, while the remaining 50% is earmarked for retail and high-net-worth individuals, which includes 35% intended for retail investors applying for shares worth up to ₹2 lakh.
