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Jio Platforms Launches India's Largest Ever IPO Worth Rs 30213 Crore
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CNBC TV18•21-10-2026, 07:05
Jio Platforms Launches India's Largest Ever IPO Worth Rs 30213 Crore
- •Jio Platforms IPO is set to become India's largest ever public issue at Rs 30213 crore, surpassing Hyundai Motor India.
- •The company has successfully raised Rs 8110 crore from prominent anchor investors including BlackRock, Capital Group, and Fidelity Investments.
- •The IPO consists entirely of a fresh issue of shares with no Offer For Sale component, and proceeds will primarily be used to reduce debt.
- •The price band is set between Rs 1065 and Rs 1119 per share, with a minimum retail investment of Rs 13428 for one lot of 12 shares.
Key Questions Answered
The Jio Platforms IPO aims to raise ₹30,213 crore, making it India's largest initial public offering to date. The price band has been fixed between ₹1,065 and ₹1,119 per share, with one lot comprising 12 shares requiring a minimum retail investment of ₹13,428.
The public subscription for the Jio Platforms IPO opens on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026. Meanwhile, the bidding window for anchor investors took place earlier on Monday, October 19, 2026.
The IPO consists of a purely fresh issue of shares without any Offer For Sale (OFS) component. The majority of the proceeds generated from the offering will be utilized by the company to pare down its existing debt.
