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Jio Platforms IPO to Win Big on Scale and Execution Says Ramesh Damani
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CNBC TV18•16-10-2026, 13:41
Jio Platforms IPO to Win Big on Scale and Execution Says Ramesh Damani
- •BSE member Ramesh Damani expects the Jio Platforms IPO to be well received due to the company's massive scale and execution capabilities.
- •The Jio Platforms IPO is scheduled to open on October 21 and close on October 23, 2026, featuring a fresh issue of up to 27 crore equity shares.
- •Damani praised Jio for reaching approximately 550 million people, covering nearly one-third of India's population in just a decade.
- •Future growth for Jio Platforms is expected to be driven by value-added services built on top of its global-scale technology infrastructure rather than basic connectivity.
Key Questions Answered
The Jio Platforms IPO is scheduled to open for subscription on October 21 and close on October 23, 2026. Additionally, the bidding window for anchor investors is set for October 19, 2026.
The public issue comprises a fresh issue of up to 27 crore equity shares with a face value of Rs 10 per share. There is no offer for sale (OFS) component by existing shareholders in this offering.
Jio Platforms plans to use ₹27,500 crore of the net proceeds to prepay, in full or in part, certain borrowings of its material subsidiary, Reliance Jio Infocomm (RJIL). Any remaining proceeds will be allocated for general corporate purposes, capped at a maximum of 25% of the gross IPO proceeds.
