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Jio Platforms IPO: Brokerages Bullish On Rs 30213 Crore Mega Issue
- •Jio Platforms Ltd IPO worth Rs 30,213 crore will open for subscription on October 21 and close on October 23.
- •The price band for the IPO has been fixed at Rs 1065 to Rs 1119 per share with a lot size of 12 shares.
- •This marks the first IPO from a Reliance Industries group company in nearly 20 years and is the largest public issue in the country.
- •Analyst firms have recommended subscribing to the issue, citing strong growth potential in telecom, broadband, and artificial intelligence.
- •The shares are expected to be listed on NSE and BSE on October 28.
Key Questions Answered
The Jio Platforms IPO, valued at Rs 30,213 crore, opens for subscription from October 21 to October 23, 2026, with anchor investors bidding on October 19. The price band is set at Rs 1,065 to Rs 1,119 per share with a lot size of 12 shares, and the company is expected to list on the NSE and BSE on October 28, 2026.
Reliance Industries holds the majority stake of 66.43 percent in Jio Platforms. Other notable shareholders include Meta with 9.99 percent, Google with 7.73 percent, Saudi Arabia Wealth Funds and Vista Equity Partners each holding 2.31 percent, Silver Lake with 1.88 percent, Mubadala with 1.85 percent, GA Singapore with 1.34 percent, Abu Dhabi Investment Authority with 1.16 percent, and TPG Capital with 0.93 percent.
Brokerages are optimistic due to Jio's market leadership, boasting 53.33 million subscribers and roughly 60 percent of India's wireless data traffic as of June 2026, alongside India's largest spectrum bank of 26,800.8 MHz. Analysts highlight the company's strong financial performance, expansion into AI, broadband, and enterprise services, and robust growth potential driven by rising ARPU and future cash generation.
