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Highly Anticipated Jio IPO May Launch In Late October
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News18•07-10-2026, 15:31
Highly Anticipated Jio IPO May Launch In Late October
- •The Jio Platforms IPO subscription is reportedly expected to open on October 21 and close on October 23.
- •The share market listing is anticipated to take place on October 28, subject to market conditions.
- •A major portion of the IPO proceeds will be utilized to repay or prepay outstanding debt of Reliance Jio Infocomm.
- •The proposed public offering is likely to consist entirely of fresh shares.
Key Questions Answered
According to reports, the Jio Platforms IPO subscription could begin on October 21 and remain open until October 23, with the anchor book opening on October 19 and a potential share market listing on October 28.
A major portion of the funds raised from the initial public offering is planned to be utilized fully or partially to repay or prepay approximately Rs 27,500 crore in outstanding debt of Reliance Jio Infocomm.
The proposed IPO is likely to consist entirely of fresh shares. Jio Platforms submitted its Draft Red Herring Prospectus to SEBI last June, and SEBI issued its final observations clearing the path for the IPO on August 28.
