Jio Platforms’ initial public offering (IPO) is scheduled to open on 21 October and close on 23 October 2026. The price band has been set at ₹1,065– ₹1,119 per share.
The issue is expected to raise around ₹30,213 crore through a fresh issue of 27 crore shares. At the upper end of the price band, Jio Platforms would be valued at approximately $108.3 billion.
The proceeds will primarily be used to repay or prepay borrowings at Reliance Jio Infocomm, with the remaining funds earmarked for general corporate purposes.
Following the fresh issue, Reliance Industries’ stake in Jio Platforms is expected to decline from approximately 66.43% to around 64.4%. However, RIL will retain majority control of the digital and telecom business.
Jio Platforms and Reliance Industries offer different investment propositions. Jio Platforms provides direct exposure to opportunities in telecom, digital services, cloud, and artificial intelligence. RIL, on the other hand, offers diversified exposure to energy, retail, telecom and digital businesses, according to experts.