Jio Platforms IPO RHP: Reliance Industries’ digital and telecom arm, Jio Platforms, is set to launch its IPO in the price range of ₹1,065 to ₹1,119 per share. At the upper end of the band, the issue is expected to raise ₹30,213 crore, which could make it the biggest IPO in India.
The public offering will consist of a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The subscription window will run from 21 October to 23 October, while bidding by anchor investors is scheduled for 19 October, as per Reliance Industries' regulatory filings.
Jio Platforms IPO GMP today, or grey market premium, is +235. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Jio Platforms share price was indicated at ₹1,354 apiece, which is 21% higher than the IPO price of ₹1,119.
In the past 15 sessions, the IPO GMP has fluctuated by ₹87, shifting between levels without establishing a clear trend. The most recent GMP is ₹235, indicating a shift in grey market expectations, as noted by analysts.
Jio Platforms Limited, incorporated on 15 November 2019, is a technology company with operations spanning digital connectivity, consumer services and enterprise technology solutions. It has built proprietary digital capabilities and a nationwide connectivity infrastructure to serve both individual users and businesses. Its subsidiary, Reliance Jio Infocomm Limited, had a customer base of 533.3 million as of 30 June 2026.