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Jio Announces Price Band for over Rs 30,000 Crore IPO. Check Key Dates, GMP and Other Details
The fresh issue will fund debt repayment and corporate needs, with 35% reserved for retail investors and up to ₹3,000 crore set aside for employees and shareholders.
- Reliance Industries Ltd announced on Wednesday that Jio Platforms Ltd will launch its initial public offering on October 21, with up to Rs 2,500 crore reserved for eligible Reliance shareholders, including individuals and HUFs.
- Since its 2016 launch, Jio transformed the Indian telecom sector through aggressive pricing and widespread 4G and 5G adoption, commanding network leadership with over 524 million subscribers across India as of March 2026.
- The IPO comprises a fresh issue of up to 27 crore equity shares of Rs 10 each, managed by 19 book-running lead managers including Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Goldman Sachs and JP Morgan, with KFin Technologies as registrar.
- Up to Rs 500 crore in equity shares will be reserved for eligible employees, while proceeds will be utilized to repay debt and for general corporate purposes, with retail individual investors receiving not less than 35% of the net issue according to the DRHP.
- Expected to be India's largest, the IPO closes on October 23 with listing anticipated October 28; reports suggest the company may raise about Rs 30,000 crore, potentially surpassing Hyundai's Rs 27,870 crore October 2024 offering.
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Reliance Jio IPO has good news for eligible employees! Reservation of shares worth up to ₹500 crore confirmed
Jio Platforms’ IPO will reserve up to ₹500 crore for eligible employees. The mega issue will open for subscription on Wednesday, October 21, and close on Friday, October 23, 2026. The anchor investor bidding date has been scheduled for Monday, October 19.
·New Delhi, India
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Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details
Jio has set the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.
·Mumbai, India
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Total News Sources18
Leaning Left1Leaning Right6Center3Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 30%
R 60%
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