Reliance’s Jio Platforms IPO set for Oct 21, targeting about $3.8 billion

Jio Platforms is gearing up for its highly anticipated IPO, aiming to raise around $3.8 billion this October. The journey begins with an anchor book launch on October 19, followed by the public issue opening on October 21. Shares will become accessible for trading on October 28, with allotments scheduled for October 26.

Jio Platforms is preparing to launch what is anticipated to be India's largest initial public offering. Scheduled around Dussehra, the IPO is estimated at $4 billion and will likely occur later this month. The company aims to complete its IPO process, including listing, before October 30. Proceeds from the IPO will primarily be used for prepaying borrowings and general corporate purposes.

Mukesh Ambani's Jio Platforms is preparing for a significant IPO to raise approximately $3.8 billion. The IPO is expected to open on October 21 and shares will debut on October 28. This IPO aims to reduce debt and will involve a fresh issue of equity shares. Jio Platforms seeks a valuation between $143 billion and $146 billion through this offering. Reliance Industries, owning about 66.

Proceeds from the offering will largely repay debt owed by Jio’s telecoms division, while the company also operates AI, cloud and enterprise businesses

Jio Platforms is preparing for its stock market debut with an estimated issue size of $3.8 billion, which could set records. The IPO aims for a valuation of $143-146 billion, with filings expected in mid-October. Reliance Jio’s expansion includes telecom, cloud, AI, and services, reporting significant financial growth recently. Past investors include tech giants like Meta and Google, contributing substantial capital to the company.

New Delhi: Jio Platforms is likely to list by October end at an enterprise valuation of USD 143–146 billion, or above Rs 12 lakh crore, sources tracking the development told PTI.The digital services company could raise around USD 3.8 billion through its initial public offering. Jio Platforms did not respond to an email seeking comment.IPO timeline takes shapeThe company has completed overseas roadshows and is expected to file its final IPO papers with SEBI in the week starting October 12, according to banking and other sources.Akash Ambani and Isha Ambani led investor meetings in the US, UK, Dubai, Hong Kong and Singapore. An Indian roadshow is expected after the red herring prospectus is filed.Sources said the anchor investor round could begin before Dussehra, with the public offer opening after the festival but before October 23.SEBI issued its final observations on August 28, following the filing of draft papers in June.Fresh shares on offerThe draft prospectus outlines an issue of up to 27 crore fresh equity shares, representing about 2.9 percent of the equity base after the issue.Reliance Industries owns around 66.4 per cent of Jio Platforms, while Meta and Google together hold about 17.7 percent.The offering would mark the Reliance group's first IPO since 2008 and the first public offer of a consumer business within the conglomerate.Digital business expandsJio Platforms houses Reliance's digital operations, including telecom, cloud, artificial intelligence and enterprise network services.Its telecom arm serves 50.6 crore mobile customers. Jio had 26.85 crore 5G customers as of June 2026 and about 1.5 crore fixed wireless access subscribers.For FY26, profit after tax increased 15 per cent to Rs 30,053 crore, while annual revenue rose 14.5 per cent to Rs 1,46,885 crore.Nuvama Research expects Reliance Jio's profit after tax to grow at a compounded annual rate of 18 per cent between FY26 and FY30.

Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion

Jio Platforms Ltd, the digital holding company of Reliance Industries that houses the country’s largest mobile network, is nearing the launch of its much-awaited initial public offering (IPO), with internal preparations largely complete and investor feedback reportedly strong.The IPO could open for public subscription between October 21 and 23, while the anchor book may open on October 19. According to a report by Moneycontrol, the company is targeting a stock market debut on October 28, although the final schedule will depend on market conditions.Jio's $3.8 Billion Public Offer Moves Closer After Global Investor Roadshows Foreign and domestic investor interestPeople familiar with the matter said Jio Platforms has received particularly encouraging feedback from foreign institutional investors (FIIs) during recent meetings. Interest from domestic investors has also reportedly exceeded expectations.The company is monitoring market volatility closely, but investors have indicated that fluctuations are unlikely to significantly affect their interest in the offering. As per the report, the final pricing and valuation have not yet been decided and are expected to be finalised after considering investor feedback and prevailing market conditions.Jio Platforms filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) in June. Sebi issued its final observations on August 28, clearing a key regulatory hurdle for the proposed listing. Fresh issue to fund debt repaymentThe IPO will consist entirely of a fresh issue of shares. A major portion of the proceeds will be used to repay or prepay, either fully or partially, around ₹27,500 crore of outstanding borrowings of Reliance Jio Infocomm, a subsidiary of Jio Platforms. The remaining funds will be used for general corporate purposes.Under the proposed allocation structure, half of the issue will be reserved for retail and high-net-worth individual (HNI) investors, with the other half allocated to institutional investors. The retail and HNI portion will include separate allocations based on application size.The company intends to encourage meaningful retail participation, with management seeking to provide investors an opportunity to benefit from Jio Platforms’ longer-term growth.The IPO timing, pricing and valuation remain subject to market conditions and final decisions by the company.

Jio Platforms Ltd, the digital holding company of Reliance Industries that houses Reliance Jio Infocomm, is putting the finishing touches on its much-awaited initial public offering (IPO), which could open for subscription on October 21, according to a report by CNBC TV-18.The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.The company has received encouraging feedback from foreign institutional investors (FIIs) and domestic investors during recent meetings, PTI reported. Jio Platforms has also wrapped up worldwide roadshows and is giving final touches to its public offer documents, according to a source aware of the development. The roadshows were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani and Reliance Retail Ventures Limited Executive Director Isha Ambani.The proposed IPO is being touted as India's largest, with the issue estimated at $3.8 billion. Jio Platforms filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in June, and the market regulator issued its final observations on August 28, allowing the company to move ahead with the offering. Last month, Sebi's approval cleared the way for what is expected to be the country's largest stock-market listing.The issue will consist entirely of fresh shares, which means the money raised will go to the company rather than existing shareholders selling their holdings. A significant portion of the proceeds is expected to be used to reduce debt.Jio Platforms plans to use the funds primarily to repay or prepay, either fully or partly, around Rs 27,500 crore of outstanding borrowings of Reliance Jio Infocomm, its telecom subsidiary. The balance will be used for general corporate purposes.Jio Platforms houses Reliance's digital businesses, including its telecommunications operations. Reliance Jio Infocomm, the telecom arm of Jio Platforms, has a 32.89 per cent share of the fixed-line connections market, serving 157.9 million customers. It also has a 39.29 per cent share of the mobile connections market, with 506 million customers.Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Jio Platforms is putting the finishing touches to documents for its proposed initial public offering, which could become India’s largest IPO at an estimated $3.8 billion, according to a report by PTI. The company has completed the first phase of its IPO process after conducting investor roadshows across the US, UK, Dubai, Singapore and Hong Kong. The overseas meetings were led by Jio Platforms Managing Director and Reliance Jio Chairman Akash Ambani, along with Reliance Retail Ventures Executive Director Isha Ambani.The digital services arm of Reliance Industries received approval from the Securities and Exchange Board of India (Sebi) last month to proceed with the public offering. Sebi issued its final observations on August 28, after Jio Platforms submitted its draft IPO papers in June.Jio Financial Invests ₹320 Crore, Jio Allianz Insurance JV Gets Fresh Capital IPO proceeds to repay Jio debtAccording to the draft prospectus, Jio Platforms plans to issue up to 27 crore fresh equity shares, representing about 2.9% of its post-issue equity base. The proposed offering could value the company at around $137 billion, according to earlier reports citing people familiar with the matter.A substantial portion of the proceeds will be used to repay or prepay around ₹27,500 crore of borrowings held by Reliance Jio Infocomm, Jio Platforms’ material subsidiary. The remaining funds will be allocated towards general corporate purposes. Jio expands beyond telecomJio Platforms houses Reliance’s digital businesses, including its telecommunications operations. Reliance Jio Infocomm has a 39.29% share of India’s mobile connections, with 506 million customers, while its fixed-line market share stands at 32.89%, serving 157.9 million customers.The company has also expanded into cloud services, artificial intelligence and enterprise networking, building on its telecommunications infrastructure.As of June 2026, Jio had 26.85 crore 5G customers and the largest 5G standalone network outside China, according to the company. It also had about 1.5 crore fixed wireless access subscribers.Jio Platforms reported a 15% increase in profit after tax to ₹30,053 crore in FY26, while annual revenue rose 14.5% to ₹1,46,885 crore.