Jio Platforms IPO is an upcoming book-built issue of 27.00 crore equity shares. The proposed IPO consists entirely of a fresh issue of 27.00 crore shares, with the company planning to use the net proceeds primarily toward the prepayment or repayment of certain outstanding borrowings of Reliance Jio Infocomm Limited (RJIL).
The IPO is proposed to be listed on BSE and NSE. The IPO opening date, closing date, price band, lot size and listing date are yet to be announced.
Jio Platforms is the digital technology and telecommunications holding company behind the Reliance Jio ecosystem. As of March 31, 2026, the company served more than 524 million customers through its telecommunications and digital services ecosystem.
The company operates across mobile connectivity, fixed broadband, digital entertainment, cloud services, enterprise solutions, IoT, cybersecurity, private 5G, digital devices and AI-powered applications.
The IPO schedule has not yet been announced. The important dates will be updated after the company announces the final IPO timetable.
Event
Date
DRHP
To be announced/updated
IPO Opens
To be announced
IPO Closes
To be announced
Basis of Allotment
To be announced
Refunds Initiated
To be announced
Credit to Demat
To be announced
Listing on BSE & NSE
To be announced
IPO dates are subject to announcement and may change.
Jio Platforms IPO GMP
The latest recorded Jio Platforms IPO GMP is ₹145 as of October 5, 2026. However, the IPO's official price band has not been announced. Therefore, an estimated listing price or percentage gain cannot be reliably calculated from the current GMP.
GMP Date
IPO Price
GMP
Estimated Listing Price
Gain
October 5, 2026
To be announced
₹145
Cannot be calculated
Cannot be calculated
Grey Market Premium is based on unofficial market activity and can change significantly before the IPO listing. Disclaimer: GMP is sourced from the grey market and is indicative only. It is not an official price indicator and should not be considered a reliable predictor of the actual listing price.
Jio Platforms IPO Subscription Status
The Jio Platforms IPO subscription figures will be updated once the IPO opens for bidding. As the IPO opening date and price band have not yet been announced, live category-wise subscription data is currently not available.
Investor Category
Subscription
QIB
Not available yet
NII
Not available yet
Retail
Not available yet
Total
Not available yet
Once bidding begins, this section can be updated with the latest subscription figures from BSE and NSE.
Jio Platforms IPO Day-wise Subscription Trend
The day-wise subscription trend will become available after the IPO opens.
Day
Date
QIB
NII
Retail
Total Subscription
Day 1
To be announced
To be updated
To be updated
To be updated
To be updated
Day 2
To be announced
To be updated
To be updated
To be updated
To be updated
Day 3
To be announced
To be updated
To be updated
To be updated
To be updated
The day-wise subscription data will help investors track demand across QIB, NII and Retail categories during the bidding period.
Jio Platforms IPO Current Subscription Data
The current Jio Platforms IPO subscription data will be updated once bidding starts.
Category
Shares Offered
Shares Bid
Bid Amount (₹ Cr.)
QIB
To be updated
To be updated
To be updated
NII
To be updated
To be updated
To be updated
• Small NII
To be updated
To be updated
To be updated
• Big NII
To be updated
To be updated
To be updated
Retail
To be updated
To be updated
To be updated
Emp.
To be updated
To be updated
To be updated
Total
To be updated
To be updated
To be updated
As of now, live bidding data is not available because the IPO has not opened for subscription.
Jio Platforms IPO Lot Size
The IPO lot size has not yet been announced.
Investor Category
Lots
Shares
Investment
Retail Minimum
To be announced
To be announced
To be announced
Retail Maximum
To be announced
To be announced
To be announced
S-HNI Minimum
To be announced
To be announced
To be announced
S-HNI Maximum
To be announced
To be announced
To be announced
B-HNI Minimum
To be announced
To be announced
To be announced
Investment amounts will be calculated after the company announces the final price band and lot size.
Jio Platforms IPO Reservation
The proposed IPO reservation is as follows:
Investor Category
Reservation
QIB
Not more than 50% of the Net Issue
Retail
Not less than 35% of the Net Issue
NII
Not less than 15% of the Net Issue
About Jio Platforms
Jio Platforms Limited is a leading digital technology company in India, operating primarily through its subsidiary Reliance Jio Infocomm Limited (RJIL).
The company has built an integrated digital ecosystem covering telecommunications, broadband, digital entertainment, cloud services, enterprise connectivity, digital devices and emerging technologies.
As of March 31, 2026, Jio Platforms served more than 524 million customers through its telecommunications and digital services ecosystem.
Business Verticals
Consumer Digital Services:
Jio Platforms provides a wide range of consumer-focused services, including:
Mobile connectivity
Fixed broadband
Digital entertainment
Gaming
Cloud storage
Smart home products
AI-powered applications
Digital devices
Its consumer ecosystem includes platforms such as MyJio, JioTV+, JioSaavn, JioGames and JioAICloud.
Enterprise Digital Services:
The company provides technology and connectivity solutions to enterprises across sectors such as banking, manufacturing, utilities, transportation, government and information technology.
Its enterprise offerings include:
Cloud and IoT services
Cybersecurity
Managed services
Unified communications
Private 5G networks
Enterprise connectivity solutions
Technology Platform
Jio Platforms has developed an integrated technology platform covering network infrastructure, software applications, operating systems, cloud capabilities, digital devices and advanced technology solutions.
The company also has patent applications related to digital communications, cloud-native technologies, artificial intelligence and other emerging technologies.
As of March 31, 2026, Jio Platforms and its subsidiaries employed 28,163 full-time personnel.
Jio Platforms IPO Objectives
The company proposes to utilise the net proceeds from the IPO primarily toward the repayment or prepayment of borrowings of its material subsidiary, Reliance Jio Infocomm Limited (RJIL).
IPO Object
Amount
Prepayment/repayment of certain outstanding borrowings of RJIL
₹27,500.00 Cr
General Corporate Purposes
Balance amount
Total
₹27,500.00 Cr
The primary objective of the issue is therefore related to reducing or restructuring outstanding borrowings at the subsidiary level.
Jio Platforms Financial Performance
Jio Platforms has reported consistent growth in revenue and profitability over the reported financial periods.
Particulars (₹ Cr)
FY24
FY25
FY26
Assets
5,39,580.40
5,81,233.80
6,15,594.00
Total Income
1,10,175.40
1,29,333.00
1,49,759.10
Profit After Tax
21,434.00
26,120
30,052.70
EBITDA
54,958.70
64,170
76,255.40
Net Worth
2,77,866.10
3,04,022.40
3,34,013.40
Total Borrowing
54,349
73,060
70,781.00
Between FY25 and FY26, total income increased from ₹1,29,333 crore to ₹1,49,759.10 crore, representing growth of approximately 16%.
During the same period, PAT increased from ₹26,120.30 crore to ₹30,052.70 crore, while EBITDA increased from ₹64,170 crore to ₹76,255.40 crore.
The company also reported growth in net worth from ₹3,04,022.40 crore in FY25 to ₹3,34,013.40 crore in FY26.
Jio Platforms Key Financial Ratios
KPI
FY26
ROCE
10.76%
RoNW
9.42%
PAT Margin
20.46%
EBITDA Margin
51.91%
Jio Platforms reported a 51.91% EBITDA margin and a 20.46% PAT margin based on the supplied financial data. The company's profitability reflects the scale and operating economics of its digital and telecommunications ecosystem.
Jio Platforms IPO Valuation
The final IPO valuation will depend on the price band announced by the company.
Based on the supplied pre-IPO data:
Metric
Pre IPO
Post IPO
EPS
₹33.62
₹32.63
Promoter Holding
66.43%
To be updated
Market Cap
To be announced
To be announced
The IPO price band and final equity valuation are yet to be announced. Therefore, the final P/E ratio, market capitalisation and post-IPO valuation should be updated once the company announces the issue price.
Promoter Holding
Reliance Industries Ltd. is the promoter of Jio Platforms.
Particulars
Holding
Promoter
Reliance Industries Ltd.
Pre-IPO Promoter Holding
66.43%
Post-IPO Holding
To be announced
The final post-IPO promoter holding will depend on the final issue structure and shareholding details disclosed in the offer documents.
Jio Platforms Peer Comparison
Jio Platforms can be compared with major listed telecom companies such as Vodafone Idea and Bharti Airtel.
Company
EPS Basic
EPS Diluted
NAV
P/E
RoNW
Vodafone Idea
3.21
3
3.30
4.65x
—
Bharti Airtel
45.96
44
244.60
42.27x
20.32%
Jio Platforms Ltd.
33.63
34
373.66
To be determined
9.42%
Jio Platforms has a significantly broader digital ecosystem than a traditional telecom operator, with businesses spanning connectivity, cloud, entertainment, enterprise technology and AI-enabled services. Its final IPO valuation will be an important factor when comparing it with listed telecom peers.
Competitive Strengths
Large customer base: Jio Platforms had more than 524 million customers as of March 31, 2026, giving it significant scale across India's digital and telecom market.
Integrated digital ecosystem: The company combines connectivity with entertainment, cloud, gaming, digital applications, enterprise services and devices.
Strong financial growth: Total income increased from ₹1,10,175.40 crore in FY24 to ₹1,49,759.10 crore in FY26, while PAT increased from ₹21,434 crore to ₹30,052.70 crore.
High EBITDA margin: The company reported an EBITDA margin of 51.91% based on the supplied FY26 data.
Enterprise technology business: Jio Platforms provides cloud, IoT, cybersecurity, managed services and private 5G solutions to businesses and institutions.
Technology capabilities: The company's technology ecosystem includes cloud infrastructure, AI applications, digital communications and proprietary technology platforms.
Risks Investors Should Consider
The telecom and digital services industry is highly competitive and capital intensive.
Jio Platforms operates through a large ecosystem of businesses and subsidiaries, which can increase operational complexity.
The company and its subsidiaries have significant borrowing requirements.
The IPO proceeds are primarily intended toward repayment or prepayment of borrowings of RJIL.
Telecom businesses require continued investment in network infrastructure, technology and spectrum-related requirements.
Changes in regulations, tariffs, competition and technology could affect business performance.
The final IPO valuation may be a significant factor in determining the attractiveness of the issue.
GMP is unofficial and should not be used as the sole basis for an investment decision.
Should You Invest in Jio Platforms IPO?
Jio Platforms presents exposure to one of India's largest telecom and digital ecosystems, with more than 524 million customers and operations spanning connectivity, broadband, entertainment, cloud, enterprise technology, IoT, cybersecurity and AI-enabled services.
The company's financial performance has also shown consistent growth. Total income increased from ₹1,10,175.40 crore in FY24 to ₹1,49,759.10 crore in FY26, while PAT increased from ₹21,434 crore to ₹30,052.70 crore.
At the same time, investors should evaluate the company's borrowing levels, capital requirements, competitive environment and the intended use of IPO proceeds toward borrowings of RJIL.
The most important factor will be the final IPO price band and resulting valuation, which are yet to be announced. Investors should therefore assess Jio Platforms based on its earnings, growth prospects, customer scale, digital ecosystem, debt position, peer valuations and final IPO valuation rather than relying on GMP alone.
Jio Platforms IPO Allotment Status
The Jio Platforms IPO allotment date has not yet been announced.
After the IPO opens and the issue closes, investors will be able to check their application status through the IPO registrar, Kfin Technologies Ltd., using details such as PAN or application number.
The refund date and share credit date will be updated after the company announces the final IPO schedule.
Jio Platforms IPO Registrar
Kfin Technologies Ltd.
Plot No. 31 & 32, Financial District Nanakramguda, Serilingampally
Jio Platforms IPO is an upcoming book-built issue comprising 27.00 crore fresh equity shares. The company plans to list its shares on BSE and NSE, while the IPO opening date, closing date, price band, lot size and listing date are yet to be announced.
The company is the digital technology and telecommunications holding company behind the Reliance Jio ecosystem and had more than 524 million customers as of March 31, 2026. Its business spans mobile and fixed broadband, digital entertainment, gaming, cloud storage, enterprise connectivity, IoT, cybersecurity, private 5G, digital devices and AI-powered applications.
Jio Platforms reported total income of ₹1,49,759.10 crore and PAT of ₹30,052.70 crore in FY26. EBITDA stood at ₹76,255.40 crore, while net worth increased to ₹3,34,013.40 crore.
The proposed IPO proceeds are primarily intended for the prepayment or repayment of certain outstanding borrowings of Reliance Jio Infocomm Limited, with ₹27,500 crore identified toward the stated objectives in the supplied data.
Investors should evaluate the issue after the final IPO price band, valuation, timeline, lot size and offer document details are announced. The company's customer scale, financial growth and digital ecosystem are key strengths, while capital requirements, borrowings, competition and valuation remain important factors to consider.
FAQs
What is Jio Platforms IPO?
Jio Platforms IPO is an upcoming book-built IPO comprising 27.00 crore fresh equity shares, proposed to be listed on BSE and NSE.
When will Jio Platforms IPO open?
The Jio Platforms IPO opening date has not yet been announced.
When will Jio Platforms IPO close?
The IPO closing date has not yet been announced.
What is the Jio Platforms IPO price band?
The Jio Platforms IPO price band has not yet been announced.
What is the Jio Platforms IPO lot size?
The IPO lot size has not yet been announced.
What is Jio Platforms IPO GMP today?
The latest recorded Jio Platforms IPO GMP is ₹145 as of October 5, 2026. Since the official IPO price band has not been announced, an estimated listing price cannot currently be calculated reliably.
What is the Jio Platforms IPO listing date?
The Jio Platforms IPO listing date has not yet been announced. The shares are proposed to be listed on BSE and NSE.
What is the Jio Platforms IPO issue size?
The proposed issue consists of 27.00 crore equity shares, all through a fresh issue.
Who is the registrar of Jio Platforms IPO?
Kfin Technologies Ltd. is the registrar for Jio Platforms IPO.
Who are the lead managers of Jio Platforms IPO?
The disclosed lead managers include Kotak Mahindra Capital Co. Ltd., UBS Securities India Pvt. Ltd., ICICI Securities Ltd., JM Financial Ltd., JP Morgan India Pvt. Ltd., SBI Capital Markets Ltd. and several other financial institutions.
What are the objectives of Jio Platforms IPO?
The company proposes to use the IPO proceeds primarily for the prepayment or repayment of certain outstanding borrowings of Reliance Jio Infocomm Limited (RJIL).
How many customers does Jio Platforms have?
As of March 31, 2026, Jio Platforms served more than 524 million customers through its telecommunications and digital services ecosystem.
Who is the promoter of Jio Platforms?
Reliance Industries Ltd. is the promoter of Jio Platforms.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO dates, price band, GMP, subscription figures, financial information, valuation and other issue details may change. Investors should review the company's official offer documents and conduct their own due diligence before making any investment decision.
Author: Komal Bhatt
Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.
She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.
Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.
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