Physical Address
Ahmedabad 380009
Jio Platforms IPO Price Band Set at ₹1,065–₹1,119, Eyes ₹30,200 Crore Raise
The offer could value Jio at up to ₹10.3 lakh crore and become India’s largest IPO ever.
Category: Business › Companies › IPO | Source: Moneycontrol | Source published: 9 October 2026
Tags: Jio Platforms, Jio IPO, IPO Price Band, Jio IPO Valuation, Jio IPO Date, Reliance Jio, Largest IPO India, IPO News
Key Highlights
- Price band: ₹1,065–₹1,119 per share.
- Issue size: about ₹28,755 crore to ₹30,213 crore.
- Valuation: up to ₹10.3 lakh crore (around $107 billion) at the upper end of the band.
- Fresh issue: up to 27 crore equity shares, about 2.93% of post-issue equity capital.
- Record: it would surpass Hyundai Motor India’s ₹27,870 crore IPO from 2024.
- Listing: expected on 28 October 2026.
Lead Paragraph
Jio Platforms is reportedly preparing to launch its IPO with a price band of ₹1,065–₹1,119 per share. The offer could raise about ₹30,200 crore and value the company at up to ₹10.3 lakh crore. If it goes ahead as reported, it would be India’s largest public issue.
IPO at a Glance
| Detail | Reported figure |
| Price band | ₹1,065–₹1,119 per share |
| Fundraising | ₹28,755 crore to ₹30,213 crore |
| Valuation (upper band) | About ₹10.3 lakh crore ($107 billion) |
| Fresh issue | Up to 27 crore shares |
| Stake offered | About 2.93% of post-issue equity |
| Anchor book opens | 19 October 2026 |
| Public subscription | 21–23 October 2026 |
| Listing date | 28 October 2026 |
Pricing and Valuation
Jio’s IPO reflects its position as a major player in India’s telecom and digital services industry. At the upper end of the price band, the company is targeting a valuation of about ₹10.3 lakh crore. That is below earlier expectations of $130–170 billion, which points to more cautious pricing amid weakness in Indian equity markets.
IPO Timeline
The reported schedule is:
- 19 October: anchor investor book could open.
- 21–23 October: public subscription.
- 28 October: shares expected to list.
The dates are subject to the final offer documents and the confirmed schedule.
Why It Matters
The offering could set a new record for IPO fundraising in India, beating Hyundai Motor India’s ₹27,870 crore issue from 2024. It also gives public-market investors a chance to take part in Jio’s long-term growth.
Use of IPO Proceeds
The proceeds are mainly meant to repay borrowings of Reliance Jio Infocomm, Jio’s telecom subsidiary. Lower debt could improve financial flexibility and support future investment in telecom infrastructure and digital services.
What Investors Should Check
Before investing, assess:
- The final valuation
- Financial performance
- Debt position
- Growth prospects
Bottom Line
The reported price band and the raise of more than ₹30,000 crore show the scale of this IPO. Jio’s telecom and digital businesses give it a strong growth base. Investors should still review the final offer documents before deciding.
Source: Moneycontrol: Jio Platforms sets IPO price band at Rs 1,065–1,119 per share: Report
Disclaimer: The price band and schedule were reported on 9 October 2026 and are tentative until confirmed in the final offer documents. This article is for information only and is not investment advice.
