Jio IPO, India’s Largest Public Issue, Opens for Subscription: Key Details

Key points

• Jio Platforms plans to raise Rs 30,213 crore through a fresh issue of up to 27 crore shares.
• The IPO opens on October 21 and closes on October 23, 2026.
• The price band is set at Rs 1,065 to Rs 1,119 per share, valuing the company at around $108 billion.
• Eligible shareholders can reserve up to Rs 2,500 crore, while employees can reserve up to Rs 500 crore.
• The listing date is scheduled for October 28, 2026, on BSE and NSE.
• Jio IPO is expected to surpass Hyundai Motor India's Rs 27,870 crore IPO from 2024.
• Jio shares are trading at a grey market premium of around 22%, indicating strong demand.
• The IPO could make Jio India's fourth-most valuable listed company.
• Reliance Industries may surpass Tata Group as India's most valuable conglomerate post-IPO.
• Brokerages recommend subscribing to the IPO due to Jio's strong market position and growth potential.