Jio Platforms IPO: price band ₹1,065-1,119, bidding 21 to 23 October, minimum ₹13,428
Jio Platforms' public offer runs from 21 to 23 October 2026 at ₹1,065-1,119 a share, all of it new shares worth about ₹30,213 crore at the top of the band. Lot size, dates, quotas and use of money in one place.
Jio Platforms Limited, the Reliance Industries subsidiary that runs Jio’s telecom and digital businesses, has set the price band for its initial public offering (IPO, the first sale of a company’s shares to the public) at ₹1,065 to ₹1,119 per share. The price band is the range within which investors bid; the final price is fixed inside it after bidding closes. Bidding runs from 21 to 23 October 2026. Shares are sold in lots of 12, and a retail investor must bid for at least one lot, which costs ₹13,428 at the top of the band (₹12,780 at the bottom). At ₹1,119 the whole issue is worth about ₹30,213 crore, all of it new shares, and reports describe it as the largest IPO in India.
Key facts
| Item | Detail |
|---|---|
| Price band | ₹1,065 to ₹1,119 per share (face value ₹10) |
| Lot size | 12 shares, then multiples of 12 |
| Minimum bid | ₹13,428 (12 × ₹1,119); ₹12,780 at ₹1,065 |
| Anchor investor bidding | 19 October 2026 (expected) |
| Bidding period | 21 to 23 October 2026 |
| Basis of allotment | 26 October 2026 (tentative) |
| Refunds, shares to demat accounts | 27 October 2026 (tentative) |
| Trading starts | 28 October 2026, on BSE and NSE (expected) |
| Issue size at ₹1,119 | About ₹30,213 crore |
| Fresh issue (new shares) | Up to 27 crore shares; no offer for sale |
| Quota (per Chittorgarh) | Qualified institutional buyers up to 50% of the net issue, retail at least 35%, non-institutional at least 15% |
| Employee portion | Up to ₹500 crore, with a ₹54 a share discount for eligible employees |
| Reliance shareholder portion | Up to ₹2,500 crore |
| Registrar | KFin Technologies |
| Lead managers | 19, including Kotak Mahindra Capital, Morgan Stanley, BofA Securities, JP Morgan and Goldman Sachs |
How the issue is split
The issue is entirely a fresh issue: the company creates new shares and keeps the money. There is no offer for sale (OFS, where existing shareholders sell their own shares and receive the money), so no existing shareholder is selling in this issue.
Anchor investors are large institutions, such as mutual funds and insurers, that bid a day or two before the issue opens to the public. Retail investors are individuals bidding up to ₹2 lakh. Part of the issue is set aside for eligible Reliance Industries shareholders: individuals and Hindu Undivided Families (HUFs) who held Reliance shares on 14 October 2026, subject to the conditions in the prospectus.
What the money is for
According to reports on the prospectus, up to ₹27,500 crore of the proceeds is for repaying or prepaying borrowings of Reliance Jio Infocomm Limited, a wholly owned subsidiary of Jio Platforms. The balance is for general corporate purposes. Tech Times reports that Reliance Industries holds 66.43% of Jio Platforms before the issue.
Where the filing stands
Jio Platforms filed its draft prospectus with the market regulator SEBI on 19 June 2026 and, according to Tech Times, received SEBI’s observation letter on 28 August 2026 (the Economic Times report says only “August”). It filed the red herring prospectus (the offer document filed before the price is fixed) with the Registrar of Companies, Gujarat, on 14 October 2026, and Reliance Industries informed the exchanges the same day.
Basis of these figures
The red herring prospectus and the price band advertisement could not be opened for this article. Every figure comes from published reports and data pages: Upstox (price band, dates, lot size, face value, quotas for employees and Reliance shareholders, registrar, lead managers), Tech Times (use of money, filing history), Chittorgarh (issue size, quota split) and an Economic Times report (fresh issue size, filing dates). They agree on the price band, dates, lot size and issue size. The minimum bid amounts and the ₹30,213 crore figure are our arithmetic (12 × ₹1,119 = ₹13,428; 12 × ₹1,065 = ₹12,780; 27 crore × ₹1,119). This article reports the issue’s terms only. It carries no view on whether to apply and no unofficial pre-listing price data.