JP
Jio Platforms Limited IPO
Digital Services & Technology · 4G/5G Connectivity · Proprietary AI · Ahmedabad, Gujarat
📋 Mainline IPO
Fresh Issue Only
BSE, NSE
₹1,119
Upper Price
₹30,213.00 Cr
Issue Size
Oct 28, 2026
Listing Date
₹10,30,490.55 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Wednesday, 21 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 23 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 26 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 27 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 28 October 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date21 October 2026 (Wed)
IPO Close Date23 October 2026 (Fri)
Listing Date28 October 2026 (Wed)
Face Value₹10 per share
Price Band₹1065 to ₹1119
Issue Price (Upper Band)₹1119 per share
Issue TypeBookbuild IPO — Fresh Issue Only
Lot Size12 shares (Min App: 1 Lot / 12 Shares)
Total Issue Size27,00,00,000 shares (₹30,213 Cr)
Fresh Issue27,00,00,000 shares (₹30,213 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Employee Discount₹54.00 per share
Pre-Issue Shares8,93,90,30,830
Post-Issue Shares9,20,90,30,830
Promoter Holding (Pre → Post)66.43% → 64.48%
Market Cap (At Upper Band)₹10,30,490.55 Cr
Listing ExchangeBSE, NSE
Lead ManagersKotak Mahindra, Morgan Stanley, BOFA Securities, Axis Capital, BNP Paribas, Citigroup, CLSA, Dam Capital, Goldman Sachs, HDFC Bank, HSBC, ICICI Sec, IIFL, Jefferies, JM Financial, JP Morgan, SBI Capital, UBS, 360 One WAM
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹1119| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 12 | ₹13,428 |
| Retail — Maximum | 14 | 168 | ₹1,87,992 |
| S-HNI (sNII) — Min | 15 | 180 | ₹2,01,420 |
| S-HNI (sNII) — Max | 74 | 888 | ₹9,93,672 |
| B-HNI (bNII) — Min | 75 | 900 | ₹10,07,100 |
⚠️ Note: Investors can bid for a minimum of 12 shares and in multiples thereof. Eligible employees receive a dedicated discount of ₹54.00 per equity share. Additionally, the issue incorporates a distinct Shareholder Quota for eligible holders of Reliance Industries Ltd.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 6,22,905.30 | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
| Total Income | 40,197.90 | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| PAT | 7,764.10 | 30,052.70 | 26,120.30 | 21,434.00 |
| EBITDA | 20,864.50 | 76,255.40 | 64,170.00 | 54,958.70 |
| Net Worth | 3,41,778.50 | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
| Reserves & Surplus | 3,32,839.50 | 3,25,074.40 | 2,95,083.40 | 2,68,927.10 |
| Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
Income Growth
FY 2023–24₹1,10,175.40 Cr
FY 2024–25₹1,29,333.00 Cr
FY 2025–26₹1,49,759.10 Cr
🎯 Key Performance Indicators
2.30%
RoNW (Jun 26)
9.42% (Mar 26)
19.82%
PAT Margin (Jun 26)
20.46% (Mar 26)
53.26%
EBITDA Margin (Jun 26)
51.91% (Mar 26)
2.93x
Price/Book (Jun 26)
2.99x (Mar 26)
₹382.34
NAV (Jun 26)
₹373.66 (Mar 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹33.62
FY26 earnings + pre-issue shares
P/E: 33.28xPost-IPO EPS
₹33.72
Annualised earnings basis
P/E: 33.19xPrice to Book Value
2.93x
At upper price band ₹1119
Market Cap
₹10,30,490.55 Cr
At upper offer price ₹1119
ℹ️
Pre-IPO EPS (₹33.62) is based on pre-issue equity of 8,93,90,30,830 shares and FY26 restated PAT of ₹30,052.70 Cr. Post-issue EPS (₹33.72) reflects annualized Q1 FY27 earnings of ₹7,764.10 Cr applied to an expanded post-issue equity base of 9,20,90,30,830 shares resulting from the fresh issuance of 27,00,00,000 shares. Post-IPO Market Cap is projected to reach ₹10,30,490.55 Cr at the upper band.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL
₹27,500.00 Cr
2
General corporate purposes
Balance
Total Fresh Issue Goal
₹30,213.00 Cr
🏢 About Jio Platforms Ltd.
Est. 2019 · Ahmedabad, Gujarat · Digital Services & Connectivity InfrastructureJio Platforms Limited, incorporated on November 15, 2019, is a premier technology enterprise pioneering digital connectivity, advanced digital services, and proprietary technology-led solutions across India. Operating primarily through its subsidiary, Reliance Jio Infocomm Limited, the company commanded a massive subscriber base of 533.3 million customers as of June 30, 2026. The business operates an integrated technology ecosystem encompassing wireless and fixed broadband connectivity, smart home infrastructure, cloud computing, enterprise security solutions, Internet of Things (IoT), and artificial intelligence (AI).
The company’s formidable infrastructure is anchored by a pan-India 4G and 5G network reaching over 99% of India’s population. This is augmented by extensive fibre connectivity across more than 1,200 facilities and over 100 dedicated edge nodes as of June 30, 2026. A strong emphasis on intellectual property and in-house innovation drives its technological edge; the company holds an indigenous 5G technology stack and has developed the proprietary AI platform, ‘JioBrain’. As of June 30, 2026, the company and its subsidiaries had filed 7,220 patent applications, achieving 1,043 granted patents. The massive scale of operations is managed by a workforce comprising 27,932 full-time employees and 63,795 contractual personnel.
Brand Ecosystem
📱
Reliance Jio Infocomm
Subsidiary delivering mobile and fixed broadband connectivity to 533.3 million customers.
🧠
Proprietary AI ‘JioBrain’
In-house artificial intelligence platform powering digital services and enterprise solutions.
📡
Indigenous 5G Tech Stack
Proprietary 5G network infrastructure and fixed wireless access technologies covering 99%+ population.
☁️
Cloud & Enterprise Solutions
Cloud storage, virtual PC services, managed IoT, and enterprise connectivity security.
Competitive Strengths
🏆Undisputed leadership in India’s digital connectivity landscape with a massive, highly engaged user base.
🚧Extensive pan-India network infrastructure featuring proprietary 4G and 5G capabilities and 100+ edge nodes.
🔬Robust in-house innovation supported by 1,043 granted patents and a comprehensive proprietary technology stack.
📈Exceptional financial scale, generating ₹1,49,759.10 Cr in FY26 revenues and maintaining strong 20.46% PAT margins.
Company Promoters
RI
Reliance Industries Ltd.
Corporate Promoter, Jio Platforms Ltd.
📅 Key Dates
IPO Opens21 Oct 2026
IPO Closes23 Oct 2026
Allotment26 Oct 2026
Refund & Share Credit27 Oct 2026
Listing Day28 Oct 2026
💡 Quick Summary
Price Band₹1065 – ₹1119
Upper Price₹1119 / share
Lot Size12 shares
Min. Investment (Retail)₹13,428 (1 Lot)
Issue Size₹30,213.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Managers
Kotak Mahindra, Morgan Stanley, BOFA Sec,
Axis, BNP, Citi, CLSA, Dam Capital, Goldman,
HDFC, HSBC, ICICI, IIFL, Jefferies, JM, JPM,
SBI Cap, UBS, 360 One
Axis, BNP, Citi, CLSA, Dam Capital, Goldman,
HDFC, HSBC, ICICI, IIFL, Jefferies, JM, JPM,
SBI Cap, UBS, 360 One
📍 Registered Address
Jio Platforms Ltd.
Office – 101, Saffron, Nr. Centre Point,
Panchwati 5 Rasta, Ambawadi,
Ahmedabad, Gujarat — 380006
📞 +91 22 7967 0000
[email protected]
Office – 101, Saffron, Nr. Centre Point,
Panchwati 5 Rasta, Ambawadi,
Ahmedabad, Gujarat — 380006
📞 +91 22 7967 0000
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Jio Platforms IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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