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IPO ·
NSE, BSE
Jio Platforms Ltd
Listed
Reliance group digital services company providing mobile and fixed broadband, cloud, IoT and AI services to consumers and enterprises in India.
Issue details
Price band
₹1,065 – ₹1,119
Face value
₹10
Lot size
12 shares
Minimum investment
₹13,428
Issue size
₹30,188 Cr
Fresh issue
₹30,188 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
21 Oct 2026
Closes
23 Oct 2026
UPI mandate cut-off
5:00 PM on 23 Oct 2026
Allotment
26 Oct 2026
Refunds
27 Oct 2026
Shares in demat
27 Oct 2026
Listing
28 Oct 2026
Subscription and listing
Subscription
21.36x
Listing price
₹1358
Registrar
KFin Technologies Ltd
Lead manager
Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Axis Capital, Citigroup Global Markets and others (19 total)
Subscription by category
QIB (Ex Anchor)
67.15x
NII
13.99x
bNII (> ₹10L)
15.88x
sNII (< ₹10L)
10.20x
Retail
2.76x
Employee
2.91x
Shareholders
7.59x
Total
21.36x
Total applications
1,28,83,359
Anchor investors
Amount raised
₹8,109.85 Cr
Bid date
19 Oct 2026
50% lock-in ends
24 Nov 2026
Rest lock-in ends
23 Jan 2027
Listing day
Issue price
₹1119
Open
₹1,358.00
High
₹1,423.90
Low
₹1,357.00
Day close
₹1,417.50
Listing gain at open
+21.36%
Issue structure
Shares reserved per category and share of the total issue
QIB
12,14,81,893
44.99%
Anchor Investor
7,24,74,066
26.84%
QIB (Ex. Anchor)
4,90,07,827
18.15%
NII
3,64,44,569
13.50%
bNII > ₹10L
2,42,96,380
9.00%
sNII < ₹10L
1,21,48,189
4.50%
Retail
8,50,37,327
31.50%
Employee
46,94,835
1.74%
Shareholders
2,23,41,376
8.27%
Total
27,00,00,000
100.00%
Finaccle’s quick read
Apply for long term
Income up 16% and PAT up 15% in FY26 with a 20.46% PAT margin and low borrowings against net worth, but RoNW is only 9.42% and the post-issue P/E of 33.19x looks full.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Jio Platforms is Reliance Industries' digital and telecom holding company, operating mainly through Reliance Jio Infocomm. It sells mobile and fixed broadband, digital entertainment, cloud and enterprise connectivity, IoT and AI services across India. It had about 533 million customers in June 2026 and FY26 income of roughly ₹1.5 lakh crore.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
9.42%
ROCE
—
Debt / equity
—
PAT margin
20.46%
P/E post issue
33.19
Market cap
₹10,30,490.55 Cr
Use of IPO money
Prepayment of certain borrowings of material subsidiary RJIL
₹27,500.00 Cr
General corporate purposes
₹2,217.90 Cr
Issue expenses
₹469.70 Cr
Strengths
✓
Largest digital connectivity platform in India with 533 million customers
✓
Steady growth: income up 16% and PAT up 15% in FY26
✓
EBITDA margin above 50%
✓
Entirely fresh issue, mostly used to cut subsidiary debt
✓
Own 5G stack, AI platform and large patent portfolio
Risks to watch
!
Return on net worth under 10% on a very large equity base
!
Post-issue P/E of about 33x is full for a telecom business
!
Capital-intensive network needing continuous spectrum and capex spend
!
Pricing and regulation risk in a three-player telecom market
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.