Jio Platforms IPO has opened as India’s biggest ever public issue. Here’s a clear breakdown of price band, dates, subscription status, and what investors should know.
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Jio Platforms, the digital and telecom arm of Reliance Industries, has launched India’s largest-ever initial public offering. The IPO opened on October 21, 2026, and is set to close on October 23, 2026.
The issue aims to raise up to ₹30,213 crore through a fresh issue of 27 crore shares. It has already seen strong interest, especially from institutional investors.
The Jio IPO got fully subscribed within the first few hours of opening on Day 1. Qualified Institutional Buyers (QIBs) showed very strong demand and subscribed multiple times their reserved portion. Retail and non-institutional categories also started seeing interest.
This quick subscription has made it one of the fastest fully subscribed IPOs in India.
Most of the money raised through the IPO will be used to repay or prepay borrowings of Reliance Jio Infocomm, the material subsidiary of Jio Platforms. The remaining amount will be used for general corporate purposes.
On the first day of the IPO, the grey market premium was trading in the range of ₹250–₹276 per share. Based on the upper price band of ₹1,119, this indicates a possible listing premium of around 22–25%. However, GMP is unofficial and can change.
Note: Always read the Red Herring Prospectus carefully and consult a financial advisor before investing. Past performance of the company or market does not guarantee future results.
