Jio Platforms IPO to raise Rs 30,213 crore, subscription opens October 21
Reliance unit Jio Platforms plans its share sale from October 21 to 23, with listing on BSE and NSE set for October 28, per Moody's.
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what happened
Jio Platforms, the digital and telecom arm of Reliance Industries, will open its IPO for subscription on October 21 and keep it open until October 23. The shares are expected to list on BSE and NSE on October 28, with allotment likely finalised on October 26.
The company aims to raise Rs 30,213 crore by issuing 27 crore new shares, all of them fresh equity. The price band is Rs 1,065 to Rs 1,119 per share. Retail investors can bid for a minimum lot of 12 shares, which requires about Rs 13,428 at the upper end. The issue will surpass Hyundai Motor India's Rs 27,800 crore IPO from October 2024 and become India's largest IPO by issue size.
According to Moody's, the grey market premium stands at Rs 245. Motilal Oswal and Shriram Finance both recommend subscribing for medium- to long-term horizons.
why it matters
An issue of this size can pull substantial liquidity out of Indian equities as investors set aside cash for the allotment. The deal also gives the market a reference point for valuing large unlisted digital and telecom assets.
market impact
Indian equities: a large issue may absorb liquidity, while telecom and digital services peers get a new valuation benchmark
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instruments
sources
- Reliance Jio IPO review: Apply or not? Bid now or buy shares post NSE, BSE debut? Check GMP, listing price prediction — Moody's, 20 October 2026 at 06:10 UTC
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