Jio IPO 2026
Did the Jio IPO open? Yes. The Jio Platforms IPO ran from 21 to 23 October 2026 at a price band of ₹1,065 to ₹1,119 per share. It is a fresh issue of up to 27 crore shares, roughly ₹30,000 crore at the upper band, and NSE data shows it was subscribed 12.45 times overall. As of 27 October 2026, NSE had not yet shown the issue price or the listing date.
Last updated: 27 October 2026. Data from NSE India and SEBI filings. Read the final offer document for the allotment and listing dates.
Disclaimer: This blog is for informational purposes only. It is not investment advice. Read the Red Herring Prospectus and consult a SEBI-registered investment adviser before investing in any IPO. Investments in securities markets are subject to market risks.
Jio IPO 2026: Key Details at a Glance
| Detail | Status |
|---|---|
| Company | Jio Platforms Limited (subsidiary of Reliance Industries Ltd) |
| Anchor bidding | 19 October 2026, for about 7.25 crore shares |
| Issue period | 21 to 23 October 2026 |
| Price band | ₹1,065 to ₹1,119 per share |
| Issue type and size | 100% fresh issue of up to 27 crore equity shares, about ₹30,000 crore at the upper band (our calculation). No offer for sale. |
| Lot size | 12 shares, about ₹13,428 at the upper band (our calculation) |
| Employee reservation | Up to ₹500 crore, with a discount of ₹54 per share and a maximum of ₹5,00,000 per employee |
| Eligible RIL shareholder reservation | Up to ₹2,500 crore, with a maximum of ₹2,00,000 per shareholder |
| Registrar | KFin Technologies Limited |
| Lead managers | A large syndicate led by Kotak Mahindra Capital, with Morgan Stanley India, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, J.P. Morgan India, SBI Capital Markets and others |
| Listing exchanges | NSE and BSE, with NSE as the designated exchange |
| Issue price and listing date | Not yet shown by NSE as of 27 October 2026 |
Source: NSE India IPO pages and past issues data, read on 26 and 27 October 2026; Jio Platforms Limited Red Herring Prospectus and Abridged Prospectus on sebi.gov.in. Rupee amounts for share-count issues are our arithmetic at the upper price band.
How Many Times Was the Jio IPO Subscribed?
According to NSE bid data read after the issue closed, the Jio Platforms IPO received bids for about 24.6 crore shares against about 19.75 crore shares on offer (excluding the anchor portion). That is 12.45 times overall. Here is how the categories compared:
| Category | Subscription |
|---|---|
| Qualified institutional buyers | 37.22 times |
| Non-institutional investors | 9.91 times (bids above ₹10 lakh: 11.31 times; ₹2 to 10 lakh: 7.12 times) |
| Retail individual investors | 1.71 times |
| Eligible RIL shareholders | 5.37 times |
| Employees | 1.87 times |
Source: NSE India bid details for the Jio Platforms IPO, read on 26 October 2026. Subscription is the number of shares bid for divided by the shares offered in that category.
What Happens After the Jio IPO Closes?
After an IPO closes, the registrar finalises the basis of allotment, and shares reach the demat accounts of investors who were allotted. Money for applications that did not get shares is unblocked. Under SEBI’s T+3 timeline, listing normally follows within three working days after the issue closes. NSE had not shown the Jio issue price or listing date when we checked, so check NSE and the registrar’s website (KFin Technologies) for the allotment status and listing date.
Who Could Apply for the Jio IPO?
- Retail individual investors: bids up to ₹2,00,000.
- Eligible Reliance Industries (RIL) shareholders: a separate reservation of up to ₹2,500 crore, with a maximum bid of ₹2,00,000. We could not find the record date and minimum bid for this category in the documents we read.
- Employees: a reservation of up to ₹500 crore at a discount of ₹54 per share, with a maximum of ₹5,00,000.
- Non-institutional investors: bids above ₹2 lakh.
- Qualified institutional buyers: mutual funds, insurers, banks and similar institutions.
The RIL shareholder and employee categories were open for UPI applications.
What Is Jio Platforms The Business Behind the Jio IPO
Jio Platforms Limited is not solely a telecom company. It is a digital conglomerate incorporated in 2019 as a holding company for Reliance Industries’ digital and technology businesses. Its primary operating subsidiary is Reliance Jio Infocomm Limited (RJIL), which operates India’s largest telecom network. Beyond connectivity, Jio Platforms encompasses digital applications, cloud infrastructure, enterprise software, devices, and an AI infrastructure layer being built under the Reliance Intelligence subsidiary.
524 Mn
Subscribers
India’s largest telecom operator by subscriber count as of AGM June 2026
268 Mn
5G Users
Largest 5G user base of any single-country operator outside China
51.9%
EBITDA Margin
FY2026, per DRHP financials. EBITDA grew 18.8% to Rs. 76,255 crore.
How to Apply for an IPO Like Jio’s
- Open a demat account. You need an active demat account linked to your PAN and a bank account that supports UPI or ASBA.
- Read the offer document. The Red Herring Prospectus has the price band, lot size and dates.
- Place your bid. Use your broker’s app or net banking, choose your lot size and a price within the band, and approve the UPI mandate before the cut-off time on the last day.
- Wait for the allotment. Your money stays blocked and is debited only if you receive shares.
- Check allotment and listing. See the registrar’s website and NSE for the status and the listing date.
See the IPOs that are open now in our upcoming IPOs in India guide.
Open a Demat Account Before the Next IPO
You need an active demat account to apply for any IPO in India. The Jio IPO has closed, but new IPOs open every week, so it helps to have your account verified and ready before the next issue. PickMyWork partners earn by helping people open demat accounts.
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- Best Demat Accounts in India 2026
- How to Earn Money Online Without Investment in India 2026
- Best UPI Credit Cards in India 2026
- All Financial Products Available on PickMyWork
Frequently Asked Questions: Jio IPO 2026
- Is the Jio IPO open?
No. The Jio Platforms IPO ran from 21 to 23 October 2026 and has closed. The price band was ₹1,065 to ₹1,119 per share, according to NSE. - What was the Jio IPO price band?
₹1,065 to ₹1,119 per share. The lot size was 12 shares, so the minimum application was about ₹13,428 at the upper band (our calculation). NSE had not shown the final issue price when we checked on 27 October 2026. - How big is the Jio IPO?
It is a 100% fresh issue of up to 27 crore equity shares, which is roughly ₹30,000 crore at the upper price band by our calculation. There is no offer for sale. - How many times was the Jio IPO subscribed?
According to NSE bid data, 12.45 times overall: qualified institutional buyers 37.22 times, non-institutional investors 9.91 times, retail investors 1.71 times, eligible RIL shareholders 5.37 times and employees 1.87 times. - What is the Jio IPO listing date?
NSE had not shown the listing date as of 27 October 2026. Under SEBI’s T+3 timeline, listing normally follows within three working days after the issue closes. Check NSE for the confirmed date. - What was the Jio IPO shareholder quota?
Eligible Reliance Industries shareholders had a reservation of up to ₹2,500 crore, with a maximum bid of ₹2,00,000. We could not find the record date and minimum bid in the documents we read. - Is the Jio IPO only a fresh issue?
Yes. NSE and the prospectus describe a fresh issue of up to 27 crore shares and no offer for sale, so the money raised goes to the company. - Who is the registrar for the Jio IPO?
KFin Technologies Limited. You can check your allotment status on its website. - Do I need a demat account to apply for an IPO?
Yes. A demat account is required to apply for any book-built IPO in India, and applications are made through UPI or ASBA.
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