Jio Platforms IPO
Bookbuilding IPO | ₹30,213.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Wed, Oct 21, 2026
IPO Close
Fri, Oct 23, 2026
Price Band
₹1,065.00 to ₹1,119.00
Market Cap (Pre-IPO)
₹1,030,490.55 Cr
IPO Details
| IPO Date | Oct 21, 2026 to Oct 23, 2026 |
| Listing Date | Tentative: Oct 28, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹1,065.00 to ₹1,119.00 |
| Lot Size | 12 Shares (Minimum: ₹13,428.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹30,213.00 Crores |
| Total Shares Offered | 270,000,000 shares |
| Fresh Issue | 270,000,000 shares |
| Offer For Sale | 270,000,000 shares |
Jio Platforms IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
Jio Platforms IPO Lot Size
Investors can bid for a minimum of 12 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹13,428 |
| Retail (Max) | 14 | 168 | ₹187,992 |
| S-HNI (Min) | 15 | 180 | ₹201,420 |
| S-HNI (Max) | 74 | 888 | ₹993,672 |
| B-HNI (Min) | 75 | 900 | ₹1,007,100 |
Jio Platforms Financial Information (Restated Consolidated)
Jio Platforms Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 622,905.30 | 615,594.00 | 581,233.80 | 539,580.40 |
| Total Income | 40,197.90 | 149,759.10 | 129,333.00 | 110,175.40 |
| Profit After Tax | 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 | 341,778.50 | 334,013.40 | 304,022.40 | 277,866.10 |
| Reserves and Surplus | 332,839.50 | 325,074.40 | 295,083.40 | 268,927.10 |
| Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| RoNW (Return on Net Worth) | 9.42% |
| PAT Margin (Profit After Tax Margin) | 20.46% |
| EBITDA Margin | 51.91% |
| Price to Book Value | 2.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 33.62 | 33.72 |
| P/E (x) | 33.28 | 33.19 |
Company Overview
Jio Platforms Limited – Company Overview
- Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. The Company has developed proprietary digital technology and pan-India connectivity infrastructure to serve consumers and businesses.
- Through its subsidiary, Reliance Jio Infocomm Limited, the Company provides digital connectivity services and served 533.3 million customers as of June 30, 2026.
- The Company operates an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI).
- Consumer Offerings: Include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions.
- Enterprise Solutions: Include enterprise connectivity, cloud and security solutions, managed services, IoT applications and AI-based solutions.
- The Company's proprietary technology capabilities span network infrastructure, device engineering, software, operating systems and digital applications.
- As of June 30, 2026, the Company's infrastructure included pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks. Its wireless broadband network covered more than 99% of India's population.
- As of June 30, 2026, the Company and its subsidiaries had filed 7,220 patent applications, of which 1,043 had been granted.
- Its technology initiatives include an indigenous 5G technology stack, the proprietary AI platform JioBrain and fixed wireless access technology. The Company also leverages a nationwide distribution network and partnerships to expand access to digital services.
- As of June 30, 2026, the Company had 27,932 full-time employees and engaged 63,795 personnel on a contractual basis. Its workforce spans digital product and technology development, business operations, sales and distribution, customer service, network operations and corporate functions.
Company Strengths
- Leadership in digital connectivity and services across India.
- Diversified portfolio of consumer and enterprise digital services.
- Large and highly engaged customer base with nationwide reach.
- Nationwide digital distribution network and strategic group synergies.
- Proven ability to scale operations and deploy new technologies rapidly.
- Extensive pan-India network infrastructure with 4G and 5G capabilities.
- Proprietary technology platform with in-house engineering and full-stack capabilities.
- Strong innovation capabilities supported by patents, AI and technology development.
Use of Proceeds
| 1) | Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | 27,500.00 |
| 2) | General corporate purposes. | |
| Total | 27,500.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Jio Platforms IPO Peer Comparison
Jio Platforms peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Jio Platforms Ltd. | 33.63 | 33.59 | 373.66 | - | 9.42 | - | Consolidated |
| Bharti Airtel Ltd. | 45.96 | 44.37 | 244.60 | 40.71 | 20.32 | - | Consolidated |
| Vodafone Idea Ltd. | 3.21 | 3.21 | -3.30 | 3.99 | - | - | Consolidated |
Quick Info
| Sector | technology, telecommunications, and digital services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,030,490.55 Cr |
Important Dates
| IPO Open | Oct 21, 2026 |
| IPO Close | Oct 23, 2026 |
| Allotment Date | Oct 26, 2026 |
| Credit to Demat | Oct 27, 2026 |
| Listing Date | Tentative: Oct 28, 2026 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹30,213.00 crores.
- Issue Structure: The issue is entirely a fresh issue of 27.00 crore shares aggregating to ₹30,213.00 crores.
- IPO Dates: The issue opens for subscription on October 21, 2026 and closes on October 23, 2026.
- Allotment Date: The allotment is expected to be finalized on October 26, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 28, 2026.
- Retail Investment Requirement: Minimum 1 lot (12 shares) amounting to approximately ₹13,428 at the upper price band.
- Employee Reservation: The issue includes a reservation of up to 46,94,835 shares for employees, offered at a discount of ₹54 per share to the issue price.
- Issue Price Band: ₹1,065 to ₹1,119 per equity share.
- Lot Size: 12 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.