Jio Platforms IPO: ₹30,213 Crore Issue Set to Make History as Anchor Bidding Begins

Jio Platforms, the digital services business associated with Reliance Industries, is approaching a major milestone with its proposed initial public offering (IPO). According to the details provided, the company aims to raise approximately ₹30,213 crore through the issue, which is scheduled to open on October 21, 2026, and close on October 23. The reported price band is ₹1,065 to ₹1,119 per share. Anchor investor bidding is scheduled for October 19, a key stage that allows eligible institutional investors to place bids before the public subscription begins. The proposed issue could become India’s largest IPO if the reported size and final terms are confirmed.

Jio Platforms reported approximately 533.3 million subscribers as of June 30, 2026, and continues to expand beyond mobile connectivity into home broadband, enterprise services, cloud solutions and artificial intelligence. The financial figures provided for the first quarter of FY2026–27 include revenue of ₹39,713 crore, EBITDA of ₹20,865 crore and net profit of ₹7,764 crore. The company has also attracted investments from global technology companies, including Meta and Google. According to the supplied information, IPO proceeds are expected to be used largely for repayment or prepayment of loans taken by a subsidiary, along with general corporate purposes. Although the proposed issue could surpass Hyundai Motor India’s approximately ₹27,870 crore IPO in 2024, investors should assess the valuation, financial performance, competition and market conditions carefully. The reported figures and schedule should be checked against the final offer documents and official announcements.