India’s biggest IPO is almost here. Jio Platforms, the company that owns Reliance Jio, is reportedly set to open its share sale to the public on October 21, 2026, and it is expected to raise about ₹30,000 crore. If it goes ahead as planned, it will beat the NSE’s ₹22,562 crore IPO to become the largest in the country.
Here’s everything we know so far, in plain language.
Jio Platforms IPO dates
These are the dates reported so far, according to Outlook Money and other trackers:
- Anchor investors: October 19
- Opens for the public: October 21
- Closes: October 23
- Allotment: around October 26
- Listing on BSE and NSE: around October 28
Price band, lot size and issue size
Price band: ₹1,065 to ₹1,119 per share, as reported by Kotak Neo. Some earlier reports had mentioned a higher range.
Lot size: 13 shares, according to one tracker. That means a minimum investment of about ₹14,500 at the top of the price band.
Issue size: about 27 crore new shares, worth roughly ₹30,213 crore at the upper end.
Valuation: about ₹10.3 lakh crore, or roughly $106–107 billion.
Who gets what: 35% of the issue is reportedly set aside for retail investors, 50% for big institutions and 15% for wealthy individuals (HNIs).
The final numbers will be in the company’s red herring prospectus (RHP). Always check it before you apply.
What will Jio do with the money?
A large part of the money is expected to go towards paying down the debt of Reliance Jio Infocomm, the telecom business. Jio filed its draft papers in June, and market regulator SEBI gave its approval on August 28.
Things to think about before you apply
Big IPOs don’t always mean big listing gains. An unofficial grey market premium of around ₹170 per share has been reported, but grey market numbers are not reliable and can change quickly.
Competition is coming. Elon Musk has promised affordable Starlink internet in India. Read about the Musk vs Ambani fight and why the timing matters.
Markets are shaky. Foreign investors have been selling Indian shares heavily in October, and the rupee has been under pressure. See what the RBI did to support the rupee.
Apply only with money you can stay invested with. If you are thinking long term, the listing-day price matters less than the business itself.
Questions to think about
- Is a big brand name a good enough reason to apply for an IPO?
- How could competition from satellite internet affect Jio’s growth?
- Would you apply in the IPO, or wait and watch the listing first?
Details are based on reports by Outlook Money, Kotak Neo, IPO Watch and Al Jazeera (Reuters) as of October 12, 2026, and may change in the final RHP. This is not investment advice.
