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Business · Updated 19 Oct, 06:00 am IST

Jio Platforms files ₹30,213 Cr IPO, open Oct 21–23 with ₹1,065–₹1,119 band

Image: Inc42

Why it matters for readers: It matters because Jio is a major digital player in India with large revenue, profit and a vast customer base.

  • The IPO is a fresh issue of up to 27 crore equity shares sized at ₹30,213 crore.1
  • The issue opens Oct 21 and closes Oct 23 with a price band of ₹1,065–₹1,119 per share.1
  • At the upper band the offering values Jio Platforms around ₹10.3 lakh crore.1
  • Proceeds are earmarked mainly to repay certain borrowings of Reliance Jio Infocomm (RJIL).1
  • Jio Platforms reported FY26 revenue of nearly ₹1.47 lakh crore, net profit of ₹30,049 crore, and RJIL had 533.3 million customers as of June 30, 2026.1
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