Reliance Jio IPO 2026
India's biggest-ever IPO. Jio Platforms opens for subscription on 21 October 2026 at a price band of ₹1,065-₹1,119 per share, raising about ₹30,000 crore. Listing expected 28 Oct on BSE & NSE.
Price Band
₹1,065-1,119
Lot (12 shares)
₹13,428
GMP (18 Oct)
~₹250 (+22%)
Listing
28 Oct 2026
Last updated: 18 October 2026. GMP is unofficial & indicative.
Reliance Jio IPO - quick summary
The Reliance Jio Platforms IPO opens 21 October 2026 and closes 23 October 2026, with a price band of ₹1,065-₹1,119 per share and a lot size of 12 shares (₹13,428 minimum). It is a ~₹30,000 crore 100% fresh issue. Allotment is expected on 26 Octand listing on BSE & NSE on 28 Oct 2026. The latest grey market premium (GMP) is about ₹250 (+22%) as of 18 Oct 2026 - unofficial and subject to daily change.
Jio IPO Key Details
| Price Band | ₹1,065 - ₹1,119 per share |
| Lot Size | 12 shares (1 lot) |
| Min. Investment (retail) | ₹13,428 (12 × ₹1,119) |
| Issue Size | ~₹30,000 crore (fresh issue) |
| Issue Type | 100% Fresh Issue (No OFS) |
| Shares Offered | ~27 crore equity shares |
| Face Value | ₹10 per share |
| IPO Open Date | 21 October 2026 |
| IPO Close Date | 23 October 2026 |
| Allotment Date | 26 October 2026 (expected) |
| Listing Date | 28 October 2026 (expected) |
| Exchanges | BSE + NSE |
| Category | Mainboard IPO |
| GMP (indicative) | ~₹250 (+22%) as of 18 Oct 2026 |
* Dates and price band as reported from grey-market and IPO trackers ahead of the official RHP subscription window. Verify the final figures on the BSE/NSE IPO page and the registrar's site before applying.
About Jio Platforms
Jio Platforms Limited (JPL) is India's largest digital connectivity and services platform, operating through its wholly owned subsidiary Reliance Jio Infocomm Limited (RJIL). As of March 31, 2026, Jio serves over 524 million subscribers and carries approximately 60% of India's wireless data traffic.
The company offers a full stack of digital services - Jio 5G, JioFiber, JioAirFiber, JioCinema, JioMart, JioSaavn, JioCloud, and enterprise solutions through Jio Business. It holds significant spectrum across sub-GHz, mid-band, and mmWave 5G bands.
Key global investors include Google, Meta, KKR, Silver Lake, and Saudi Arabia's PIF, who invested at pre-IPO valuations well below the current issue. Reported valuation estimates for the IPO range from roughly $114 billion to $146 billion, which investors should weigh against near-term earnings.
Pros & Cons - Should You Apply?
✓ Strengths
- •India's largest telecom - 524+ million subscribers as of Mar 2026, carrying ~60% of India's wireless data traffic
- •100% fresh issue - all proceeds go to the company, no promoter or PE exit
- •Strong listing-day sentiment: grey market premium indicating ~20-22% over the issue price (unofficial)
- •Massive growth runway in 5G, JioFiber, JioAirFiber, and enterprise/AI services
- •Backed by Reliance Industries' balance sheet; marquee global investors (Google, Meta, KKR, Silver Lake, PIF) already on the cap table
- •Pan-India 5G rollout largely complete - infrastructure advantage over peers
✗ Risks
- •Rich valuation (reported estimates of $114-146 billion) leaves limited margin of safety
- •Regulatory risk: DoT/TRAI spectrum pricing and tariff rules can compress margins
- •ARPU (average revenue per user) still among Asia's lowest - monetisation pace uncertain
- •Reliance Group complexity - related-party-transaction scrutiny is likely
- •Huge issue size (~₹30,000 cr) means heavy retail competition and possible muted allotment odds
- •GMP is unofficial and can swing sharply before listing - not a guarantee of listing gains
About GMP (Grey Market Premium)
As of 18 October 2026, the Jio IPO GMP is around ₹250, implying a listing near ₹1,369 (about 22% over the ₹1,119 upper band). GMP is an unofficial, unregulated indicator of market sentiment, it moves daily and does not guarantee the listing price. For the latest reading, see our Jio IPO GMP Today tracker.
Frequently Asked Questions
What is the Reliance Jio IPO price band?
The Jio Platforms IPO price band is ₹1,065 to ₹1,119 per share. At the upper band of ₹1,119, one lot of 12 shares needs a minimum retail application of ₹13,428.
When does the Jio IPO open and close?
The Reliance Jio (Jio Platforms) IPO is scheduled to open for subscription on 21 October 2026 and close on 23 October 2026. Anchor investor bidding typically happens one working day before the retail open.
What is the Jio IPO GMP today?
As of 18 October 2026, the grey market premium (GMP) for the Jio IPO is around ₹250, roughly 22% over the ₹1,119 upper price band, implying an indicative listing price near ₹1,369. GMP is an unofficial, unregulated indicator that changes daily and does not guarantee the actual listing price.
What is the Jio IPO lot size and minimum investment?
The lot size is 12 shares. At the upper price band of ₹1,119, the minimum retail investment for 1 lot is ₹13,428. Retail investors can apply for a maximum of up to roughly ₹2 lakh (about 14 lots).
When is the Jio IPO allotment and listing date?
Allotment is expected on 26 October 2026, and listing on both BSE and NSE is expected on 28 October 2026. You can check allotment status on the registrar's website or the BSE IPO page once allotment is finalised.
What is the Jio IPO issue size?
Jio Platforms is raising approximately ₹30,000 crore through a 100% fresh issue of about 27 crore equity shares - making it one of India's largest-ever public offerings.
Is the Jio IPO a good investment?
Jio has strong fundamentals - 524M+ subscribers, 5G leadership, and diversified digital services - and positive grey-market sentiment. However, the valuation is aggressive and GMP can change before listing. Long-term investors may find value, but listing gains depend on market conditions. This is not investment advice; read the RHP and consult a SEBI-registered adviser.
Disclaimer: This page is for informational purposes only and does not constitute investment advice. IPO details are based on publicly available grey-market trackers and regulatory filings (DRHP/RHP) and may change. Verify all data from official SEBI, BSE/NSE and registrar sources before investing. CoinMind does not hold any financial interest in companies mentioned.