Jio Platforms Limited’s largest-ever IPO in the country opened on Wednesday, 21 October, 2026. The company will raise ₹30,188 crore through the issue. The IPO will remain open until 23 October. The minimum investment required is ₹12,780. Based on the grey market premium, the issue could deliver a 22% return upon listing. Jio Platforms IPO was subscribed within 1 hour of opening, according to Chittorgarh. It has now become the fastest among India’s mega-issues to attract bids for all shares on offer. How to invest? Investors can go on their stock brokerage platform to invest in the IPO. In this IPO, Reliance Industries’ digital services company is issuing 27 crore shares. The price band is ₹1,065 to ₹1,119 per share. After listing, the company’s market capitalisation could reach ₹10.30 lakh crore. Shares worth ₹3,000 crore reserved for employees and shareholders Retail investors can buy a minimum of 12 shares In the IPO, retail investors can apply for a minimum of one lot, or 12 shares. If you apply for one lot at the issue’s upper price band of ₹1,119, you will have to invest ₹13,428. Retail investors can bid for a maximum of 14 lots, or 168 shares, in the IPO. For this, investors will have to make a maximum investment of ₹1,87,992. Investing in the IPO may deliver a 22.5% return Before listing, the company’s share has reached a premium of 22.52%, or ₹252 per share, in the grey market. Based on the grey market premium (GMP), the listing could take place at ₹1,371 (₹1,119 + ₹252), against the upper price band of ₹1,119. How much of the issue is reserved for each category Who will benefit from the shareholder reservation? Eligible Reliance shareholders include individuals and Hindu Undivided Families (HUFs) who held public equity shares of Reliance Industries as of 14 October, the date the company filed its Red Herring Prospectus (RHP). This concession will be subject to the applicable eligibility criteria and regulatory rules. It will be the largest IPO in the country to date Jio Platforms will be the largest IPO in the country to date. The company will raise around ₹30,200 crore through the issue. Before this, Hyundai Motor India’s ₹27,858 crore IPO in 2024 was the country’s largest IPO. Company will repay debt with the funds raised The funds raised through the IPO will be used to repay the debt of the company’s principal subsidiary, Reliance Jio Infocomm Limited (RJIL). The funds will also be used for general corporate purposes. After the issue, the shareholding of the promoter and promoter group will decline from 66.43% to 64.48%, while public shareholding will rise from 33.57% to 35.52%. Raised ₹8,110 crore from anchor investors before the IPO Before the IPO, the company raised ₹8,110 crore from 212 anchor investors. The company’s anchor book received more than 30 times the subscription. This means anchor investors placed bids worth nearly ₹2.5 lakh crore against the anchor book. The bidding date for anchor investors, or large institutional investors, was 19 October. This is the largest institutional bid ever for an Indian IPO. The anchor book included the world’s largest asset managers, sovereign wealth funds, leading mutual funds in India, insurance companies and pension funds. SEBI approval for the IPO was received in August Reliance Industries had said that Jio Platforms had earlier filed its Draft Red Herring Prospectus (DRHP) on 19 June. It subsequently received an observation letter, or approval, from the market regulator, the Securities and Exchange Board of India (SEBI), on 28 August. Jio is the country’s largest telecom operator, with 53.3 crore users Jio Platforms is currently the country’s largest telecom operator. As of 30 June 2026, the company has a total subscriber base of 53.3 crore. This includes 28.49 crore 5G users, making it the world’s third-largest 5G customer base. Jio Platforms is Reliance’s technology company, headquartered in Mumbai. Along with operating India’s largest mobile network, the company also provides advanced 5G services and technology to other telecom companies around the world. It has all the software, network services and AI tools required for 5G. This technology makes it extremely easy for large companies and private networks to use 5G, which can also be run on the internet cloud. The company filed its RHP on 14 October For its IPO, the company filed the Red Herring Prospectus, or RHP, on Wednesday, 14 October. The RHP was filed with the Registrar of Companies (RoC) in Ahmedabad, Gujarat. Reliance disclosed this information in regulatory filings submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). What is an Initial Public Offering, or IPO? When a company issues its shares to the public for the first time, it is called an Initial Public Offering, or IPO. A company needs money to expand its business. Instead of borrowing from the market, it can raise funds by selling some of its shares to the public or issuing new shares. This is why a company launches an IPO. What is an IPO’s grey market premium? An IPO’s grey market premium (GMP) indicates how much more people are willing to pay to buy its shares in the unofficial market before listing. The grey market is an unofficial mechanism through which some traders buy and sell shares before listing. Since GMP shows how much premium people are willing to pay, most investors use it to estimate the price at which the shares will open on the listing day. At times, the grey market premium proves to be completely accurate, while on other occasions it may be slightly higher or lower. However, it is the most popular way to estimate listing gains. Jio IPO trends on Google: Source: Google Trends Post navigation Gold becomes ₹2,300/10 gm cheaper in 2 days:10 grams of gold now costs ₹1.44 lakh; 1 kg of silver falls by ₹5,000
