Jio Platforms IPO: Opening Date, Price, GMP, Size, Key Dates, All You Need To Know

Jio Platforms IPO: Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for its upcoming initial public offering (IPO), which is expected to be India’s largest-ever public issue, seeking to raise about $4 billion (Rs 37,700 crore) and valuing the company at about $137 billion.

This will be the country’s biggest IPO ever, surpassing Hyundai Motor India’s Rs 27,859-crore public market debut in October 2024. The National Stock Exchange (NSE), which has also filed draft papers for its upcoming IPO, aims to raise around Rs 30,000 crore by issuing 148,905,525 fresh equity shares.

“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability,

and global value,” Reliance Chairman Mukesh Ambani said at the company’s annual shareholder meeting on June 19.

Jio IPO: Key Dates

Though the official date has not been announced yet, the IPO is expected to be launched this year. With the draft red herring prospectus (DRHP) now submitted, the next step is Sebi’s review process.

Jio IPO: Price Band & Lot Size

Though the company has filed the DRHP, the price of the IPO is not known yet. The Jio IPO’s lot size will also be announced later.

Jio’s potential listing is being seen as India’s largest IPO ever. Reuters reported in January 2026 that the IPO could be worth as much as $4 billion. In November 2025, investment bank Jefferies estimated that Reliance Jio’s valuation stood at $180 billion.

With over 524 million subscribers, Jio is India’s largest digital platform. Jio 5G has a subscriber base of 268 million and JioAirFiber connects 13 million homes.

Jio IPO GMP

As prices have not been fixed, its GMP is also not known yet.

Jio IPO To Issue Up To 27 Crore New Shares

According to the draft red herring prospectus (DRHP), Jio Platforms plans to issue up to 27 crore new shares, representing about 2.9 per cent of its post-issue equity capital.

Jio IPO: Key Details

Jio Platforms has previously attracted some of the world’s largest technology and private equity investors. In 2020, the company raised more than $20 billion from investors, including Meta, Google, KKR, Silver Lake and General Atlantic, in a fundraising round that valued the business between $57 billion and $65 billion.

In 2020, Meta invested Rs 43,574 crore for a 9.98 per cent stake, while Google invested Rs 33,737 crore for a 7.73 per cent holding. The company also raised about Rs 74,745 crore from investors, including Silver Lake, KKR, General Atlantic, Mubadala, ADIA, TPG and Saudi Arabia’s Public Investment Fund.

Reliance Industries currently owns 66.43 per cent of Jio Platforms.

Ambani said the IPO process is being led by his children – Akash Ambani, Isha Ambani and Anant Ambani – as part of the group’s ongoing leadership transition.

The company plans to use the proceeds primarily to repay debt at its telecom subsidiary, Reliance Jio Infocomm Ltd (RJIL), and for general corporate purposes. As of March 31, 2026, Jio Platforms and its subsidiaries had outstanding borrowings of Rs 71,529 crore.

“An aggregate amount of up to Rs 27,500 crore from the net proceeds is proposed to be utilised towards prepayment, in full or in part, of the principal amount outstanding of certain borrowings availed by RJIL,” the DRHP said.

The listing would be the first public offering from the Reliance group in nearly two decades and the first consumer-facing business within the conglomerate to be taken public.

Jio Platforms reported a revenue of Rs 1.47 lakh crore (USD 15.5 billion) in fiscal 2025-26 and profit after tax of about Rs 30,000 crore (USD 3.2 billion), reflecting continued growth in its telecom, broadband, enterprise and digital services businesses.

Jio’s telecom unit had 524.4 million subscribers as of March 31, including 268.5 million users on its 5G network, according to the prospectus. The company said its workforce declined about 21 per cent year-on-year to 27,935 employees during the period, even as subscriber numbers and revenue continued to grow.

Since its launch in 2016, Jio has transformed India’s telecom landscape through aggressive pricing and free voice and data offerings that accelerated internet adoption and forced industry-wide consolidation. Over the past decade, the company has evolved into a broader digital technology platform spanning connectivity, cloud services, enterprise solutions and artificial intelligence.

If completed at the expected size, the transaction would surpass previous record Indian listings and rank among the largest technology IPOs globally in recent years.

Ambani called the Jio IPO the company’s most significant value-creation event of the year, saying the listing would unlock value for Reliance shareholders while offering new investors an opportunity to participate in the company’s growth.

“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value,” he said.

The Jio IPO is described as “the most important value creation milestone this year”, one that will “unlock great value for Reliance shareholders and offer an attractive investment opportunity to others”.

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