Jio Platforms IPO Opens for Reliance Shareholders from October 21-23, 2026
Eligible Reliance Industries shareholders can apply for Jio Platforms IPO, which reserves ₹2,500 crore for them.
Jio Platforms IPO runs from October 21-23, 2026.
₹2,500 crore reserved for Reliance shareholders.
Investors can apply under multiple categories to enhance allotment chances.
Jio Platforms is set to launch its Initial Public Offering (IPO) from October 21 to 23, 2026, with a total issue size of ₹30,213 crore. This IPO is notable as it reserves approximately 12% of the total issue, amounting to ₹2,500 crore, specifically for eligible shareholders of Reliance Industries. To qualify, investors must have held at least one share of Reliance on or before October 14, 2026.
The IPO is poised to become the largest public offering in India, surpassing the previous record held by Hyundai Motor India. Jio Platforms plans to issue 27 crore shares, with a price band set between ₹1,065 and ₹1,119 per share. Each lot consists of 12 shares, translating to a minimum investment of ₹13,428. The allocation for various investor categories includes 35% for Retail Individual Investors (RIIs) and up to 50% for Qualified Institutional Buyers (QIBs).
Investors applying under the shareholder category can submit two separate applications under the same PAN, allowing them to apply for up to ₹2 lakh as a shareholder and another ₹2 lakh under retail or non-institutional categories. This dual application process is designed to enhance the chances of allotment, especially in a heavily oversubscribed IPO. However, while applying under the shareholder quota increases the odds, it does not guarantee allotment.
The Jio Platforms IPO is expected to have significant implications for the market and the technology sector in India. As a subsidiary of Reliance Industries, Jio Platforms has established a robust customer base of over 53 crore users as of June 30, 2026, and continues to expand its digital services. The funds raised from the IPO will be directed towards reducing the company's debt, which is anticipated to bolster its financial standing and support future growth initiatives.
Looking ahead, the IPO is anticipated to attract considerable investor interest, particularly from existing Reliance shareholders. The application process will be facilitated through broker apps or banks' ASBA facilities, where investors must select the 'RIL Shareholder' category to be eligible for the reserved shares. As the IPO date approaches, market analysts will closely monitor the subscription levels and overall demand for shares.
