Jio Platforms IPO likely to open on 21st October 2026. Jio IPO Dates, Financials & Details: GMP of ₹125 & valuation of $137 billion, check.
Jio Platforms IPO Summary
| IPO Open Date | October 21 to October 23, 2026 |
| Anchor Investors Book | October 19, 2026 |
| Expected Listing Date | October 28, 2026 (BSE & NSE) |
| Current GMP | ~₹125 per share |
| Estimated Valuation | $137 Billion (₹11.5 Lakh Crore) |
| Fresh Issue Size | 27 Crore Shares (2.9% equity) |
| FY26 Total Revenue | ₹1,49,759 Crore |
| FY26 Net Profit | ₹30,053 Crore |
| 5G Subscriber Base | 26.85 Crore (As of June 2026) |
India’s Market is Ready for Mega Listing of Jio Platforms IPO
Reliance Industries’ digital and telecom giant Jio Platforms is gearing up for one of the most awaited Initial Public Offerings (IPOs) in the Indian stock market. The Gray Market Premium (GMP) of Jio Platforms has already reached ₹125 in the unlisted market ahead of the official price band announcement, suggesting high demand from investors. The issue is likely to be a historic milestone for Dalal Street as it will be the first major public issue from the Reliance group since 2008.
Structure of Issues and Massive Valuation
According to the draft prospectus approved by the SEBI in August 2026, Jio Platforms plans to issue 27 crore fresh shares, which will be about 2.9% of the company’s total equity. Market experts believe that the digital giant’s valuation after the issue will be a whopping $137 billion (around ₹11.5 lakh crore), making it one of the most valued companies in India.
The principal objective of this huge capital raising is to strategically reduce debt. The company intends to use a large part of the IPO proceeds to partially or fully repay the debt of Reliance Jio Infocomm of around Rs 27,500 crore. The remaining funds will be used for general corporate purposes to enhance the financial framework of the Company.
Solid financials and international backing
Jio Platforms is far more than a telecom company. It is aggressively playing in the digital space with cloud services, artificial intelligence and enterprise network solutions. As on June 2026, the company has successfully raised its 5G user base to 26.85 crore subscribers with a huge 39.29% market share in mobile connections.
From a financial perspective, the company is aggressively growing. FY26 total revenue zoomed to ₹1,49,759 crore (₹1,29,333 crore in FY25) and net profit rose 15% YoY to ₹30,053 crore. The foundation is rock-solid and is backed by global tech giants. Meta invested ₹43,574 crore in 2020, followed by Google with ₹33,737 crore. Reliance Industries currently owns a controlling 66.4% stake in the entity.
FAQs
When will Jio Platforms IPO open for public?
Jio Platforms IPO is likely to open for public subscription from October 21 to October 23, 2026 with the anchor book opening earlier on October 19, 2026.
What is the current GMP of Jio Platforms IPO?
According to the latest gray market trends, the Gray Market Premium (GMP) for the Jio Platforms IPO is trading at around ₹125 per share. But the benefits from the final listing will be determined by the official price band that is yet to be announced.