Overview
- The fresh-issue IPO, priced at a band of ₹1,065–₹1,119 for up to 27 crore shares, opened for public subscription on Wednesday, October 21, 2026 and crossed full subscription in roughly 100 minutes.
- Before public bids began, Jio allotted about ₹8,109.8 crore of shares to 212 anchor investors at ₹1,119 each after anchor bids reportedly exceeded the allocation by more than 30 times.
- Qualified Institutional Buyers drove the early surge, with the QIB portion subscribed multiple times within minutes (reported around 2.8–4.1x in early exchange updates) while retail and non-institutional categories lagged well below their reserved quotas.
- Jio Platforms plans to use up to roughly ₹27,500 crore of IPO proceeds to repay or prepay borrowings of Reliance Jio Infocomm, with the remainder for general corporate purposes; shares are scheduled to list on the BSE and NSE on October 28, 2026.
- At the upper price band the deal implies an indicative valuation near $108 billion, and the offering will be watched for whether Jio can convert its ~533 million subscriber base into higher-margin cloud, AI and enterprise revenue, a shift that will shape investor returns and competition in India’s tech and telecom markets.