Overview
- Jio has finished investor roadshows and is working toward an anchor book around October 19 with public subscription roughly October 21–23 and a listing in the last week of October, but the company has not confirmed final dates or a price band.
- SEBI issued final observations on August 28 clearing a proposed fresh issue of up to 27 crore new shares, a key regulatory step that allows the offering to proceed.
- Jio intends to use a large portion of the IPO proceeds to repay or prepay about ₹27,500 crore of Reliance Jio Infocomm debt, a move that would materially reduce the telecom unit’s leverage and interest burden.
- Market and banking reports place the indicative offer size near ₹37,700 crore with headline valuations ranging from roughly ₹9.5 lakh crore to enterprise values of $143–146 billion, but those figures are provisional until Jio sets the price band.
- Jio enters the market with strong FY2026 scale—revenue ₹1,46,885 crore, EBITDA ₹76,255 crore, PAT ~₹30,049 crore and 524.4 million customers—yet investors will weigh ongoing heavy capital needs for spectrum, towers, fibre and 5G/AI before settling on valuation.