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Jio Platforms Ltd. filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026, for a fresh issue of 27 crore equity shares. This will be one of the largest IPOs in Indian history, given Jio’s scale in telecom, digital services, and enterprise 5G. This guide covers everything confirmed so far — issue structure, financials, GMP, and how to apply and will be updated as SEBI approval and price band details are announced.
What Is the Reliance Jio IPO?
The Reliance Jio IPO refers to a fresh issue of 27 crore equity shares from Jio Platforms Ltd., a subsidiary of Reliance Industries Limited (RIL). RIL currently owns roughly 66.43% of Jio Platforms pre-issue. Since there’s no Offer for Sale (OFS) component, the company keeps all proceeds rather than existing shareholders.
Reliance Jio IPO Date: When Will It Open?
So far, the company hasn’t announced an exact Jio IPO date. However, since it filed the DRHP on June 19, 2026, the IPO can only open after SEBI grants approval and the company files the RHP — a process that typically takes a few months. We’ll update this section the moment an official Reliance Jio IPO date arrives.
Reliance Jio IPO Key Details
| Detail | Status |
|---|---|
| IPO Date | To be announced (post SEBI approval) |
| Price Band | Not yet announced |
| Lot Size | Not yet announced |
| Face Value | To be confirmed in RHP |
| Fresh Issue Size | 27 crore shares |
| OFS | None |
| Listing Exchange | BSE, NSE (expected) |
We’ll update this table as soon as SEBI clears the DRHP and the company files its RHP.
Jio Platforms IPO Issue Structure
Fresh Issue vs OFS
Since the entire IPO is a fresh issue, Jio Platforms will raise new capital rather than let promoters or early investors exit. In other words, the funds likely go toward growth — network expansion, 5G, and data centres — rather than an exit event.
Investor Category Reservation
The company will confirm category-wise reservation (QIB, NII, Retail) once it files the RHP. Meanwhile, based on issue size and comparable large-cap IPOs, expect the standard SEBI-mandated split: up to 50% QIB, at least 15% NII, and at least 35% retail.
About Jio Platforms Ltd.
Jio Platforms operates as the digital services arm of Reliance Industries, serving over 524 million subscribers through Jio’s telecom network. Beyond telecom, its ecosystem spans MyJio, JioTV+, JioSaavn, JioCloud, and enterprise-grade 5G and cloud services — together making it India’s largest integrated telecom-and-digital platform by user base.
Financials Snapshot
We’ll add exact FY24–FY26 revenue, PAT, and EBITDA figures once available on SEBI’s website.
Reliance Jio IPO Valuation & Financial Metrics
Analyst estimates of the Reliance Jio IPO valuation vary widely, running into several lakh crore rupees given Jio’s subscriber base. That said, treat any pre-RHP figure as speculative, since an official range will only exist once the company discloses its price band.
Key Performance Indicators
The DRHP’s KPI section discloses metrics such as ROCE, RoNW, EBITDA margin, and PAT margin. Once confirmed, we’ll add these here alongside a peer comparison against listed telecom players like Bharti Airtel.
EPS Pre vs Post IPO
Pre-issue and post-issue EPS ultimately depend on the final price band and total shares outstanding after the fresh issue — both still pending confirmation.
Jio Platforms IPO GMP (Grey Market Premium) Today
As of July 3, 2026, Grey Market Premium (GMP) hasn’t started trading yet, since the price band remains unannounced. Typically, GMP activity begins a few days before the IPO opens, so check back closer to the issue date for live tracking.
How to Apply for Jio Platforms IPO?
Application Steps
- Log in to your broker or bank’s UPI-linked IPO platform (e.g., Zerodha, Groww, mStock).
- Select “Jio Platforms IPO” once it is live for bidding.
- Enter the number of lots and your bid price within the band.
- Approve the UPI mandate request within the time limit.
- Confirm allotment status after the basis-of-allotment date via the registrar’s website.
Where You Can Apply
Most major brokers and banks that support UPI-based ASBA applications should also support this IPO, including Zerodha, Groww, mStock, and Kotak Securities.
Jio Platforms IPO: Lead Managers & Registrar
According to the DRHP, lead managers for the issue include Kotak Mahindra Capital, Morgan Stanley, and Axis Capital, among others. Based on its role in other recent large RIL-linked filings, Kfin Technologies will likely serve as the registrar, though final confirmation will follow the RHP filing.
Should You Invest? Strengths & Risks
Strengths
- Market leadership in Indian telecom with over 524 million subscribers
- Diversified digital stack (OTT, cloud, music, enterprise 5G)
- Backed by Reliance Industries’ balance sheet and distribution network
Risks
- Final valuation could price in high growth expectations
- Intensifying competition from Bharti Airtel and Vodafone Idea
- Telecom capex remains heavy, affecting near-term free cash flow
Reliance Jio IPO News: Latest Updates
- June 19, 2026: DRHP filed with SEBI for a 27-crore-share fresh issue.
- Pending: SEBI approval, then RHP filing with confirmed price band and dates.
Bookmark this page we’ll update it as each milestone unfolds.
Is This the Same as the Jio Finance IPO?
No. Jio Financial Services (JFS) is a separate, already-listed company, demerged from RIL in 2023. If you’re searching for the Jio Finance IPO price, that listing already happened — JFS trades on BSE/NSE. This guide covers the upcoming Jio Platforms IPO (aka Reliance Jio IPO), a different telecom-and-digital-services entity.
Frequently Asked Questions
The price band has not been announced yet. It will be disclosed when the RHP is filed after SEBI approval.
No official IPO opening date has been set. The DRHP was filed on June 19, 2026, and the timeline depends on SEBI’s review process.
Lot size will be confirmed along with the price band in the RHP. It typically depends on the final issue price per share.
Kfin Technologies is widely expected to be the registrar, though this will be confirmed in the RHP.
Yes — “Reliance Jio IPO” and “Jio Platforms IPO” refer to the same issue. Jio Platforms Ltd. is the official listing entity and subsidiary of Reliance Industries.
No official valuation has been confirmed. Market estimates vary widely and will only be validated once the price band is announced in the RHP.
No. Jio Financial Services already listed in 2023 and is a separate company from Jio Platforms, which is the entity behind this upcoming IPO.