Jio Platforms may set a price band of ₹1,065 to ₹1,119 per share for its proposed initial public offering. The IPO could open on 21 October, although the date and other terms are still under discussion.

The offering is expected to raise about ₹30,200 crore. If completed at that size, it would become India's largest IPO, surpassing Hyundai Motor India's ₹27,858 crore issue in 2024.

Terms remain unconfirmed

The proposed price, valuation and launch schedule could change depending on market conditions. Reliance Industries has not yet issued an official statement on the reported IPO plan.

The issue is expected to be entirely a fresh issue. That means existing shareholders would not sell their holdings as part of the offering, and the money raised would go directly to Jio Platforms.

The reported plan follows a valuation target of up to ₹10.3 lakh crore for Reliance Industries' digital platform. The company's final valuation will depend on the terms eventually decided for the offering and the market environment at launch.

Jio's telecom and technology business

Jio Platforms is Reliance Industries' technology company, headquartered in Mumbai. It operates India's largest mobile network and also provides advanced 5G services and technology to telecom companies in other countries.

The company's technology portfolio includes 5G-related software, network services and AI tools. These systems are designed to help large companies and private networks use 5G services, including through internet cloud platforms.

Jio's subscriber base stood at 52.44 crore at the end of FY26, compared with 48.82 crore at the end of FY25. The figures indicate the scale of the telecom business connected to the proposed listing.

What the proposed issue means

Because the proposed offering is described as a fresh issue, the funds would be received by Jio Platforms rather than by shareholders selling existing stock. The available information does not specify how the company would use the proceeds.

The reported issue size would place the proposed listing above the ₹27,858 crore Hyundai Motor India IPO, which was described as India's largest IPO in 2024. However, the comparison remains dependent on Jio Platforms finalising its price, valuation, size and timetable.

# Q. What price band has been reported for the Jio Platforms IPO?

The proposed price band is ₹1,065 to ₹1,119 per share.

# Q. When could the IPO open?

The IPO could open on 21 October. The date has not been officially confirmed and remains under discussion.

# Q. How much money could the issue raise?

The proposed offering could raise about ₹30,200 crore.

# Q. Would existing shareholders sell shares?

The issue is expected to be entirely a fresh issue, with no sale of existing shares by current shareholders.

# Q. Why is the proposed IPO significant?

At about ₹30,200 crore, it would be India's largest IPO if completed at that size, exceeding Hyundai Motor India's ₹27,858 crore issue in 2024.

# Q. What is Jio Platforms' reported valuation target?

Reliance Industries is reportedly targeting a market valuation of up to ₹10.3 lakh crore for the digital platform.

# Q. What businesses does Jio Platforms operate?

It runs India's largest mobile network and provides 5G services, network technology, software and AI tools.

Conclusion

Jio Platforms is reportedly preparing a potentially record-setting IPO, but its price band, valuation and 21 October launch date remain unconfirmed and may change with market conditions.