Key Takeaways
- Jio Platforms is expected to open its IPO for subscription on October 21.
- The Jio Platforms IPO could raise around ₹35,000 crore from public investors.
- Shares are expected to list on Indian exchanges on October 28.
The Jio Platforms IPO is expected to be one of India’s major public offerings in October, with a proposed issue size of around ₹35,000 crore.The company is targeting a listing on October 28, putting its public market debut among the major capital market events expected in India this month.
The proposed IPO could raise around ₹35,000 crore, which would make it one of the largest public issues in India if completed at that size. Recent reports indicate that Jio Platforms is working to complete its IPO process before the end of October.
Jio platforms IPO date: October 21, expected opening
The October 21 opening date is based on the current IPO schedule being considered by Jio Platforms. An anchor investor round is expected to take place on October 19, before the issue opens for wider subscription. The Jio Platforms IPO is expected to remain open until October 23, followed by share allotment and the proposed October 28 listing.
The company has completed its overseas roadshows and is expected to file its red herring prospectus after October 12. The final filing for the Jio Platforms IPO is expected to provide details such as the confirmed price band, final issue size, share allocation, and other offer terms.
Investors tracking the Jio Platforms IPO date will need to wait for the final offer documents to confirm the subscription schedule and price band.
Jio Platforms filed its draft IPO papers in June and received final observations from the market regulator on August 28, advancing the proposed Jio Platforms IPO process. The proposed issue includes up to 27 crore new equity shares. Existing shareholders are not expected to sell shares through an offer for sale.
If the reported timeline proceeds as planned, the Jio Platforms IPO would give public investors an opportunity to invest in the company before the end of October. The proposed October 28 listing would follow only a week after the expected opening of the issue.
₹35,000 crore issue to support debt reduction
A large part of the proposed IPO proceeds is expected to go toward reducing debt at Reliance Jio Infocomm, Jio Platforms’ telecom subsidiary. Up to ₹27,500 crore could be used to repay or prepay outstanding borrowings. The remaining proceeds would be used for general corporate purposes.
At the proposed ₹35,000 crore issue size, debt repayment would account for roughly three-fourths of the funds raised. This means the IPO would primarily strengthen the company’s balance sheet rather than directly finance a specific new expansion project.
Jio Platforms reported a FY26 net profit of ₹30,049 crore, while its EBITDA margin stood at 51.91%. The company’s average revenue per user was ₹214 during the year.
The proposed IPO also comes with reported valuation expectations of around $143 billion to $146 billion, or more than ₹12 lakh crore. These figures remain subject to the final issue price and valuation at the time of the public offering.
The IPO size, price band, and final schedule remain subject to confirmation through the company’s final offer documents. For now, October 21 is the expected opening date, while October 28 remains the targeted listing date.
