An initial public offering for Jio Platforms Limited is scheduled to open for public subscription on 21 October 2026, with the application window closing two days later on 23 October. The offering has been priced between ₹1,065 and ₹1,119 per equity share, with the Reliance Industries subsidiary aiming to raise up to ₹30,213 crore through the fresh issue.

Submission of the draft prospectus to the Securities and Exchange Board of India cleared the path for the share sale to proceed. Jio Platforms filed a Draft Red Herring Prospectus on 19 June 2026, and SEBI issued its formal observation letter approximately ten weeks later, on 28 August 2026. Before the subscription window opens, both the Red Herring Prospectus and any follow-on offer documents set out revised details covering pricing terms, the company's financial track record, and the planned deployment of funds raised.

Subscription windows for the Jio Platforms IPO are set to run across three consecutive trading sessions, opening on Wednesday, 21 October 2026, and closing on Friday, 23 October 2026. Bids may be placed at any point within the price range of ₹1,065 to ₹1,119 per share. Investors looking to participate are required to submit a minimum bid covering one lot of 12 shares, with the total outlay falling between ₹12,780 and ₹13,428 depending on the price point selected. The final offer price will be determined once the book-building exercise concludes, drawing on bids collected across the subscription window.

The offering is structured around the issuance of up to 27 crore newly created equity units. Priced at the top of the band at ₹1,119 per share, the offering is structured to generate ₹30,213 crore in gross proceeds before issue-related costs are deducted. All shares on offer are newly issued, with no portion set aside for existing investors to sell down their holdings. Funds raised through the offering will go directly to the company's balance sheet, with no portion passing to existing investors.

Among the primary intended uses of the proceeds listed in the offer documents is the settlement of certain outstanding debt obligations held by Reliance Jio Infocomm Limited, whether through scheduled repayment or early clearance. Reliance Jio Infocomm sits within the Jio Platforms corporate structure as a designated material subsidiary and carries responsibility for the group's telecommunications operations. The offer documents also indicate that a portion of the net proceeds would go toward general corporate purposes, within the boundaries and conditions specified in those materials.

Operational revenue climbed to ₹1,46,885.3 crore during FY26, up from ₹1,28,218.41 crore in the prior fiscal year, a gain of approximately 14.6 per cent on an annual basis. Net earnings after taxation rose from ₹26,109 crore to ₹30,049.1 crore across the same period, reflecting a gain of approximately 15.1 per cent. The EBITDA figure climbed from ₹64,170 crore in FY25 to ₹76,255.4 crore by the close of FY26.

Jio Platforms' portfolio spans three distinct segments — mobile telecommunications, home and business broadband, and a range of digital offerings. Anchoring the group's telecom arm, Reliance Jio Infocomm delivers mobile connectivity to customers and provides fixed broadband access across the Indian market. The business portfolio also includes enterprise connectivity and digital technology divisions.

Bidding closes on 23 October, after which the allotment of shares is scheduled to be completed by 26 October 2026. Refunds and the transfer of allocated equity shares into demat accounts are both set to be processed on 27 October. Subject to the satisfaction of listing requirements, Jio Platforms shares are provisionally scheduled to debut on both the BSE and NSE on 28 October 2026.