Jio filed IPO prospectus and set terms for Reliance stock

Published on 10/20/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jio will offer 270 million new shares from October 21 to October 23, 2026. For Reliance stock, FY26 revenue was INR 11.75919 trillion.

IPO timetable and financial scale

Jio Platforms submitted its draft prospectus on June 19, 2026, covering 270 million new shares.
The October 14, 2026 filing set an IPO window from October 21 to October 23, 2026, with proceeds of INR 302.1 billion.
Reliance Industries reported FY26 revenue of INR 11.75919 trillion and net profit of INR 957.54 billion.
Nuvama Research retained its INR 1,766 target on October 1, 2026.
Reliance Industries closed at INR 1,202.00 on the NSE on October 19, 2026.

Reliance, INE002A01018, Illustration mit AI erstellt.

Jio Platforms filed its IPO prospectus and set terms for Reliance stock, with the public offering scheduled for October 21 to October 23, 2026. Reuters reported on October 14, 2026, that the issue could raise USD 3.2 billion and value Jio Platforms at USD 108.3 billion.

IPO terms reshape the catalyst

The issue will offer up to 270 million new shares, while the subscription window runs from October 21 through October 23, 2026. Reuters said Jio plans to use up to INR 275.0 billion of the proceeds to repay or prepay borrowings at its telecom unit, with the remainder earmarked for corporate purposes and capital expenditure.

The prospectus also creates a direct link for eligible Reliance Industries shareholders. According to CNBC TV18 on October 14, 2026, the filing reserved shares worth up to INR 25.0 billion for eligible Reliance Industries shareholders.

What does the IPO mean for earnings?

The IPO adds a valuation reference for Reliance's digital assets, but Reuters also reported that Jio's prospectus warned data-protection and telecom rules could limit data-driven monetization. That risk matters because Jio's growth case depends on converting its large user base into advertising and digital-services revenue.

Reliance's latest full-year figures provide the parent-company scale behind the transaction. The company reported FY26 revenue of INR 11.75919 trillion, up 9.8 percent year over year, and net profit of INR 957.54 billion, up 17.8 percent, in its investor-relations materials. Jio Platforms contributed FY26 revenue of INR 1.46885 trillion, up 14.6 percent, while its EBITDA reached INR 762.55 billion, up 18.8 percent.

Three steps toward the offering

On June 19, 2026, Jio Platforms submitted its draft red herring prospectus for a fresh issue of up to 270 million shares, according to CNBC TV18. On October 14, 2026, Reliance filed the red herring prospectus for the IPO, according to Reuters. On October 21, 2026, the public subscription is scheduled to open with an issue size of up to INR 302.1 billion.

Dates investors can verify

The next two stated dates are October 21, 2026, for the IPO opening, and October 23, 2026, for the closing. The schedule is reported by Reuters and is also described in the company filing coverage from CNBC TV18.

Reliance valuation in context

Economic Times reported on October 1, 2026, that Nuvama Research retained a Buy rating and an INR 1,766 target for Reliance Industries. The target sits alongside the IPO timetable, while the underlying business figures show why digital growth and capital allocation remain central to the valuation discussion.

Latest NSE market reference

Reliance Industries closed at INR 1,202.00 on the NSE on October 19, 2026, according to the exchange page identifying the company with ISIN INE002A01018. The same session showed a 52-week range of INR 1,152.20 to INR 1,611.80 and a market capitalization of INR 16.3 trillion.