Jio Platforms sets INR 302.13 billion IPO for Reliance Industries stock

Published on 10/15/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jio Platforms will issue 270 million shares at INR 1,065-1,119. Reliance Industries stock has October 19 anchor bidding and October 21 subscription.

IPO timetable and operating scale

Jio Platforms set its INR 302.13 billion IPO terms on October 14, 2026.
Reliance reported INR 3.40257 trillion in gross revenue for the first quarter of fiscal 2027.
Anchor bidding is scheduled for October 19, 2026, before public subscription begins on October 21, 2026.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance Industries (ISIN INE002A01018) is tied to Jio Platforms' INR 302.13 billion initial public offering after the subsidiary set its terms on October 14, 2026, according to ETTelecom. The offering gives Reliance shareholders a reserved allocation while making Jio's digital business subject to a public valuation process.

IPO terms set the timetable

Jio Platforms plans a fresh issue of up to 270 million shares at INR 1,065 to INR 1,119 per share. At the upper end, the offer would raise INR 302.13 billion, and the proceeds would go to Jio Platforms rather than selling shareholders, ETTelecom reported.

The issue includes up to INR 25.00 billion reserved for eligible Reliance shareholders and up to INR 5.00 billion for employees. Reliance held 66.43 percent of Jio Platforms before the IPO, while prepaid revenue distributed through Reliance Retail represented 77.08 percent of Jio Platforms' consolidated revenue in fiscal year 2026, according to ETTelecom.

What does the IPO mean for Reliance?

The flotation gives investors a direct valuation marker for the digital unit, but it also highlights concentration in the parent company's consumer and connectivity businesses. Jio Platforms reported fiscal year 2026 revenue of INR 1.46885 trillion, up 14.6 percent from INR 1.28218 trillion, while net profit rose 15.1 percent to INR 300.49 billion, ETTelecom said.

Three dated operating milestones

On June 19, 2026, Jio Platforms filed its draft prospectus. On July 17, 2026, Reliance reported first-quarter fiscal 2027 gross revenue of INR 3.40257 trillion, up 24.5 percent year over year, and profit after tax of INR 231.96 billion, up 6.1 percent, according to FinTech BizNews. On October 14, 2026, Jio Platforms fixed the IPO band and issue schedule, ETTelecom reported.

Next dates for investors

Anchor investor bidding is scheduled for October 19, 2026. Public subscription is scheduled for October 21 through October 23, 2026, with a possible listing on October 28, 2026, according to ETTelecom.

Market value and operating scale

Reliance Industries had a market capitalization of INR 16.3 trillion as of October 15, 2026. Its NSE quote was INR 1,205.20 at 3:15 p.m. IST on October 15, 2026, while the 52-week range was INR 1,152.20 to INR 1,611.80. The latest reported quarter also showed EBITDA of INR 540.67 billion, up 10.1 percent year over year, according to FinTech BizNews.