Jio IPO to Open on October 21, Subscription to Close on October 23

Jio IPO 2026: Jio Platforms, the digital services arm of Reliance Industries, has announced the subscription schedule for its initial public offering (IPO). According to the regulatory filing, the IPO will open for public subscription on October 21 and close on October 23, 2026.

The company has filed its Red Herring Prospectus (RHP) with the Registrar of Companies (RoC), Gujarat, on October 14, 2026. The offering will mark Reliance Group’s first IPO since 2008 and the first stock market listing of one of its consumer-focused businesses.

Jio IPO: Anchor Investor Bidding on October 19

According to the company’s announcement, bidding for anchor investors will take place on October 19. The IPO will then open for other investors on October 21 and remain open until October 23.

Akash Ambani is scheduled to address a press conference on the Jio IPO at 3 pm on October 15. He is expected to answer questions related to the public offering.

Jio IPO: Share Details and Reservation

Jio Platforms plans to issue up to 27 crore new equity shares through the IPO. According to the company, these shares will represent approximately 2.9% of its total equity after the offering.

The face value of each equity share has been set at ₹10.

The proposed share reservations include:

• Reliance Industries eligible shareholders: Shares worth up to ₹2,500 crore.
• Employees: Shares worth up to ₹500 crore.

The allotment will be subject to the applicable eligibility criteria and rules.

Jio Platforms’ Customer Base and 5G Network

Jio Platforms houses Reliance’s digital businesses, including Reliance Jio Infocomm, which provides telecommunications services.

As of June 2026, the company had 50.6 crore mobile subscribers, including 26.85 crore 5G customers. The company claims that its 5G network handles approximately 60% of India’s wireless data traffic.

The company’s subscriber base and digital services business are key aspects of its position in India’s telecommunications market.

Jio Platforms’ Revenue and Profit Rise in FY2026

Jio Platforms reported an increase in both profit and revenue during the financial year 2025-26.

Its profit rose 15% to ₹30,053 crore, while annual revenue increased 14.5% to ₹1,46,885 crore.

The IPO will provide investors an opportunity to participate in the company’s equity, subject to the final offer terms and applicable regulations.

A Major Listing for Reliance Group

Jio Platforms had submitted its initial IPO documents in June 2026. The filing of the RHP on October 14 marks another step in the process ahead of the proposed public offering.

The IPO is significant for Reliance Group as it will be its first public issue since 2008 and the first stock market offering by one of its consumer-focused businesses.

FAQs

1. When will the Jio Platforms IPO open?

The IPO is scheduled to open for public subscription on October 21, 2026, and close on October 23, 2026.

2. When will anchor investors be able to bid for the Jio IPO?

Anchor investor bidding is scheduled for October 19, 2026.

3. How many shares will Jio Platforms issue through the IPO?

The company plans to issue up to 27 crore new equity shares.

4. What is the face value of Jio IPO shares?

The face value of each equity share is ₹10.

5. How many customers did Jio have as of June 2026?

Jio Platforms had 50.6 crore mobile subscribers, including 26.85 crore 5G customers, as of June 2026.

6. What were Jio Platforms’ revenue and profit in FY2026?

The company reported revenue of ₹1,46,885 crore and profit of ₹30,053 crore in FY2026.

7. When is Akash Ambani’s press conference on the Jio IPO?

Akash Ambani is scheduled to hold a press conference on October 15, 2026, at 3 pm.