Jio IPO 2026: Share Price May Be ₹1,065–₹1,119, Check Expected Opening Date and Issue Size

Reliance Jio IPO Latest News, October 9, 2026: The much-awaited initial public offering (IPO) of Jio Platforms Limited is attracting significant attention from investors. According to the latest reports, the Reliance Industries-backed company's IPO could have a price band of ₹1,065 to ₹1,119 per equity share.

Although the company has not yet officially announced its final price band, reports citing investment bankers suggest that the public issue could open for subscription on October 21, 2026.

The proposed offering could raise more than ₹30,000 crore, potentially making it India's largest IPO by funds raised.

Jio IPO 2026: Expected Price Band and Important Dates

According to Reuters and The Economic Times, the following details are being discussed for the upcoming public issue.

The price band and dates are reported expectations as of October 9, 2026, not final officially confirmed IPO terms.

How Much Could One Jio Share Cost?

Reports indicate that Jio Platforms is considering an IPO price range between ₹1,065 and ₹1,119 per share.

At the lower end, one share would cost ₹1,065, while the upper end would place its issue price at ₹1,119.

The company has proposed issuing up to 27 crore fresh equity shares with a face value of ₹10 each. Reliance Industries disclosed the proposed fresh issue in June 2026, while leaving the final issue price to the book-building process.

NSE India

When Will the Jio IPO Open?

Market reports suggest that the public subscription period could begin on October 21, 2026, with a possible stock market listing on October 28.

However, investors should wait for the final red herring prospectus and official issue announcement before treating these dates as confirmed.

The company is expected to disclose the final price band, lot size, subscription schedule and allocation details through its official offer documents.

Could This Become India's Biggest IPO?

At the reported upper price of ₹1,119 per share, issuing 27 crore shares would raise approximately ₹30,213 crore.

Reuters reported that the proposed offering could exceed the amount raised by Hyundai Motor India's 2024 IPO, potentially setting a new fundraising record in the Indian stock market.

Reuters

The estimated valuation of Jio Platforms could reach around ₹10.3 lakh crore, although the final market valuation will depend on the confirmed offer terms and investor demand.

What Does Jio Platforms Do?

Jio Platforms operates Reliance Industries' telecommunications and digital services businesses.

Its activities include mobile connectivity, broadband, cloud services, entertainment, enterprise technology and artificial intelligence-related offerings.

The company also counts Meta and Google among its major investors.

According to the reported draft offer details, the IPO is expected to consist entirely of fresh shares rather than existing investors selling their holdings. A significant portion of the proceeds may be used for debt repayment, with the remainder supporting general corporate purposes.

The Economic Times

What Should Retail Investors Know?

Before applying, investors should examine the final IPO documents, including the company's financial performance, valuation, risks and intended use of proceeds.

The expected price band alone does not indicate whether the shares are attractively valued or whether they will list at a premium.

Investors should also distinguish between the share's ₹10 face value and its proposed issue price, which includes the premium charged above face value.

Official IPO documents are available through Jio Platforms' investor relations website.

Final Takeaway

The Jio Platforms IPO is reportedly expected to open on October 21, 2026, with a potential price band of ₹1,065–₹1,119 per share.

If the proposed issue proceeds at the reported upper price, it could raise approximately ₹30,213 crore.

However, the final price band, subscription dates and other offer terms still require official confirmation. Investors should review the company's final prospectus before making any investment decision.

Sources: Aaj Tak, Reuters and The Economic Times, October 9, 2026; Reliance Industries' June 19, 2026 stock exchange disclosure. This article is for information only and is not investment advice.