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Jio Platforms Ltd.
Upcoming
Price Band
₹1065 to ₹1119
IPO Issue Period
21 Oct to 23 Oct, 2026
Issue Size
₹30,213 Cr
Face value
₹10 per share
Fresh issue
₹30,213 Cr
Offer for sale
NIL
Minimum Shares for Retail
12 Shares
Employee Discount
₹54.00
Listing on
BSE, NSE
Issue Type
Book Built Issue - IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Wed, Oct 28, 2026
QIB
50%
NII
15%
Retail
35%

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Company Profile

Incorporated in November 2019, Jio Platforms Limited is a leading Indian technology company dedicated to providing extensive digital connectivity, digital services, and technology-driven solutions. The company operates a comprehensive platform that delivers a wide array of services to both consumers and businesses. Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, and smart home solutions, while its enterprise segment provides cloud, security, internet of things (IoT), and AI-based applications. Anchoring this vast ecosystem is its subsidiary, Reliance Jio Infocomm Limited, which served an impressive 533.3 million customers as of June 30, 2026.

Underpinning Jio’s services is a massive proprietary infrastructure, featuring pan-India 4G and 5G networks that cover more than 99% of the Indian population, alongside fiber connectivity across over 1,200 facilities. The company is heavily invested in continuous innovation, developing an indigenous 5G technology stack, fixed wireless access, and its proprietary AI platform, JioBrain. Driven by a nationwide distribution network and strong technological capabilities, Jio Platforms and its subsidiaries have filed 7,220 patent applications, successfully securing 1,043 granted patents as of June 30, 2026.

For the year/period ended (Rs. in Cr.)

FY26 FY25 FY24
Total Revenue 146885.3 128218.4 109558.1
Profit After Tax 30049.1 26109.0 21423.2
EPS 33.63 29.21 23.96
EBITDA Margin (%) 51.91 50.05 50.16
PAT Margin (%) 20.46 20.36 19.55

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY26
Net Profits(Cr.)
FY26
Jio Platforms Limited 1030490.5* 1119 2.99 34.29 146885.3 30049.1
Bharti Airtel Limited 1153088 1852 7.57 36.9 210973 33823
Vodafone Idea Limited 135973 12.6     –     – 44873 34552

*Market cap @upper band

  • Leadership in digital connectivity and services across India.
  • Diversified portfolio of consumer and enterprise digital services.
  • Large and highly engaged customer base with nationwide reach.
  • Nationwide digital distribution network and strategic group synergies.
  • Proven ability to scale operations and deploy new technologies rapidly.
  • Extensive pan-India network infrastructure with 4G and 5G capabilities.
  • Proprietary technology platform with in-house engineering and full-stack capabilities.
  • Strong innovation capabilities supported by patents, AI and technology development.

The Company JIO PLATFORMS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL (Rs. 27,500.00 Cr.)
  • General corporate purposes.

At the upper band of IPO Rs. 1119, the stock is valued at 34.29 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.