Jio Platforms to launch IPO on October 21; likely to list on October 28

Jio Platforms the digital services division of Reliance Industries plans to launch its initial public offering IPO on October 21 reported news agency PTIThe IPO is expected to be the largest public issue in the country at an estimated size of USD 38 billion The shares of the company is likely to get listed on the bourses on October 28 at an enterprise valuation of USD 143146 billion or above Rs 12 lakh croreHyundai Motor Indias Rs 27870crore IPO in 2024 is the largest issue in the country so farThe IPO would be the first public issue from the Reliance Group since 2008 It would also be the first IPO of a consumerfocused business within the conglomerate as per PTIThe issue will open for subscription from October 21 to October 23 after completion of the anchor round on October 19 The shares are expected to get listed on October 28 for public trading sources told PTIJio Platforms had filed its draft papers with the market regulator Securities and Exchange Board of India SEBI in June for the proposed public issue and had obtained SEBIs final observations on August 28SEBIs observation is a key step in the initial public offering IPO process after which a company can proceed with further preparations for the public issue subject to applicable regulatory requirementsThe company is expected to file final papers with SEBI for the IPO in the week starting October 12 as per PTIIssue to account for 29 per cent of the companys total equity baseAccording to the Draft Red Herring Prospectus DRHP the company will offer up to 27 crore fresh equity shares The issue will account for around 29 per cent of the companys total equity base postissueEarlier in June Reliance Industries Chairman and Managing Director Mukesh Ambani had described the approval of the DRHP as a deeply emotional moment for the Reliance Group and its millions of shareholdersThe relationship Reliance shares with its shareholders is a deep and sacred relationship founded on pride trust respect and shared growth a commitment deeply personal to Dhirubhai Ambani and equally sacred to Mukesh Ambani he had saidThe proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale global capability and global value Mukesh Ambani had addedHe had also highlighted the role of the next generation of leadership stating that Akash Ambani Isha Ambani and Anant Ambani are leading the Jio IPO process and will spearhead future valuecreation opportunities for the companyBooming primary marketThe companys IPO comes amid heightened action in the primary market with strong participation from retail investors and domestic institutionsLast month the National Stock Exchange NSE had launched its Rs 22569IPO and so far over two dozen IPOs have been announced or launched since July 1 There were 28 IPOs recorded in the first half of 2026Jios market shareJio Platforms JPL houses Reliances digital businesses including its telecommunications operations with Reliance Jio Infocomm the telecom arm of the company dominating the Indian telecom market with a 3289 per cent market share in fixedline connections with 1579 million customers It has a 3929 per cent share in mobile connections with 506 million customersJPL has the largest 5G Standalone network outside China with 2685 crore 5G customers as of June 2026 Jio leads the Fixed Wireless Access segment globally with about 15 crore subscribers roughly 15 times the secondlargest player USbased TMobile as per PTIJio Platforms registered a 15 per cent rise in net profit to Rs 30053 crore and a 145 per cent increase in annual revenue to Rs 146885 crore for FY 26With inputs from PTI