Jio Platforms’ IPO opens tomorrow, October 21 — India’s biggest share sale ever at up to ₹30,213 crore. The price band is ₹1,065–1,119, and one lot of 12 shares costs at least ₹13,428.
The Jio Platforms IPO price band was fixed on October 14: bidding runs October 21–23, the offer is a pure fresh issue of 27 crore shares, and listing is expected on October 28. At the top price, it beats Hyundai’s ₹27,858.75 crore record to become India’s largest IPO.
Updated: October 20, 2026, 10:00 IST
Quick Read
- The IPO runs October 21–23. It is a pure fresh issue of 27 crore shares — no existing shareholder is selling, The Hindu reported on October 14.
- At ₹1,119 a share, the raise touches ₹30,213 crore, beating Hyundai Motor India’s ₹27,858.75 crore record from 2024. LIC’s ₹20,557.23 crore issue is the only other one in this league.
- One lot = 12 shares (₹12,780–₹13,428). Employees get a ₹54-per-share discount; up to ₹2,500 crore is reserved for Reliance Industries shareholders.
What is an IPO, in plain words? When a company wants to raise big money from the public, it sells small pieces of itself — shares — to ordinary investors for the first time. A “lot” is the smallest pack you can buy: here, 12 shares. The “price band” is the range — ₹1,065 to ₹1,119 — and the final price is fixed after bidding closes. Most small investors bid at “cut-off”, which simply means “I’ll accept whatever final price is decided.”
Key dates and numbers
- Opens: Wednesday, October 21. Closes: Friday, October 23. (Markets are shut today, October 20, for Dussehra.)
- Anchor bidding: Monday, October 19 — done before the public offer, as is standard for big issues.
- Allotment: expected around October 26. Listing: expected October 28, on the BSE and NSE.
- Registrar: KFin Technologies. Lead managers: 19 banks are running the issue, SpikeToday reported from the prospectus.
- Size: 27 crore fresh shares of ₹10 face value. At ₹1,065 that’s ₹28,755 crore; at ₹1,119 it’s ₹30,213 crore — about 8% above Hyundai’s record.
What makes this issue unusual: both Hyundai (2024) and LIC (2022) were offers for sale — the money went to the parent company or the government. Jio’s is 100% fresh shares, so every rupee goes into the company. Almost all of it — up to ₹27,500 crore — will prepay borrowings of its subsidiary, Reliance Jio Infocomm. The rest is for general corporate purposes.
> Also read: Sensex, Nifty: Dussehra holiday, markets closed today
Who can apply, and how much
Retail investors can apply for 1 to 14 lots — that’s 12 to 168 shares, or roughly ₹13,428 to ₹1.88 lakh at the top price, the Financial Economy reported. The minimum outlay of ₹13,428 is the number most first-time investors should remember.
Employees of Jio Platforms get a reserved portion of up to ₹500 crore, with a ₹54 discount per share, The Hindu reported. That discount is real money: ₹54 off on a ₹1,119 share is nearly 5%.
Reliance Industries shareholders get their own quota of up to ₹2,500 crore. The conditions: you must be an individual or a Hindu Undivided Family, and you must have held Reliance shares in your demat account as of October 14, The Hindu reported. Even one Reliance share qualifies. The shareholder quota is a separate pool — it doesn’t guarantee allotment, just better odds in a smaller line.
> Also read: ITR refund status: check and fix delays
> Also read: Rupee all-time low: October 2026
What happens next
Anchor investors bid on October 19, and their allocation details will show how strongly the big institutions want in. The public book opens tomorrow morning, October 21. Subscription numbers will pour in through October 23 — watch the retail subscription figure on day three before deciding; a heavily subscribed issue means lottery-style allotment for small lots.
FAQ
### What is the Jio IPO price band and lot size?
₹1,065–₹1,119 per share, with a lot size of 12 shares. Minimum investment is ₹13,428 at the top price; retail investors can apply for up to 14 lots.
### When does the Jio Platforms IPO open and close?
Bidding opens Wednesday, October 21 and closes Friday, October 23. Allotment is expected around October 26, and listing on the BSE and NSE is expected on October 28.
### Is it a fresh issue, or are owners selling shares?
A pure fresh issue. All 27 crore shares are new, so the money goes to Jio Platforms — mainly to repay Reliance Jio Infocomm’s borrowings (up to ₹27,500 crore). Reliance Industries is not selling any of its shares.
The anchor book ran on Monday. Tomorrow morning, the public gets its turn — and India’s largest IPO ever starts taking bids.
