Jio IPO Sets Price Band at ₹1,065–₹1,119 to Raise Record ₹30,200 Crore
_105944942.jpg)
Dalal Street is gearing up for the largest public listing in Indian corporate history as Mukesh Ambani-led Reliance Jio Platforms officially announced the price band for its mega Initial Public Offering (IPO). The digital and telecom giant has pegged its share price band between ₹1,065 and ₹1,119 per equity share, valuing the company at an equity valuation of ₹9.8 lakh crore to ₹10.3 lakh crore ($101 billion to $107 billion). Factoring in net debt adjustments, the enterprise value stands between ₹10.9 lakh crore and ₹11.4 lakh crore. The massive capital market event has arrived ahead of the festival season, setting the stage for record-breaking retail and institutional participation.
Record-Breaking Fresh Issue: ₹30,200 Crore War Chest for 5G Expansion and AI
Unlike typical private equity exits, the mega offering is structured exclusively to direct primary capital into the enterprise:
Entirely Fresh Equity Issue: The entire market offering consists of a 100% fresh issue of shares, with no offer-for-sale (OFS) component from existing shareholders, directing the entire proceeds of approximately ₹30,200 crore at the upper price band straight into the company's accounts.
Deleveraging Balance Sheet: A significant portion of the net proceeds will be allocated toward retiring outstanding debt obligations, strengthening the balance sheet and lowering finance costs.
Capital Expenditure on 5G and Artificial Intelligence: The remaining capital will fund the aggressive rollout and enhancement of pan-India 5G infrastructure, next-generation data center constructions, and deep-tech artificial intelligence (AI) ecosystem expansion.
Bidding Window and Pre-Diwali Market Timing
The offering schedule has been strategically placed to capitalize on strong festive retail liquidity and positive market sentiment:
Subscription Window: Bidding opens for institutional, non-institutional, and retail investors on Wednesday, October 21, and concludes on Friday, October 23, 2026.
Bourse Listing Date: The equity shares are scheduled to debut on the domestic bourses on Wednesday, October 28, 2026.
Festive Liquidity Edge: Timed in the immediate run-up to Diwali, the public issue looks to capitalize on seasonal capital inflows and upbeat investor sentiment across the Indian capital markets.
Historic Milestone: Jio Surpasses Hyundai to Become India's Largest-Ever IPO
The issue officially claims the pinnacle of the Indian primary equity market:
Eclipsing Previous Benchmarks: At ₹30,200 crore, Reliance Jio's public issue eclipses the previous benchmark set by Hyundai Motor India's ₹27,858.75 crore IPO, establishing a new record as the single largest IPO in the nation's financial history.
Global Tech Valuations: Crossing the $100 billion valuation threshold firmly positions Jio Platforms among the most valuable telecom, digital services, and deep-tech entities across global emerging markets.
_1393682679_351x234.jpg)
_1308851361_351x234.jpg)
_1200926177_351x234.jpg)