Jio IPO Expected Date: Jio Platforms, the telecom, digital and technology arm of Mukesh Ambani-led Reliance Industries, is likely to launch its estimated $4-billion initial public offering by the end of October or in early November, according to a report by The Economic Times.
The IPO, if launched as planned, could become India’s largest-ever public offering. According to people familiar with the development cited by ET, the company is considering the festive period around Navratri and Diwali for the launch.
Jio Platforms IPO: Sebi approves draft papers
The IPO is expected to be worth around Rs 37,000-40,000 crore, which could make it one of India’s largest public offerings. In comparison, the proposed IPO of the National Stock Exchange is estimated at around Rs 30,000 crore.
Jio Platforms filed its draft IPO papers with Sebi in June.
Jio Platforms IPO size and structure
The IPO will consist entirely of a fresh issue of shares. There will be no Offer for Sale (OFS) component.
This means all the money raised through the IPO will go to Jio Platforms. Existing shareholders will not sell their shares as part of the issue.
How will Jio Platforms use the IPO money?
Jio Platforms is expected to use around Rs 27,000 crore of the IPO proceeds to repay debt.
The remaining Rs 10,000-13,000 crore will be used for general corporate purposes and to support the company’s expansion into new technology areas.
Jio Platforms business and growth areas
Jio Platforms is a technology company built around digital services and pan-India connectivity. Its businesses include mobile and fixed broadband, entertainment, cloud services, enterprise digital solutions, Internet of Things (IoT), private 5G, cybersecurity and artificial intelligence.
Jio Platforms subscriber base and 5G reach
As of March 31, 2026, Jio Platforms had 52.4 crore subscribers, showing the scale of its operations.
The company had 26.9 crore 5G customers, while its wireless network covered more than 99 per cent of India’s population. It also had around 2.7 crore fixed broadband customers.
Jio Platforms reported 16 per cent growth in revenue and 18 per cent growth in EBITDA between FY24 and FY26.
Its profit after tax margin also improved from 19.6 per cent to 20.5 per cent during the period.
Reliance Industries currently owns 66.43 per cent of Jio Platforms’ paid-up equity share capital. Meta and Google together own 17.71 per cent, while the remaining stake is held by other investors.
The IPO will be the first public offering from the Reliance group since 2008. It will also be the conglomerate’s first-ever IPO of a consumer-focused company.
