Business & Economy
Jio Platforms fixes IPO price at ₹1,119 after record demand
India’s largest digital platform gains a separate public-market valuation
India’s largest digital platform gains a separate public-market valuation
Jio Platforms set its price at ₹1,119 a share after investors bid more than ₹7 lakh crore, or 22.2 times the shares offered. The ₹30,213-crore issue ran from October 21 to 23 and gives investors direct ownership in ’ telecom and digital-services arm. The price values Jio at about ₹10.3 lakh crore, showing confidence in its large subscriber base and growing digital businesses.
Shares were due to be allotted on October 26 and begin trading on the and on October 28. The listing will show whether demand leads to a strong market price, rather than relying on unofficial . Investors will compare Jio with on scale, profits and growth. Reliance gains a separate market value for Jio, while a successful issue could encourage more Indian technology and consumer-platform companies to list.
The listing gives Reliance Industries a for its telecom and digital-services business while retaining the strategic relationship between the parent and Jio. Its market value relative to Bharti Airtel will provide an immediate benchmark for investor views of telecom scale, profitability and platform growth. The outcome may influence how future Indian technology and consumer-platform companies approach public offerings.
Jio Platforms fixed its IPO issue price at ₹1,119 after strong demand and was scheduled to begin trading on the on October 28, 2026. The first public-market trading price had not yet been established in the available reports.
The was scheduled for October 26, moving the process from bidding to assigning shares to successful applicants. Investors who receive allotments are expected to obtain shares before trading begins, while unsuccessful applicants are due refunds or release of application funds. The allotment follows demand that substantially exceeded the available shares.
Jio Platforms fixed the at the upper end of the ₹1,065 to ₹1,119 band after the heavily oversubscribed offering. The final price implies a of about ₹10.3 lakh crore. At that level, Jio ranks among India’s most valuable companies and sits below Bharti Airtel’s reported market value before listing, although headline s are not directly comparable with operating profits.
The IPO closed after attracting demand equivalent to about 22.2 times the shares on offer. Applications represented more than ₹7 lakh crore of investor demand, far exceeding the ₹30,213-crore issue size. The response allowed Reliance to price the offering at the top of its announced range.
Reliance Industries offered investors direct exposure to Jio Platforms, its telecom and digital-services arm, through a of 27 crore shares. The ₹1,065 to ₹1,119 price band valued Jio’s subscriber scale, connectivity business and digital-services growth prospects. The was intended to unlock value and raise capital while giving public investors direct ownership in the platform.