Q1. What is the business of Jio Platforms Limited ?

It operates telecom, digital, broadband, cloud, AI, entertainment and enterprise technology businesses, serving 533M+ subscribers.

Q2. Why is the company raising funds via IPO?

Jio Platforms is raising funds via IPO to repay ₹27,500 crore of Reliance Jio Infocomm debt, while also supporting general corporate purposes and creating a public-market valuation.

Q3. What is the size of the issue and where will it list?

The IPO is entirely as a Fresh Issue of 27,00,00,000 Equity Shares. It will be listed on NSE and BSE platform.

Q4. What are the key risks to an investor?

Risks include intense telecom competition, regulatory changes, heavy capital requirements, cybersecurity threats and dependence on technology infrastructure.

Q5. What are the potential upsides?

Upside includes massive customer scale, 5G leadership, AI/cloud expansion, digital monetisation and enterprise services could provide multiple long-term growth engines.

Q6. How to apply for the IPO?

Toggle Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Jio Platforms Limited IPO: GMP today, Price, Review, Detail

Upcoming

Jio Platforms Limited IPO: GMP today, Price, Review, Detail

Market Cap

₹37,700 crore

IPO Issue Size

270000000 shares

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

Jio Platforms Limited is a digital technology company and the holding company for Reliance’s digital businesses, including telecom, broadband, digital services, enterprise solutions and other technology offerings. Its flagship business is built around the Jio digital ecosystem serving hundreds of millions of customers.

Jio Platforms Limited was incorporated in 2019 & currently Mr. Akash Ambani serves as the Managing Director & CEO of the company.

Jio Platforms Limited filed its DRHP with SEBI on June 19, 2026. The IPO features entirely as a Fresh Issue of 27,00,00,000 Equity Shares.

It provides mobile and fixed broadband connectivity, digital services, cloud, entertainment, gaming, IoT, enterprise solutions, private 5G, cybersecurity and AI-based products.Jio has over 524.4 million customers as of March 31, 2026, It has 27.1 million fixed-broadband customers and 268.5 million 5G customers. Jio held 42.60% of India’s overall fixed-broadband market in FY2026. It has a mobile subscriber base over 533 million by June 2026.

Subscription date to apply for Jio Platforms Limited is yet to be announced. Price band for the IPO is yet to be declared.

Year	2026
Networth	₹ 334013.40 Cr
Revenue	₹ 146885.30 Cr
EBITDA	₹ 76255.40 Cr
PAT	₹ 30049.10 Cr
EBITDA Margin	~51.91%
PAT Margin	~20.46%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Repayment/Prepayment of Borrowing	₹ 27500 Cr
-	-
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2024	2025	2026
Revenue (₹ Cr)	₹ 109,558.1	₹ 128,218.4	₹ 146,885.3
PAT (₹ Cr)	₹ 21,423.2	₹ 26,109.0	₹ 30,049.1
Asset (₹ Cr)	₹ 539,580.4	₹ 581,233.8	₹ 615,594.0
Net Worth (₹ Cr)	₹ 277,866.1	₹ 581,233.8	₹ 615,594.0

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

Market leadership: Jio has a massive customer base of 500M+ subscribers, giving it strong scale and brand strength.
Strong growth potential: Expansion into 5G, AI, cloud, enterprise, IoT and digital services provides multiple growth avenues.
Strong financial performance: FY26 revenue was around ₹1.47 lakh crore, with continued profit growth.
Debt reduction: A large portion of the IPO proceeds is planned for repayment of Jio’s outstanding debt, potentially strengthening the balance sheet.
Strong strategic backing: Reliance Industries, along with strategic investors such as Google and Meta, provides financial and technological support.

Cons

High valuation risk: At the expected mega-IPO valuation, investors may be paying a premium, leaving less margin of safety.
High competition: Jio faces intense competition from Bharti Airtel and Vodafone Idea, which can pressure pricing and margins.
High capital requirements: Telecom and 5G require continuous investment in spectrum, networks and technology.
Regulatory risk: Telecom is heavily regulated, and changes in spectrum, tariffs or government policy can affect profitability.
Cybersecurity & operational risk: Jio’s huge digital ecosystem makes it exposed to cyberattacks, vendor dependence and technology disruptions.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Reliance Industries Limited	66.43%
-	-
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	8.94%
ROCE	10.76%
RoNW	9.42%

Lead / Book Running Lead Managers

Kotak Mahindra Capital Company Limited Morgan Stanley India Company Private Limited BofA Securities India Limited Axis Capital Limited BNP Paribas

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Jio Platforms Limited ?
It operates telecom, digital, broadband, cloud, AI, entertainment and enterprise technology businesses, serving 533M+ subscribers.
Q2. Why is the company raising funds via IPO?
Jio Platforms is raising funds via IPO to repay ₹27,500 crore of Reliance Jio Infocomm debt, while also supporting general corporate purposes and creating a public-market valuation.
Q3. What is the size of the issue and where will it list?
The IPO is entirely as a Fresh Issue of 27,00,00,000 Equity Shares. It will be listed on NSE and BSE platform.
Q4. What are the key risks to an investor?
Risks include intense telecom competition, regulatory changes, heavy capital requirements, cybersecurity threats and dependence on technology infrastructure.
Q5. What are the potential upsides?
Upside includes massive customer scale, 5G leadership, AI/cloud expansion, digital monetisation and enterprise services could provide multiple long-term growth engines.
Q6. How to apply for the IPO?
Toggle Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.