Business news · IPO & Capital Markets · 05 Oct 2026
IN Telecommunication Financial Services
Jio Platforms, the telecom and digital arm of Reliance Industries, is reported to be planning to file its red herring prospectus in the week starting October 12, with the public offer opening before October 23 and trading beginning by the end of the month. The issue is put at about USD 3.8 billion (roughly Rs 37,700 crore): 27 crore new shares and no offer for sale, with the money going to repay Jio Infocomm debt and for general corporate purposes. No price band or official dates have been announced.
At that size it would be the largest IPO India has seen, and the first from the Reliance group since 2008. Reliance holds 66.4% of Jio Platforms and Meta and Google together 17.7%; because the issue is entirely new shares, none of them sells, and the proceeds reduce debt at the telecom unit. Jio Platforms reported FY26 revenue of Rs 1,46,885 crore and profit of Rs 30,053 crore. An issue this large draws on the same pool of institutional and retail money as the rest of the October calendar, at a time when foreign investors have been net sellers. The timetable is a press report until the prospectus is filed.
Reported by Upstox — “Jio Platforms IPO: When is the issue likely to open? 3 key things to know” ↗ on 05 Oct 2026.
NSE stocks, from the last close on or before 05 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Telecommunication | 13 | +1.2% | 10 of 13 | +1.5 pts |
| Financial Services | 125 | +0.4% | 66 of 125 | +0.7 pts |
| All tracked stocks | 804 | -0.3% | 374 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Reliance Industries Ltd. RELIANCE | ₹1,186.4 | ₹1,211.2 | +2.1% |
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