Jio Platforms schedules up to $3.2 billion IPO for October 21
Jio Platforms, the digital arm of Reliance Industries, is scheduled to open its initial public offering for subscription on October 21, 2026. The offering could raise up to $3.2 billion at a valuation of up to $108.3 billion and is expected to be India’s largest-ever public debut.
An updated prospectus reported by Reuters states that Jio Platforms will open its IPO the following week and could raise up to $3.2 billion at a valuation of up to $108.3 billion. The supplied context specifies October 21, 2026 as the opening date; because no opening time is provided, 00:00 UTC is used as a date-level convention. This is a material IPO milestone with significant implications for Reliance Industries, participating intermediaries and Indian telecom competition, but it remains scheduled rather than completed. The development is distinct from the earlier price-band announcement because it adds the expected opening date, proceeds ceiling and valuation, while remaining part of the existing Jio Platforms IPO storyline.
Jio Platforms, the digital arm of billionaire Mukesh Ambani's Reliance Industries NSE:RELIANCE1!, will open its initial public offering next week, in what is set to be India's biggest-ever public debut, an updated prospectus showed.
The company, whose businesses span telecoms, cloud computing, entertainment and AI services, could raise as much as $3.2 billion, with the sale valuing it at as much as $108.3 billion.
The IPO opens October 21, with shares priced at Rs 1,065-1,119 and listing expected October 28.