Jio Platforms Ltd IPO
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- Minimum investment
- ₹12,780
- Price band
- ₹1,065 – ₹1,119
- Lot size
- 12 shares
- Issue size
- ₹30,213 Cr
- Face value
- ₹10
- IPO document
- Offer PDF
Schedule
Bidding open, closes 23 Oct 2026- IPO open date, Current milestone
- IPO close date, Upcoming
- Allotment date, Upcoming
- Funds unblock or debit, Upcoming
- Listing date, Upcoming
Updated
*All values are in ₹ crore
- 2024
- ₹1,10,175 Cr
- 2025
- ₹1,29,333 Cr
- 2026
- ₹1,49,759 Cr
- A technology company with deep-rooted engineering capabilities and full-stack proprietary capabilities.
- Transforming digital connectivity and digital services in India.
- Culture of pioneering and innovation driving execution engine excellence.
- The nation scale, digital gateway to India.
- Future-ready network infrastructure.
- Proven track record of scale, growth and profitability with strong balance sheet.
Key Strengths
- Strong financial performance: Revenue from operations grew from ₹1,09,558.1 Cr in FY24 to ₹1,46,885.3 Cr in FY26, while EBITDA margin remained robust at 51.91%.
- Large customer base and digital reach: With 533.3 million customers as of June 2026, Jio benefits from extensive network infrastructure and opportunities to expand its digital services.
- Proprietary technology capabilities: The company and its subsidiaries had filed 7,220 patent applications, with 1,043 granted as of June 30, 2026, supporting technology development and innovation.
Key Risks
- Capital-intensive operations: Continued network investment and debt obligations remain important considerations, despite the proposed use of up to ₹27,500 Cr of IPO proceeds to prepay certain RJIL borrowings.
- Competitive pressure on growth: Competition in telecom services could constrain tariff increases and ARPU growth, affecting future revenue and margins.
- Regulatory and cybersecurity exposure: Regulatory changes, data-privacy breaches and cyberattacks could disrupt operations and increase compliance costs.
Jio Platforms IPO Lot Size
Investors can bid for a minimum of 12 shares and in multiples thereof. Retail investors can apply for a minimum of one lot, comprising 12 shares, requiring an investment of ₹12,780 at the lower price band of ₹1,065.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 12 | 12,780 |
| Retail (Max) | 14 | 168 | 1,78,920 |
| S-HNI (Min) | 15 | 180 | 1,91,700 |
| S-HNI (Max) | 74 | 888 | 9,45,720 |
| B-HNI (Min) | 75 | 900 | 9,58,500 |
Jio Platforms IPO Peer Comparison
Jio Platforms has identified Bharti Airtel and Vodafone Idea Limited as its listed peers for comparison in the RHP. The peer P/E ratios are based on the closing market prices on NSE as of 13 October 2026 and diluted EPS for FY26.
| Company | P/E Ratio (x) | Diluted EPS (₹) |
|---|---|---|
| Jio Platforms | NA | 33.59 |
| Bharti Airtel | 40.71 | 44.37 |
| Vodafone Idea | 3.99* | 3.21 |
*Vodafone Idea's FY26 profit after tax of ₹34,552 Cr includes exceptional items of ₹58,607 Cr. As per the RHP, excluding these items, its P/E ratio would not be comparable.
Source: RHP