The Jio Platforms IPO price band has been set at ₹1,065 to ₹1,119 per equity share, putting the issue at ₹30,213 crore at the upper end, which would make it India’s largest public offering by issue size. Reliance Industries announced the band on Wednesday, October 14, 2026, and the subscription window runs from October 21 to October 23, 2026.
According to Business Today’s report published on October 14, the offer comprises 27 crore equity shares with a face value of ₹10. At the lower end of the band the issue is worth ₹28,755 crore. The Jio Platforms board’s IPO committee approved the price band, employee discount and minimum bid lot on the same day, and the Red Herring Prospectus was filed on October 14.
What Is the Jio Platforms IPO Price Band and Minimum Investment?
Retail investors must bid for a minimum of 12 shares and in multiples of 12 thereafter. That works out to a minimum investment of ₹13,428 at the upper band of ₹1,119 and ₹12,780 at the lower band of ₹1,065. Eligible employees bidding under the employee reservation portion get a discount of ₹54 per share, which brings their effective price to ₹1,065 at the upper band.
How Does the Jio Platforms IPO Compare With India’s Biggest Listings?
At the upper band, the ₹30,213 crore issue would exceed Hyundai Motor India’s ₹27,870 crore offering from 2024 by ₹2,343 crore. The report also lists other large Indian issues for comparison: NSE at ₹22,562 crore (2026), LIC at ₹20,557 crore (2022), Paytm at ₹18,300 crore (2021) and Tata Capital at ₹15,512 crore (2025).
Industry Reaction and Expert Commentary
The source report quotes only the filing language on the employee discount and does not carry analyst commentary. It also does not state a valuation or how the issue is split between fresh shares and an offer for sale, so Industrial Front has not included either figure. Readers should consult the Red Herring Prospectus for those details before bidding. No market reaction had been reported in the source at the time of writing.
What Happens Next?
Bidding opens on October 21 and closes on October 23, 2026. Allotment and listing dates were not stated in the Business Today report; investors should watch the prospectus and exchange notices for the schedule. Anyone considering the offer should read the prospectus and, if needed, consult a registered financial adviser, as this article is news coverage and not investment advice.
Frequently Asked Questions
What is the Jio Platforms IPO price band?
The price band is ₹1,065 to ₹1,119 per equity share, with a face value of ₹10 per share.
When does the Jio Platforms IPO open and close?
The subscription opens on October 21, 2026 and closes on October 23, 2026.
What is the minimum investment in the Jio Platforms IPO?
The minimum lot is 12 shares, which requires ₹13,428 at the upper price band and ₹12,780 at the lower band.
Source: Business Today, October 14, 2026.
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