Jio IPO draws INR 7.4 trillion as Reliance Industries stock awaits debut

Published on 10/27/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jio Platforms fixed its IPO at INR 1,119 after 22.2 times subscription. Reliance Industries stock faces an October 28 listing.

IPO and valuation milestones

Jio Platforms fixed its IPO price at INR 1,119 on October 26, 2026.
The offering drew 22.2 times subscription and Reliance will retain 64.5 percent after listing.
Reliance Industries stock was at INR 1,194.00 on October 27, 2026, at 1:55 p.m. IST.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance Industries (ISIN INE002A01018) is heading into the Jio Platforms listing after the IPO drew 22.2 times subscription at an issue price of INR 1,119. Moneycontrol reported the final price on October 26, 2026. The event gives investors a direct valuation reference for Reliance's digital and telecom business.

IPO demand sets the tone

The Jio Platforms offering received total demand exceeding INR 7.4 trillion, including anchor investor interest, while the public issue itself attracted bids worth INR 4.9 trillion, according to CNBC TV18 on October 25, 2026. Qualified institutional buyers subscribed 70.55 times their allocation, compared with 2.70 times for retail investors.

The chronology is unusually compressed. The IPO opened on October 21, 2026, closed on October 23 with 22.2 times subscription, and had its INR 1,119 price fixed on October 26, 2026, as Moneycontrol reported.

What does Jio mean for value?

The Hindu BusinessLine reported on October 26, 2026, that Reliance Industries will retain 64.5 percent of Jio Platforms after the listing. The IPO proceeds include up to INR 275.0 billion earmarked to repay borrowings at Reliance Jio Infocomm, which could reduce financial pressure in the digital business.

Reliance's most recent reported operating base also remains substantial. Its investor-relations material states that fiscal year 2026 consolidated revenue reached INR 11.8 trillion, up 9.8 percent year over year, while net profit rose 17.8 percent to INR 957.5 billion. The same material puts Jio Platforms revenue at INR 1.5 trillion for fiscal year 2026, up 14.6 percent, with an EBITDA margin of 51.9 percent. These figures provide the operating context for the separate market valuation created by the IPO.

Listing date is next

Jio Platforms is scheduled to list on the NSE and BSE on October 28, 2026, according to The Hindu BusinessLine. The debut will give public markets a new reference point for Reliance's digital assets, while the parent remains exposed to energy, retail and consumer businesses.

Reliance Industries was at INR 1,194.00 on the NSE on October 27, 2026, at 1:55 p.m. IST. The stock's 52-week range was INR 1,152.20 to INR 1,611.80, and its market capitalization was INR 16.2 trillion as of the same date. NSE identifies the company as Reliance Industries Limited with ticker RELIANCE and ISIN INE002A01018.