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- Jio IPO Launch | Reliance Digital Services Share Price Market Cap Update
Mumbai37 minutes ago
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The country’s largest IPO of Jio Platforms Limited will open from today, October 21. Through this the company will raise Rs 30,188 crore. This IPO will remain open for public subscription till October 23.
In this IPO, Reliance Industries’ Digital Services Company will issue 27 crore shares. The company has fixed the price of one share i.e. price band from ₹ 1,065 to ₹ 1,119. After listing, the market cap of the company can reach ₹10.30 lakh crore.
Shares reserve worth ₹3,000 crore for employees and shareholders
- For Employees: Shares worth up to ₹500 crore have been reserved for employees.
- Employee Discount: Employees will also get a discount of ₹54 on every share.
- RIL Shareholders: There is a quota of up to ₹2,500 crore for eligible shareholders.
Retail investors can buy minimum 12 shares
In IPO, retail investors can apply for minimum one lot i.e. 12 shares. If you apply for 1 lot at the upper price band of the issue at ₹1,119, you will have to invest ₹13,428.
Whereas retail investors can bid for a maximum of 14 lots i.e. 168 shares of IPO. For which investors will have to invest a maximum of ₹ 1,87,992.
You can get 22.5% return by investing in IPO
Before listing, the company’s shares have reached a premium of 22.52% i.e. ₹ 252 per share in the gray market. According to Gray Market Premium (GMP), it can be listed at ₹ 1371 (1119+252=₹ 1371) in the upper price band of ₹ 1,119.
How much share is reserved for whom in the issue?
- Qualified Institutional Buyers (QIB): 50% share reserve
- Non-Institutional Investors (NII): 15% share reserve
- Retail investors: 35% share reserve
Who will get the benefit of shareholder reservation?
Eligible Reliance shareholders include individuals and Hindu Undivided Families (HUFs) who held public equity shares of Reliance Industries as on October 14, the date of filing of the company’s Red Hearing Prospectus or RHP. This discount will be subject to applicable eligibility criteria and regulatory rules.
This will be the biggest IPO ever in the country
Jio Platforms will be the biggest IPO ever in the country. Through this the company will raise approximately Rs 30,200 crore. Earlier, Hyundai Motor India’s Rs 27,858 crore IPO in 2024 was the country’s largest IPO.
27 crore fresh shares will be issued through IPO
According to RHP, through this IPO the company will issue up to 27.5 crore fresh shares with a face value of ₹ 10. Jio Platforms includes the telecom and digital services business of Reliance Jio.
This business is an important part of the value unlocking strategy of Reliance Industries. In view of India’s rapidly growing digital ecosystem and large telecom network, the eyes of market investors are fixed on this listing.
The company will repay the loan with the amount raised
The funds raised from the fresh issue will be used to repay the debts of the company’s key subsidiary, Reliance Jio Infocomm Limited (RJIL). Apart from this, the fund will also be used for general corporate purposes.
Post the issue, the promoter and promoter group stake will reduce from 66.43% to 64.48%, while public shareholding will increase from 33.57% to 35.52%.
Raised ₹8,110 crore from anchor investors before IPO
Ahead of the IPO, the company raised ₹8,110 crore from 212 anchor investors. The company’s anchor book had received more than 30 times subscription. That means, against the anchor book, anchor investors had placed bids worth about Rs 2.5 lakh crore.
The bidding date for anchor investors i.e. big institutional investors was October 19. This is the largest institutional bid ever for any Indian IPO.
The world’s largest asset managers, sovereign wealth funds, India’s leading mutual funds, insurance companies and pension funds were included in this anchor book.
Approval for IPO was received from SEBI in August.
Reliance Industries had said that Jio Platforms had earlier submitted the Draft Red Hearing Prospectus (DRHP) on June 19. After this, on August 28, observation letter i.e. approval was received from the market regulator Securities and Exchange Board of India (SEBI).
Jio is the country’s largest telecom operator, 53.3 crore users
Jio Platforms is currently the largest telecom operator in the country. As of June 30, 2026, the total subscriber base of the company is 53.3 crores. It has 28.49 crore 5G users, which is the third largest 5G customer base in the world. Jio Platforms is a tech company of Reliance, whose headquarters is in Mumbai.
Along with running the largest mobile network in India, this company also provides advanced 5G services and technology to other telecom companies of the world. It has all the necessary software, network services and AI tools related to 5G.
With the help of this technology, it becomes very easy for big companies and private networks to use 5G, which can also be run on the Internet cloud.
The company had filed RHP on October 14.
The company had filed Red Hearing Prospectus or RHP for the IPO on Wednesday, October 14. The RHP was filed with the Registrar of Companies (RoC) in Ahmedabad, Gujarat. Reliance had given this information in the regulatory filing given to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
What is Initial Public Offering or IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO.
The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
What is the gray market premium of IPO?
The Gray Market Premium (GMP) of an IPO tells us how much more people are willing to buy the shares of that IPO in the unofficial market before listing. Gray market is an unofficial way in which some traders buy and sell shares even before listing.
Since GMP shows how much premium people are willing to pay, it is used by most investors to estimate the price at which a share will open on the day of listing.
Sometimes the gray market premium proves to be absolutely accurate, sometimes it also fluctuates slightly. But this is the most popular way to estimate listing gains.
What is Red Hearing Prospectus (RHP)?
This is an official document that a company submits to SEBI and Registrar of Companies (RoC) before launching an IPO.
It contains complete details of the company’s business, financial condition, promoters and risk factors. In this, there is an estimated range instead of the final price of shares (issue price) or price band and the number of shares, which is decided later.
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