Jio IPO 2026: what are the price band, dates, lot size and Reliance shareholder quota rules?

Short answer: it's now official. Jio Platforms' IPO opens on Wednesday 21 October 2026 and closes on Friday 23 October, at a price band of ₹1,065–1,119 per share. The minimum bid is 12 shares (₹13,428 at the top of the band). At ₹30,213 crore at the top of the band, it is set to be India's largest IPO, ahead of Hyundai Motor India's issue in October 2024. Jio filed its final offer document (red herring prospectus, or RHP) on 14 October.

Key dates (confirmed)

| Step | Date |

|---|---|

| Anchor investors bid | Mon 19 Oct |

| Issue opens | Wed 21 Oct |

| Issue closes | Fri 23 Oct |

| Allotment | Mon 26 Oct |

| Refunds and shares to demat | Tue 27 Oct |

| Listing on BSE and NSE | Wed 28 Oct |

The issue at a glance

• Size: up to 27 crore new shares, raising ₹28,755–30,213 crore depending on the final price.
• Fresh issue only: no existing shareholder (Reliance, Meta, Google and others) is selling. About ₹27,500 crore will prepay borrowings of Reliance Jio Infocomm; the rest is for general corporate purposes.
• Valuation: about ₹10.3 lakh crore at the top of the band.
• Lot size: 12 shares, then multiples of 12. One lot costs ₹13,428 at the top of the band (₹12,780 at the bottom). A retail investor can bid for up to 14 lots (168 shares, ₹1,87,992) and stay within the ₹2 lakh limit.
• Employees: up to ₹500 crore is reserved for eligible employees, who get ₹54 off per share.
• Split: under the draft prospectus, up to 50% for institutions (QIBs), at least 15% for non-institutional investors and at least 35% for retail investors.
• Registrar: KFin Technologies.

The Reliance shareholder quota (confirmed)

• Up to ₹2,500 crore is reserved for eligible Reliance Industries (RIL) shareholders: individuals and HUFs who held RIL shares as on 14 October 2026, the date the RHP was filed.
• If you bought RIL shares after that, you don't qualify for this quota, but you can still apply as a retail investor.
• Bids in the shareholder category are capped at ₹2 lakh. Eligible RIL shareholders can also bid in the retail category.

Jio's numbers (FY2026, from the draft prospectus)

• Customers: 524.4 million
• Revenue: ₹1,46,885 crore, with a profit after tax of ₹30,049 crore
• Average revenue per user (ARPU): ₹214 a month, up from ₹206.2 in FY2025

About the GMP

The grey market premium (GMP) was reported at about ₹206–220 a share on 15 October, roughly 18–20% above ₹1,119, up from about ₹180 on 12 October. GMP is unofficial and unregulated, changes daily and is not a reliable guide to listing gains.

How to apply

From 21 October, apply through your broker's app with a UPI mandate, or through your bank's net banking (ASBA). You need a demat account and a PAN. RIL shareholders can choose the shareholder category in the application if they held shares on 14 October.

PetitionFox will add day-wise subscription figures here while the issue is open.

Updated 15 October 2026. This is not investment advice. Read the RHP and think about your own situation before applying.