{"id":289486,"date":"2026-10-06T12:19:04","date_gmt":"2026-10-06T06:49:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=289486"},"modified":"2026-10-06T12:19:04","modified_gmt":"2026-10-06T06:49:04","slug":"jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/","title":{"rendered":"Jio IPO Details: The Reliance-Backed Rs 37,000 Crore Issue, Launch Date, Expected Price Band, Structure, Financials, Valuation, How to Apply and Full Details Before Bidding Opens"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jio IPO: Rs 37,000-37,800 cr (about $3.8 bn), up to 27 cr fresh shares. Reported 21-23 Oct, list 28 Oct. Price band awaited; RHP due week of 12 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Jio IPO details point to a Rs 37,000 to Rs 37,800 crore issue, about $3.8 billion, made up entirely of a fresh issue of up to 27 crore shares of face value Rs 10, which would be India&#8217;s largest IPO. The issue is reportedly set to open on 21 October and close on 23 October with listing on 28 October, the price band and lot size are not announced, and the red herring prospectus is expected in the week of 12 October. About Rs 27,500 crore of the proceeds will repay borrowings of Reliance Jio Infocomm, and the issue is about 2.9% of the post-issue equity, so Reliance Industries&#8217; stake would fall to about 64.5% from 66.4%. FY26 revenue was Rs 1,46,885 crore and profit Rs 30,049 crore, and valuation talk of $143 billion to $146 billion implies about 18 times EBITDA, my arithmetic, so the price band will decide how attractive the issue is.<\/p>\n<\/p><\/div>\n<p>Jio IPO details are now clearer than at any point since the June filing, with reports that the financial figures are being passed around among investors and that the offering could open on 21 October. Nothing is official until the red herring prospectus is filed, so every date and price here is reported.<\/p>\n<p>If you want the full Jio IPO details before bidding opens, this article covers the Rs 37,000 crore issue size and the 27 crore fresh shares, the timeline to the 28 October listing, anchor and other reservation categories, the expected Jio IPO price band, the Reliance Industries stake, the financials and EBITDA, the Rs 27,500 crore debt repayment, how to apply with UPI, the grey market premium and the risks.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_at_a_Glance\" title=\"Jio IPO Details at a Glance\">Jio IPO Details at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_Timeline_From_DRHP_to_Listing\" title=\"Jio IPO Details: Timeline From DRHP to Listing\">Jio IPO Details: Timeline From DRHP to Listing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_Reservation_by_Investor_Category\" title=\"Jio IPO Details: Reservation by Investor Category\">Jio IPO Details: Reservation by Investor Category<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_Financials_and_Valuation\" title=\"Jio IPO Details: Financials and Valuation\">Jio IPO Details: Financials and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_Use_of_Proceeds\" title=\"Jio IPO Details: Use of Proceeds\">Jio IPO Details: Use of Proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#How_to_Apply_Once_the_Jio_IPO_Details_Are_Final\" title=\"How to Apply Once the Jio IPO Details Are Final\">How to Apply Once the Jio IPO Details Are Final<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Jio_IPO_Details_Grey_Market_Premium\" title=\"Jio IPO Details: Grey Market Premium\">Jio IPO Details: Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Risks_to_Weigh_in_the_Jio_IPO_Details_Before_Bidding_Opens\" title=\"Risks to Weigh in the Jio IPO Details Before Bidding Opens\">Risks to Weigh in the Jio IPO Details Before Bidding Opens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_to_Watch_Next_for_the_Jio_IPO_Details\" title=\"What to Watch Next for the Jio IPO Details\">What to Watch Next for the Jio IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_are_the_Jio_IPO_details\" title=\"What are the Jio IPO details?\">What are the Jio IPO details?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#When_does_the_Jio_IPO_open\" title=\"When does the Jio IPO open?\">When does the Jio IPO open?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_is_the_expected_Jio_IPO_price_band\" title=\"What is the expected Jio IPO price band?\">What is the expected Jio IPO price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_is_the_Jio_IPO_reservation\" title=\"What is the Jio IPO reservation?\">What is the Jio IPO reservation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#How_will_Jio_use_the_IPO_money\" title=\"How will Jio use the IPO money?\">How will Jio use the IPO money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_are_Jios_FY26_financials\" title=\"What are Jio&#8217;s FY26 financials?\">What are Jio&#8217;s FY26 financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#What_is_the_Jio_IPO_GMP\" title=\"What is the Jio IPO GMP?\">What is the Jio IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/jio-ipo-details-rs-37000-crore-issue-dates-price-band-before-bidding\/#Should_I_apply_for_the_Jio_IPO\" title=\"Should I apply for the Jio IPO?\">Should I apply for the Jio IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_at_a_Glance\"><\/span><strong>Jio IPO Details at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issuer<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Platforms Limited, the digital and telecom arm of Reliance Industries<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 37,000 crore to Rs 37,800 crore, or $3.8 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Structure<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100% fresh issue of up to 27 crore equity shares; no offer for sale<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Face value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share of post-issue equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter holding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Industries, 66.43% before and about 64.48% after the issue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lead manager and registrar<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kotak Mahindra Capital Company and KFin Technologies<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio IPO price band, lot size, minimum bid<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not announced<\/td>\n<\/tr>\n<\/table>\n<p>Dividing Rs 37,700 crore by 27 crore shares implies a price near Rs 1,396 per share, my back-of-envelope arithmetic, which is only a guide until the Jio IPO details are final and the price band is filed.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on Reliance and telecom stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_Timeline_From_DRHP_to_Listing\"><\/span><strong>Jio IPO Details: Timeline From DRHP to Listing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Step<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">DRHP filed with SEBI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19 June 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Done<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SEBI final observations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">28 August 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Done<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Global roadshows in the US, UK, Dubai, Hong Kong and Singapore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">September to early October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Completed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Red herring prospectus and India roadshow<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Week of 12 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expected<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 19 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO opens and closes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21 to 23 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported, not official<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Allotment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 26 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tentative<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listing on BSE and NSE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">28 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported, subject to market conditions<\/td>\n<\/tr>\n<\/table>\n<p>The timeline in the Jio IPO details is reported by market sources and not announced by the company, so dates can shift if markets weaken.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_Reservation_by_Investor_Category\"><\/span><strong>Jio IPO Details: Reservation by Investor Category<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Category<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Share of the net issue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Notes<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Qualified institutional buyers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not more than 50%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor investors are part of this portion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Non-institutional investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 15%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids above Rs 2 lakh<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail individual investors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 35%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids up to Rs 2 lakh<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eligible Reliance Industries shareholders<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A separate reservation, size not disclosed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids up to Rs 2 lakh<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eligible employees<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A separate reservation, size not disclosed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids up to Rs 5 lakh<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_Financials_and_Valuation\"><\/span><strong>Jio IPO Details: Financials and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,46,885 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 14.6% from Rs 1,28,218 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 76,255 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin of 51.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30,049 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 15.1% from Rs 26,109 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscribers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">524.4 million<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 268.5 million on 5G<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ARPU<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 214 in Q4 FY26<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 215.6 in Q1 FY27<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt at Reliance Jio Infocomm<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 71,529 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 27,500 crore to be prepaid<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$143 billion to $146 billion enterprise value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">At least Rs 12 trillion<\/td>\n<\/tr>\n<\/table>\n<p>At about Rs 13 lakh crore of implied equity value, from a 2.9% stake worth Rs 37,700 crore, the issue is about 43 times FY26 earnings, and the reported enterprise value is about 18 times EBITDA, both my calculations. These are valuation illustrations for the Jio IPO details and not the final price.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Jio IPO and Reliance Industries live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_Use_of_Proceeds\"><\/span><strong>Jio IPO Details: Use of Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Because the issue in the Jio IPO details is entirely fresh, the money goes to the company. Up to Rs 27,500 crore, about 38% of Reliance Jio Infocomm&#8217;s borrowings, will prepay or repay debt, and the balance is for general corporate purposes, including network and AI infrastructure according to some reports.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_Once_the_Jio_IPO_Details_Are_Final\"><\/span><strong>How to Apply Once the Jio IPO Details Are Final<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a demat account and link a UPI-enabled bank account.<\/li>\n<li>Wait for the price band, lot size and dates in the red herring prospectus.<\/li>\n<li>Bid through your broker or app during the issue window, in the retail, shareholder or employee category as eligible.<\/li>\n<li>Approve the UPI mandate and keep the funds ready.<\/li>\n<li>Check the allotment status after the issue closes and the shares in your demat account before listing.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Jio_IPO_Details_Grey_Market_Premium\"><\/span><strong>Jio IPO Details: Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The grey market premium has been quoted between Rs 120 and Rs 160, mostly Rs 145 to Rs 147 on 5 October. That is about 10% to 12% on a price near Rs 1,300 to Rs 1,400, but it is unofficial and misread several listings this week, so treat it separately from the Jio IPO details.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_the_Jio_IPO_Details_Before_Bidding_Opens\"><\/span><strong>Risks to Weigh in the Jio IPO Details Before Bidding Opens<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Unconfirmed details:<\/strong> The price band, dates and allocation in the Jio IPO details are not official until the prospectus is filed.<\/p>\n<p><strong>Valuation:<\/strong> About 18 times EBITDA and 43 times earnings, as in the Jio IPO details, leave less room than a smaller issue.<\/p>\n<p><strong>Competition and tariffs:<\/strong> Growth depends on tariff increases and 5G monetisation against Bharti Airtel and Vodafone Idea.<\/p>\n<p><strong>Debt and capital intensity:<\/strong> Return on equity is near 9.4% and borrowings remain large.<\/p>\n<p><strong>Market conditions:<\/strong> A weak market or a rate hike on 7 October could delay or shrink the response.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Jio_IPO_Details\"><\/span><strong>What to Watch Next for the Jio IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The red herring prospectus and price band in the week of 12 October.<\/li>\n<li>Anchor investor names around 19 October.<\/li>\n<li>The size of the Reliance shareholder and employee reservations.<\/li>\n<li>Grey market premium and subscription once bidding opens.<\/li>\n<li>The RBI policy on 7 October and market direction.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jio IPO details show a Rs 37,000 crore to Rs 37,800 crore fresh issue, reportedly opening on 21 October and listing on 28 October, with Rs 27,500 crore going to debt repayment and a valuation of about $143 billion to $146 billion. The price band and lot size are still awaited, so the Jio IPO details on valuation are not final. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Jio_IPO_details\"><\/span><strong>What are the Jio IPO details?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A fresh issue of up to 27 crore shares worth about Rs 37,000 to Rs 37,800 crore, or $3.8 billion, with no offer for sale, reportedly opening on 21 October.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Jio_IPO_open\"><\/span><strong>When does the Jio IPO open?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports say 21 October, closing on 23 October with listing on 28 October, but there is no official announcement yet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_expected_Jio_IPO_price_band\"><\/span><strong>What is the expected Jio IPO price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not announced in the Jio IPO details. Rs 37,700 crore divided by 27 crore shares implies about Rs 1,396, my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Jio_IPO_reservation\"><\/span><strong>What is the Jio IPO reservation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not more than 50% for institutions, at least 15% for non-institutional investors and at least 35% for retail, plus reservations for Reliance shareholders and employees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Jio_use_the_IPO_money\"><\/span><strong>How will Jio use the IPO money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About Rs 27,500 crore will prepay borrowings of Reliance Jio Infocomm, and the balance is for general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Jios_FY26_financials\"><\/span><strong>What are Jio&#8217;s FY26 financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue of Rs 1,46,885 crore, EBITDA of Rs 76,255 crore and profit of Rs 30,049 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Jio_IPO_GMP\"><\/span><strong>What is the Jio IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Quotes range from Rs 120 to Rs 160, with Rs 145 to Rs 147 on 5 October, and sit outside the Jio IPO details. It is unofficial and can mislead.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_apply_for_the_Jio_IPO\"><\/span><strong>Should I apply for the Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Wait for the price band and prospectus. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the Jio IPO details?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A fresh issue of up to 27 crore shares worth about Rs 37,000 to Rs 37,800 crore, or $3.8 billion, with no offer for sale, reportedly opening on 21 October.\"}},{\"@type\":\"Question\",\"name\":\"When does the Jio IPO open?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports say 21 October, closing on 23 October with listing on 28 October, but there is no official announcement yet.\"}},{\"@type\":\"Question\",\"name\":\"What is the expected Jio IPO price band?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not announced in the Jio IPO details. Rs 37,700 crore divided by 27 crore shares implies about Rs 1,396, my calculation.\"}},{\"@type\":\"Question\",\"name\":\"What is the Jio IPO reservation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not more than 50% for institutions, at least 15% for non-institutional investors and at least 35% for retail, plus reservations for Reliance shareholders and employees.\"}},{\"@type\":\"Question\",\"name\":\"How will Jio use the IPO money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About Rs 27,500 crore will prepay borrowings of Reliance Jio Infocomm, and the balance is for general corporate purposes.\"}},{\"@type\":\"Question\",\"name\":\"What are Jio's FY26 financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue of Rs 1,46,885 crore, EBITDA of Rs 76,255 crore and profit of Rs 30,049 crore.\"}},{\"@type\":\"Question\",\"name\":\"What is the Jio IPO GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Quotes range from Rs 120 to Rs 160, with Rs 145 to Rs 147 on 5 October, and sit outside the Jio IPO details. 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Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jio IPO details before bidding opens: Rs 37,000 crore issue, reported dates, expected price band, financials and how to apply.<\/p>\n","protected":false},"author":29,"featured_media":289485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[8565,8348,8625,8626,8347,613],"class_list":["post-289486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo-price-band","tag-jio-ipo-date","tag-jio-ipo-details","tag-jio-ipo-size","tag-jio-platforms-ipo","tag-reliance-jio"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["289485"],"rank_math_title":["Jio IPO Details: Rs 37,000 Crore Issue, Dates, Price Band, Risks"],"rank_math_description":["Jio IPO details before bidding opens: Rs 37,000 to Rs 37,800 crore fresh issue, 21 to 23 October dates, expected price band, financials, valuation and how to apply."],"rank_math_focus_keyword":["Jio IPO details"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jio-ipo-details-the-reliance-backed-rs-37-000-crore-issue-launch-date-expected.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=289486"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289486\/revisions"}],"predecessor-version":[{"id":289487,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/289486\/revisions\/289487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/289485"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=289486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=289486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=289486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}