{"id":307422,"date":"2026-10-14T12:02:07","date_gmt":"2026-10-14T06:32:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=307422"},"modified":"2026-10-14T12:02:07","modified_gmt":"2026-10-14T06:32:07","slug":"reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/","title":{"rendered":"Reliance Jio IPO RHP Filing Likely Today: Check Expected Share Price Band, Size, Valuation"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Reliance Jio IPO: RHP filing reported as likely on 14 Oct 2026 (unconfirmed). Reported price band Rs 1,065 to Rs 1,119. Fresh issue of up to 27 crore shares, worth about Rs 28,755 crore to Rs 30,213 crore (my calculation). Valuation about Rs 10.3 lakh crore. Reported dates: anchor 19 Oct, opens 21 Oct, closes 23 Oct, listing 28 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;\">The Reliance Jio IPO is reported to be close to filing its red herring prospectus (RHP), and market reports say the filing may happen on 14 October 2026, but the company has not confirmed the date. The reported price band is Rs 1,065 to Rs 1,119 for a fresh issue of up to 27 crore shares, which works out to about Rs 28,755 crore to Rs 30,213 crore (my calculation) and a valuation near Rs 10.3 lakh crore at the upper band. The reported schedule is anchor bidding on 19 October, subscription on 21 to 23 October and listing on 28 October, but all of it is subject to the RHP. Until the RHP is filed, the price band, lot size and share quota details are reported figures and not final terms.<\/p>\n<\/p><\/div>\n<p>The Reliance Jio IPO is set to be India&#8217;s largest public issue if it goes ahead at the reported size, ahead of the Rs 27,859 crore Hyundai Motor India issue of 2024. Jio Platforms is a subsidiary of Reliance Industries and runs mobile and fixed connectivity through Reliance Jio Infocomm.<\/p>\n<p>This guide explains what the RHP is and why it matters, the reported price band and size, the valuation, the Jio financials, the RIL shareholder quota and the risks. Where I calculate a figure myself, I label it.<\/p>\n<p>Only the RHP will confirm the terms of the Reliance Jio IPO, so treat every number below as reported until it is filed.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Reliance_Jio_IPO_RHP_What_It_Is_and_Why_It_Matters\" title=\"Reliance Jio IPO RHP: What It Is and Why It Matters\">Reliance Jio IPO RHP: What It Is and Why It Matters<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Reliance_Jio_IPO_Price_Band_Size_and_Valuation\" title=\"Reliance Jio IPO Price Band, Size and Valuation\">Reliance Jio IPO Price Band, Size and Valuation<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Reliance_Jio_IPO_Financials_and_Business_Snapshot\" title=\"Reliance Jio IPO Financials and Business Snapshot\">Reliance Jio IPO Financials and Business Snapshot<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Reliance_Jio_IPO_Quotas_Use_of_Proceeds_and_Shareholding\" title=\"Reliance Jio IPO Quotas, Use of Proceeds and Shareholding\">Reliance Jio IPO Quotas, Use of Proceeds and Shareholding<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Reliance_Jio_IPO_Risks_to_Read_in_the_RHP\" title=\"Reliance Jio IPO Risks to Read in the RHP\">Reliance Jio IPO Risks to Read in the RHP<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#What_to_Watch_Next_for_the_Reliance_Jio_IPO\" title=\"What to Watch Next for the Reliance Jio IPO\">What to Watch Next for the Reliance Jio IPO<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#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-8\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#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-9\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Will_the_Reliance_Jio_IPO_RHP_be_filed_today\" title=\"Will the Reliance Jio IPO RHP be filed today?\">Will the Reliance Jio IPO RHP be filed today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#What_is_the_expected_Reliance_Jio_IPO_price_band\" title=\"What is the expected Reliance Jio IPO price band?\">What is the expected Reliance 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-11\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#How_big_is_the_Reliance_Jio_IPO\" title=\"How big is the Reliance Jio IPO?\">How big is the Reliance Jio IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#What_are_the_reported_Reliance_Jio_IPO_dates\" title=\"What are the reported Reliance Jio IPO dates?\">What are the reported Reliance Jio IPO dates?<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Is_there_an_offer_for_sale_in_the_Reliance_Jio_IPO\" title=\"Is there an offer for sale in the Reliance Jio IPO?\">Is there an offer for sale in the Reliance Jio IPO?<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#What_is_the_Reliance_Jio_IPO_valuation\" title=\"What is the Reliance Jio IPO valuation?\">What is the Reliance Jio IPO valuation?<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Is_there_a_quota_for_RIL_shareholders\" title=\"Is there a quota for RIL shareholders?\">Is there a quota for RIL shareholders?<\/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\/reliance-jio-initial-public-offering-red-herring-prospectus-filing-likely-today-expected-share-price-band-size-valuation\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_RHP_What_It_Is_and_Why_It_Matters\"><\/span><strong>Reliance Jio IPO RHP: What It Is and Why It Matters<\/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;\">Status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Draft red herring prospectus (DRHP)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Filed with SEBI on 19 June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SEBI observation letter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">28 August 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Red herring prospectus (RHP)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expected in the week from 12 October 2026; the headline says likely today; not confirmed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band and lot size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">To be announced in the RHP or in an advertisement before the issue opens<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anchor, opening and closing dates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported: 19, 21 and 23 October; not confirmed<\/td>\n<\/tr>\n<\/table>\n<p>The RHP is the document that carries the final offer terms of the book-building, including the price band, the issue dates, the lot size and the quota split. Until it is filed, the Reliance Jio IPO terms come from press reports and the draft prospectus.<\/p>\n<p>The RHP date also matters for one group of investors. A third-party summary of the draft says individuals and HUFs who hold RIL shares as public shareholders on the RHP filing date can bid in a shareholder category of up to Rs 2 lakh, so the filing date may set who is eligible.<\/p>\n<p><strong>Risk:<\/strong> A delay in the RHP would move every date in the Reliance Jio IPO schedule, and filing dates reported by media have changed before.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_Price_Band_Size_and_Valuation\"><\/span><strong>Reliance Jio IPO Price Band, Size 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;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/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;\">Price band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119 per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported on 9 October; sources differ on who first reported it; not official<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue type<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100% fresh issue, no offer for sale<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Proceeds go to the company<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to 27 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2.93% of post-issue equity<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size at the lower band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 28,755 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation: 27 crore times Rs 1,065<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size at the upper band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 30,213 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation: 27 crore times Rs 1,119<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation at the upper band<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 10.3 lakh crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 9.8 lakh crore at the lower band (my calculation)<\/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<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One source says Rs 1; I use Rs 10 from two others<\/td>\n<\/tr>\n<\/table>\n<p>At the upper band the Reliance Jio IPO would be about 8% larger than the Hyundai Motor India issue (my calculation: Rs 30,213 crore against Rs 27,859 crore). Earlier media estimates of about Rs 37,700 crore were higher, so the final size depends on the RHP.<\/p>\n<p>At the upper band the price is about 34 times FY26 earnings (my calculation: Rs 10.3 lakh crore divided by profit after tax of Rs 30,049 crore), and about 33 times at the lower band. Earlier press reports had valuations between about Rs 9 lakh crore and Rs 13 lakh crore, so the Reliance Jio IPO valuation has moved with each report.<\/p>\n<p><strong>Risk:<\/strong> A price band can change at the RHP stage, so do not plan a bid amount from the reported Reliance Jio IPO range.<\/p>\n<p style=\"margin-top:24px;\"><strong>Screen telecom and large-cap stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_Financials_and_Business_Snapshot\"><\/span><strong>Reliance Jio IPO Financials and Business Snapshot<\/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;\">FY24<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY25<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FY26<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,09,558.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,28,218.4<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,46,885.3<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">54,958.7<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">64,170.0<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">76,255.4<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50.16%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50.05%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">51.91%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21,423.2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26,109.0<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30,049.1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Diluted EPS (Rs)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23.93<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">29.17<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.59<\/td>\n<\/tr>\n<\/table>\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;\">Q1 FY27 item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">35,032<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">39,173<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18,135<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20,865<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 15.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7,110<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7,764<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 9.2%<\/td>\n<\/tr>\n<\/table>\n<p>Subscribers were 53.33 crore in June 2026, with about 28.5 crore on 5G and about 2.86 crore on fixed broadband. Monthly ARPU was Rs 215.6 in Q1 FY27, up from Rs 208.8, and prepaid plans were 77.08% of FY26 revenue.<\/p>\n<p>Profit grew slower than EBITDA in Q1 because depreciation and finance costs rose with 5G assets. Consolidated borrowings were Rs 70,781 crore in March 2026, down from Rs 73,060 crore a year earlier.<\/p>\n<p><strong>Data note:<\/strong> These figures come from a third-party summary of the draft prospectus, so check the RHP for the final restated numbers.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the Reliance Jio IPO and get alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_Quotas_Use_of_Proceeds_and_Shareholding\"><\/span><strong>Reliance Jio IPO Quotas, Use of Proceeds and Shareholding<\/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;\">QIB quota<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not more than 50% of the net offer<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Non-institutional quota<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 15%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Retail quota<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not less than 35%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Employee reservation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bids up to Rs 5 lakh; counted for subscription only up to Rs 2 lakh<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RIL shareholder category<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eligible RIL public shareholders, up to Rs 2 lakh per person; reserved size not specified in the draft<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt prepayment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up to Rs 27,500 crore for borrowings of Reliance Jio Infocomm<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">General corporate purposes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Balance, capped at 25% of gross proceeds<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pre-issue shareholding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RIL 66.43%, Meta affiliate Jaadhu Holdings 9.98%, Google International 7.73%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RIL stake after the issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 64.48% if the full 27 crore shares are issued (illustrative)<\/td>\n<\/tr>\n<\/table>\n<p>Because the Reliance Jio IPO is a fresh issue, the money goes to Jio and mostly to repaying debt, so existing investors such as Meta and Google are not selling in this issue. The lead managers include Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Axis Capital, Citigroup, Goldman Sachs and ICICI Securities, and the registrar is KFin Technologies.<\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Reliance Jio IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reliance_Jio_IPO_Risks_to_Read_in_the_RHP\"><\/span><strong>Reliance Jio IPO Risks to Read in the RHP<\/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;\">Risk<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Spectrum and licences<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio depends on telecom licences and spectrum under DoT and TRAI rules<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Prepaid concentration<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">77.08% of FY26 revenue came from prepaid services<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt and capital needs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Borrowings of Rs 70,781 crore and high network spending<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Competition<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bharti Airtel and Vodafone Idea create tariff pressure<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Related parties<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance Retail is the sole distributor of prepaid connectivity, and other group companies use the Jio trademark<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Litigation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 10,811 crore in quantifiable amounts in proceedings against subsidiaries; these are disputed amounts and not proven liabilities<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 34 times FY26 earnings at the upper band leaves less room for error<\/td>\n<\/tr>\n<\/table>\n<p><strong>Risk:<\/strong> Large issues can see weak listings if demand is thin, so read the RHP before you decide to bid in the Reliance Jio IPO.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Reliance_Jio_IPO\"><\/span><strong>What to Watch Next for the Reliance Jio IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Whether the RHP is filed and the official price band and lot size<\/li>\n<li>Anchor investor bidding, reported for 19 October, and the quality of anchor investors in the Reliance Jio IPO<\/li>\n<li>Subscription by category from 21 to 23 October, if the dates hold<\/li>\n<li>The size of the RIL shareholder reservation<\/li>\n<li>Allotment and the listing, reported for 28 October<\/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>The Reliance Jio IPO is near a decisive step with the RHP, and the reported terms point to a fresh issue of about Rs 29,000 crore to Rs 30,000 crore at a valuation near Rs 10 lakh crore. Wait for the RHP, compare the price with FY26 earnings of Rs 30,049 crore and decide your bid size with the risks in mind.<\/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=\"Will_the_Reliance_Jio_IPO_RHP_be_filed_today\"><\/span><strong>Will the Reliance Jio IPO RHP be filed today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports say the filing is likely on 14 October 2026, but the company has not confirmed the date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_expected_Reliance_Jio_IPO_price_band\"><\/span><strong>What is the expected Reliance Jio IPO price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports put it at Rs 1,065 to Rs 1,119 per share. It is not official until the RHP or the price band announcement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_big_is_the_Reliance_Jio_IPO\"><\/span><strong>How big is the Reliance Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is a fresh issue of up to 27 crore shares, about Rs 28,755 crore to Rs 30,213 crore at the reported band by my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_reported_Reliance_Jio_IPO_dates\"><\/span><strong>What are the reported Reliance Jio IPO dates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Anchor bidding on 19 October, subscription on 21 to 23 October and listing on 28 October, all subject to the RHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_an_offer_for_sale_in_the_Reliance_Jio_IPO\"><\/span><strong>Is there an offer for sale in the Reliance Jio IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The Reliance Jio IPO is reported as a 100% fresh issue, so existing shareholders are not selling.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Reliance_Jio_IPO_valuation\"><\/span><strong>What is the Reliance Jio IPO valuation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About Rs 10.3 lakh crore at the upper band, or about 34 times FY26 profit by my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_a_quota_for_RIL_shareholders\"><\/span><strong>Is there a quota for RIL shareholders?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A third-party summary of the draft says eligible public holders of RIL shares on the RHP filing date can bid up to Rs 2 lakh. Check the RHP for the reserved size.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Will the Reliance Jio IPO RHP be filed today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports say the filing is likely on 14 October 2026, but the company has not confirmed the date.\"}},{\"@type\":\"Question\",\"name\":\"What is the expected Reliance Jio IPO price band?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports put it at Rs 1,065 to Rs 1,119 per share. It is not official until the RHP or the price band announcement.\"}},{\"@type\":\"Question\",\"name\":\"How big is the Reliance Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is a fresh issue of up to 27 crore shares, about Rs 28,755 crore to Rs 30,213 crore at the reported band by my calculation.\"}},{\"@type\":\"Question\",\"name\":\"What are the reported Reliance Jio IPO dates?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Anchor bidding on 19 October, subscription on 21 to 23 October and listing on 28 October, all subject to the RHP.\"}},{\"@type\":\"Question\",\"name\":\"Is there an offer for sale in the Reliance Jio IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The Reliance Jio IPO is reported as a 100% fresh issue, so existing shareholders are not selling.\"}},{\"@type\":\"Question\",\"name\":\"What is the Reliance Jio IPO valuation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About Rs 10.3 lakh crore at the upper band, or about 34 times FY26 profit by my calculation.\"}},{\"@type\":\"Question\",\"name\":\"Is there a quota for RIL shareholders?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A third-party summary of the draft says eligible public holders of RIL shares on the RHP filing date can bid up to Rs 2 lakh. Check the RHP for the reserved size.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Jio IPO RHP filing is reported as likely today. See the expected price band, issue size, valuation, dates, RIL shareholder quota and risks.<\/p>\n","protected":false},"author":28,"featured_media":307421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[8347,5351,4700,12011],"class_list":["post-307422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jio-platforms-ipo","tag-mainboard-ipo","tag-reliance-jio-ipo","tag-rhp"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["307421"],"rank_math_title":["Reliance Jio IPO RHP Filing: Price Band, Size, Valuation"],"rank_math_description":["Reliance Jio IPO RHP filing is reported as likely today. See expected price band of Rs 1,065 to Rs 1,119, issue size, valuation, dates, RIL quota and risks."],"rank_math_focus_keyword":["Reliance Jio IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_edit_lock":["1791959587:28"],"_last_editor_used_jetpack":["block-editor"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/reliance-jio-ipo-rhp-filing-likely-today-check-expected-share-price-band-size.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307422","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\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=307422"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307422\/revisions"}],"predecessor-version":[{"id":307423,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307422\/revisions\/307423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/307421"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=307422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=307422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=307422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}