Under the BSE filing, Jio Platforms set an IPO price band of ₹1,065 to ₹1,119 per equity share, targeting a gross raise of ₹30,213 crore.
The size of the issue would eclipse Hyundai Motor India's ₹27,870‑crore raise in 2024, making it the largest Indian IPO by issue size to date.
Akash Ambani outlined growth ambitions, forecasting an addition of 340 million mobility users and a jump in home broadband customers from 30 million to 100 million over five years.
Subscription opens on October 21 and closes October 23, 2026, with early indications of high investor appetite from institutional bidders.
Analysts project the issue may open near the upper band, potentially propelling Jio’s market cap beyond ₹9 lakh crore, subject to demand dynamics.