Jio Platforms’ red‑herring prospectus fixes the issue at 27 crore shares, all newly issued, with no share sale by existing shareholders. The price band of ₹1,065–₹1,119 per share could raise as much as ₹30,000 crore, a figure that sits comfortably within the ₹25–₹35 crore range typical for telecom IPOs in India.
The filing spells out that proceeds will first go toward extinguishing borrowings of Reliance Jio Infocomm Ltd, helping trim RJIL’s debt load before allocating the rest to general corporate purposes. This debt‑paydown strategy signals a priority on balance‑sheet health ahead of the planned listing.
Q1 FY27 numbers show revenue rising 11.8% to ₹39,173 crore, EBITDA up 15.1% to ₹20,865 crore, and an EBITDA margin of 53.26%. Net profit climbed to ₹7,764 crore from ₹7,110 crore, while the subscriber base reached 533.3 million, adding 8.9 million new users and maintaining an ARPU of ₹215.6 per month.
The prospectus reserves up to ₹2,500 crore of shares for eligible Reliance Industries shareholders and up to ₹500 crore for employees, ensuring internal stakeholders can participate. Anchor investor bidding is scheduled for Monday, Oct 19, 2026, with the public offer opening on Oct 21 and closing on Oct 23.
Looking ahead, the IPO’s listing window is set for Oct 21, 2026. Analysts will weigh the valuation against the company’s robust earnings growth and debt‑reduction plan, while investors will monitor the final pricing relative to the band to gauge market appetite.