Part of Reliance group
Jio Platforms
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Reliance Industries is pushing most of its employees to subscribe to the Jio Platforms IPO, with up to 5 billion rupees reserved for staff at a 5% discount.Reported: Watch:
- Reported: Jio Platforms opens ₹30,213 crore IPO on Wednesday as Airtel raises postpaid tariffs by ₹50Reported: Watch:
- Reported: Akash Ambani led Jio Platforms' 15 October investor event after the RHP filing, with at least 50 one-on-one interactions with bankers and investors.Reported: Watch:
- Reported: Jio Platforms launches ₹30,188 crore IPO; Uday Kotak calls it a 'moment in history' and India's largest everReported: Watch:
Background
From 7 stories, the newest dated 16 Oct 2026. Summary written 16 Oct 2026.
Jio Platforms is the digital and telecom business of the Reliance group, whose Jio service entered telecom in 2016.[1] source: Mint[2] source: India Today
Show 3 more paragraphs and 7 sources
It had 533.3 million customers at the end of June, including 284.9 million 5G users.[3] source: Financial Express Prepaid accounted for 77% of its FY26 consolidated revenue from operations, and Reliance Retail is the sole distributor of Jio prepaid, according to its RHP.[4] source: Fortune India
Jio Platforms' IPO opens on 21 October and closes on 23 October, with a price band of 1,065 rupees to 1,119 rupees.[1] source: Mint Mint put the IPO size at $3.2 billion and reported shares worth up to 5 billion rupees reserved for eligible employees at a 5% discount.[1] source: Mint At the upper price band the implied market cap is Rs 10,30,490.55 crore, second among telecoms behind Bharti Airtel's Rs 11,63,697 crore.[5] source: Business Today Jio reported FY26 PAT of Rs 30,046 crore.[5] source: Business Today Akash Ambani said the IPO would clear almost $3 billion of net debt.[6] source: Indian Express
Indian Express names Akash Ambani as Managing Director, and he led the 15 October investor event.[6] source: Indian Express[7] source: Fortune India Jio Platforms had 50.30 crore active subscribers at the end of August against Bharti Airtel's 48.70 crore.[5] source: Business Today
Sources
Questions about Jio Platforms
Who leads Jio Platforms?
Akash Ambani is described by Indian Express as Managing Director of Jio Platforms, and he led its 15 October investor event after the RHP filing.[6] source: Indian Express[7] source: Fortune India
Who are Jio Platforms' main competitors?
Jio Platforms is compared with Bharti Airtel: Jio had 50.30 crore active subscribers in August against Airtel's 48.70 crore, and its implied IPO valuation of Rs 10,30,490.55 crore ranks second behind Airtel's Rs 11,63,697 crore.[5] source: Business Today
More stories about Jio Platforms
- Jio Platforms IPO: RHP filing expected today as grey market premium climbs to ₹219
- Musk vows affordable Starlink pricing in India days before Jio Platforms' record $106 billion IPO
Stories that mention Jio Platforms
3 stories
Jio Platforms is named in these stories but is not their subject.