# Reliance Jio Prepares India's Largest IPO With Price Band Eyed Between 1,065 and 1,119 Rupees > Jio Platforms aims to raise over 30,000 crore rupees through its upcoming mega public issue, setting an expected price band of 1,065 to 1,119 rupees per share. **Type:** article · **Category:** Business · **Published:** 2026-10-09 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/business/reliance-jio-la-rahi-hai-desha-ka-sabase-bara-ipo-1-065-se-1-119-rupaye-taya-ho-sakata-hai-praisa-bainda-45514 · **Language:** English **Tags:** Reliance Jio, Jio Platforms, IPO, Stock Market, Reliance Industries, Price Band Market momentum is building rapidly around the public market debut of Reliance Jio, the country's leading telecom service provider. The company is actively preparing to launch its initial public offering later this month, with share prices expected to hover around the 1,100 rupees mark. Current projections suggest the issue may open for bidding on October 21, paving the way for the company's shares to begin trading on domestic bourses by the end of the month. Ahead of the market debut, the company's valuation has been pegged at upwards of 10 lakh crore rupees. ## Targeting Over 30,000 Crore Rupees in Fresh Capital Jio Platforms, the digital services powerhouse under Reliance Industries, is structuring this public offering to raise in excess of 30,000 crore rupees. To support this target, the proposed price band for the public issue has been framed between 1,065 rupees and 1,119 rupees per share. Broader financial estimates indicate the total capital raised could reach around 30.2 thousand crore rupees. Gathering funds on this scale would comfortably position this offering as the largest initial public issue ever presented on Indian exchanges. ## Issue Schedule and Key Subscription Milestones The operational roadmap for the upcoming market offering lays out a fast-tracked timeline for investors. Under the current schedule, the issue will open for general public bidding on October 21 and run through May 23. Ahead of the primary subscription window, institutional anchor investors will be able to take part starting October 19. If the schedule progresses as planned, the equity shares will list on stock exchanges on October 28, marking the official start of secondary market trading. ## Surpassing the Benchmark Set by Hyundai The record for India's biggest public issue has until now been held by automaker Hyundai, which launched its 27.80 thousand crore rupee public issue in October 2024. Jio's proposed issue of more than 30,000 crore rupees is set to eclipse that previous high-water mark. The company is getting ready to introduce 27 crore new shares to the public markets through this offering. While initial estimates valued the company at roughly 11 lakh crore rupees, recent projections place its current valuation at 10.30 lakh crore rupees, following an earlier 115 billion dollar assessment reported in June. To oversee an offering of this scale, a syndicate of 19 major financial institutions has been appointed, including Kotak Mahindra Capital, Morgan Stanley, Bank of America, Axis Capital, BNP Paribas, and Citigroup. ## What this means for you The arrival of Reliance Jio's landmark market offering is set to create extensive participation opportunities for retail and institutional investors. - **Across India:** Investors nationwide will gain direct access to acquire equity in the country's largest telecom and digital infrastructure provider. Those intending to participate should prepare their demat accounts and cash reserves in line with the 1,065 to 1,119 rupees price range. - **On Market Liquidity:** The sheer size of this 30,000 crore rupee offering will temporarily absorb substantial cash from the broader domestic primary market. Retail participants may rebalance existing portfolios and divert capital toward this major public issue. - **Anchor Investor Signals:** Institutional anchor bidding commencing on October 19 will offer an early indicator of institutional sentiment. Everyday market participants can evaluate these allotment numbers before bidding opens on October 21. - **Listing Gains and Strategy:** Significant secondary trading volumes are expected when the stock officially lists on October 28. Short-term market traders will need to track day-one liquidity carefully to execute profit-taking or long-term positioning. ## Why this happened Reliance Industries is unlocking value in its digital enterprise by seeking an independent market valuation and raising fresh expansion capital. - **Capital Formation Strategy:** Jio Platforms intends to raise over 30,000 crore rupees by issuing 27 crore fresh shares. This liquidity injection is designed to reinforce its digital assets and extensive telecommunications infrastructure. - **Record-Breaking Valuation Target:** After an initial assessment of 11 lakh crore rupees, the firm's valuation stands at an estimated 10.30 lakh crore rupees. This issue is explicitly structured to surpass the previous benchmark set by Hyundai's 27.80 thousand crore rupee offering in October 2024. - **Institutional Underwriting Syndicate:** To guarantee wide placement for an issue of this magnitude, the company enlisted 19 domestic and international investment banks. Key arrangers including Morgan Stanley, Citigroup, and Kotak Mahindra Capital are actively aligning institutional capital for the launch. ## Questions & Answers ### 1. What is the expected price band for the Reliance Jio IPO? The price band for the Jio Platforms public issue is expected to be fixed between 1,065 and 1,119 rupees per share. ### 2. How much capital does the company plan to raise through this issue? The company aims to raise over 30,000 crore rupees, with estimates pointing to approximately 30.2 thousand crore rupees. ### 3. When is the Jio IPO scheduled to open for public subscription? The public issue is projected to open for general bidding on October 21. ### 4. On what date are Jio shares expected to list on the stock exchanges? Trading in the company's shares is expected to begin following their market listing on October 28. ### 5. Which company previously held the record for India's largest IPO? Automaker Hyundai held the previous record after launching an issue worth 27.80 thousand crore rupees in October 2024. ### 6. What is the estimated valuation of Jio Platforms for this public issue? The company's valuation for the issue is currently estimated at around 10.30 lakh crore rupees, well above the 10 lakh crore threshold. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._