Reliance Industries Shares Rise as Jio Platforms IPO Details Out

Reliance Industries shares rose 3% to ₹1,207 on October 15, 2026, after Jio Platforms announced a price band of ₹1,065 to ₹1,119 per share for its proposed IPO.

The ₹30,213 crore issue could become India's largest IPO, surpassing Hyundai Motor India's ₹27,870 crore offering in 2024.

Jio Platforms IPO: Key Details

Detail	Information
IPO price band	₹1,065–₹1,119
Fresh issue	27 crore shares
Issue size at upper band	₹30,213 crore
Estimated valuation	₹10.3 lakh crore
Retail investor allocation	35%
Reliance shareholder reservation	2.23 crore shares
Shareholder quota value	₹2,500 crore

The IPO consists entirely of a fresh issue, with no offer-for-sale component. The company will issue new shares to raise funds.

Jio IPO: Who Can Apply Under the Shareholder Quota?

Reliance Industries shareholders who purchased shares on or before October 13, 2026, qualify for the reserved shareholder category, according to the reported eligibility details. October 14 was the cut-off date.

Eligible shareholders can apply for up to ₹2 lakh under the shareholder category, subject to the applicable IPO rules. However, eligibility does not guarantee allotment.

Jio IPO Valuation: How Much Is Jio Platforms Worth?

At the upper price band, Jio Platforms is expected to have a valuation of around ₹10.3 lakh crore. This is more than double the valuation at which many major investors entered in 2020.

Jio Platforms operates across telecom, broadband, cloud, entertainment, enterprise technology and artificial intelligence-related services. Its listing could establish an independent market valuation for Reliance Industries' digital business.

Why Is the Jio IPO Important for Reliance Shareholders?

Reliance Industries owns approximately two-thirds of Jio Platforms. A separate listing could help investors assess the value of Reliance's digital and telecom operations independently.

The IPO also creates a direct investment opportunity in Jio Platforms for eligible investors, rather than requiring exposure through Reliance Industries shares.

What Should Investors Check Before Applying?

Investors should review the final offer documents, company valuation, business performance and IPO risks before applying. They should also check the official eligibility rules, application limits and allotment process.

The IPO's large size may attract attention, but listing gains are not guaranteed. The final outcome will depend on investor demand, valuation and market conditions.

What is the Jio Platforms IPO price band?

The announced price band is ₹1,065 to ₹1,119 per share.

What is the expected size of the Jio IPO?

The issue is valued at ₹30,213 crore at the upper price band.

Can Reliance Industries shareholders apply for the Jio IPO?

Eligible shareholders can apply through the reserved shareholder category, subject to the official rules and cut-off date.

Will the Jio IPO guarantee listing gains?

No. Listing performance depends on demand, valuation and market conditions. Investors may also incur losses.