The Economic Times reported on October 9, 2026, that Jio Platforms’ likely IPO price band was ₹1,065–₹1,119 per share, with subscriptions expected to open October 21 and a possible listing on October 28. These are media-reported expectations, not final offer terms: the company’s June 19 draft prospectus leaves the price band and issue price to be determined through book building.
What is the reported Jio IPO price band?
The Economic Times reported a price band of ₹1,065–₹1,119 per share on October 9, 2026, citing ET Now’s account. The June 19, 2026 draft red herring prospectus (DRHP) does not confirm that range: it leaves the price band and issue price to be determined later through book building. Investors should therefore treat ₹1,065–₹1,119 as a reported likely band, not a finalized offer price. The Economic Times report and Jio Platforms’ June 19 DRHP describe the distinction.
When might the IPO open and list?
The October 9 report said public subscription was expected to begin on October 21, 2026, and that shares could list on October 28, 2026. Those are reported expectations, not a final timetable established by the draft. Check the final offer document and issuer or exchange disclosures for confirmed dates.
What does the draft prospectus establish?
The issuer is Jio Platforms Limited; “Reliance Jio IPO” is common headline shorthand. Its DRHP, dated June 19, 2026, proposes a fresh issue of up to 270 million (27 crore) equity shares, each with a face value of ₹10. The filing says the issue price will be set through book building, and Reliance Industries’ exchange filing states that the IPO is subject to required regulatory approvals. The DRHP is available through the Jio Platforms IPO investor-relations page; the Reliance Industries exchange filing sets out the approval condition.
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Why do reported issue-size estimates differ?
Offer-size figures currently reported are estimates, not settled proceeds. The October 9 Economic Times report estimated proceeds of ₹28,755 crore at the low end and ₹30,213 crore at the high end, using its reported price band and the proposed maximum of 27 crore shares. An October 7 ET Now video on The Economic Times gave a ₹37,700 crore issue estimate. These figures are from different reports and dates; the June DRHP does not establish final proceeds. October 9 report · October 7 video.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What does the draft say about major shareholders?
The June 19 DRHP identifies Reliance Industries as promoter and lists pre-issue ownership of 9.98% for Jaadhu Holdings, a Meta affiliate, and 7.73% for Google International LLC. These are the draft’s dated pre-issue figures; they should not be read as current post-issue ownership. See the DRHP.
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What investors should verify before applying
- Confirm the final price band, issue price and subscription timetable in the final offer document or issuer and exchange disclosures.
- Read the final offer document for the final share count, use of proceeds, financial disclosures and risk factors; the draft does not settle the final valuation or timetable.
- Do not treat media estimates of proceeds as final issue size. The reported figures above differ by publication date and remain estimates.
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