Key facts
- Jio Platforms' $3.2 billion IPO was fully subscribed within two hours on Wednesday, October 21, 2026.
- The IPO is India's largest share sale and the first from Reliance Industries in two decades.
- Institutional investors bid 3.25 times their reserved portion.
- The IPO values Jio Platforms at up to $108.3 billion.
- Trading is expected to start on October 28, 2026.
Jio Platforms, the telecom arm of Reliance Industries, commenced its initial public offering on October 21, 2026, marking India's largest-ever listing. The $3.2 billion IPO was fully subscribed within two hours, with institutional investors bidding 3.25 times their reserved portion. The offering, which aims to transform the company into a technology-focused entity, values Jio Platforms at up to $108.3 billion. Trading is expected to begin on October 28, 2026. The IPO is the first from Reliance Industries since 2006.