- POSITIVE
Annual Revenue Jio Platforms Mar-2026 Annual Revenue is Rs 16,315 Cr which is growth of 37.0% YoY.
- POSITIVE
Annual Net Profit Jio Platforms Mar-2026 Annual Net Profit is Rs 1,281 Cr which is growth of 35.4% YoY.
Jio Platforms Ltd. IPO Details
Jio Platforms was incorporated on November 15, 2019. The company is a technology platform that provides digital connectivity and digital services through a proprietary nationwide network. With a large customer base and an integrated ecosystem spanning mobile, broadband, and digital solutions, it serves as a key gateway for internet access, digital services, and emerging technologies in India
| Bidding Dates |
|---|
| 21 Oct 2026 - 23 Oct 2026 |
| Subscription |
|---|
| 22.19x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹12,780 | 1 | 14 | 12 | 270.0 M | ₹1065 - ₹1119 | 64.48 % | ₹287,550.0 M - ₹302,130.0 M | RHP DOC |
Jio Platforms IPO SUBSCRIPTION STATUS
23 Oct '26Total22.19x
Retail Individual Investor2.72x
HNI (NII) Investors14x
Qualified Institutional Buyers70.55x
Employees2.93x
Shareholder Category7.6x
Jio Platforms IPO overall subscription rate was 22.19 times the total available shares
Jio Platforms IPO retail subscription rate was 2.72 times in the retail segment
Jio Platforms IPO non-institutional investor subscription rate was 14 times in the non-institutional investor category
Jio Platforms IPO Qualified Institutional Bidder subscription rate was 70.55 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees | Shareholder Category |
|---|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - | - |
23 Oct 2026 (Day 3) | 2.72x | 14x | 70.55x | 2.93x | 7.6x |
22 Oct 2026 (Day 2) | 1.53x | 5.9x | 13.29x | 2.09x | 4.01x |
21 Oct 2026 (Day 1) | 0.71x | 1.62x | 9.04x | 1.33x | 1.41x |
Jio Platforms FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 39,172.9 | 7,764.1 | 23,445.9 | 19,262.1 | 53.3% |
| Q1FY26 | 35,032.3 | 7,110.1 | 20,906.5 | 8,858.4 | 51.8% |
| FY26 | 146,885.3 | 30,049.1 | 77,556.3 | 43,372.0 | 51.9% |
| FY25 | 128,218.4 | 26,109.0 | 68,155.7 | 23,887.7 | 50.1% |
| FY24 | 109,558.1 | 21,423.2 | 68,155.7 | 14,646.1 | 50.2% |
Jio Platforms IPO SUBSCRIPTION STATUS DETAILS
Jio Platforms has 270.0 M shares on offer
Jio Platforms IPO offer price is in the range ₹1065 - ₹1119
Jio Platforms IPO minimum Investment is ₹12780
Jio Platforms IPO issue size is ₹ 287,550.0 M - ₹ 302,130.0 M
Jio Platforms has a minimum lot size of 12 Shares per application
Jio Platforms NUMBER OF SHARES ON OFFER
Total270.0 M
Fresh Issue270.0 M
Offer for Sale0
Post Issue Promoter Holding %64.48 %
Jio Platforms IPO IMPORTANT DATES
| Issue Open Date | 21 Oct 2026 |
| Issue close Date | 23 Oct 2026 |
| Allotment Date | 26 Oct 2026 |
| Refund Date | 27 Oct 2026 |
| Demat Account Credit Date | 27 Oct 2026 |
| Listing Date | 28 Oct 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Jio Platforms Allotment Status | Exchange/ Registrar |
Jio Platforms IPO subscription opens on 21 Oct 2026, and closes on 23 Oct 2026
IPO allotment for Jio Platforms is expected to be finalized on Monday, 26 Oct 2026
IPO listing for Jio Platforms will be on NSE and BSE on Wednesday, 28 Oct 2026
Jio Platforms Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jio Platforms Ltd. | 1119 | 1030490.5 | 34.3 | 2.3 | 6.9 | 8.9 | 4.9 | 149759.1 | 15.8 | 30064.3 | 15.1 | 32.6 | 15.1 |
| Bharti Airtel Ltd. | 1892.1 | 1152962.5 | 39.9 | -2.2 | 5.2 | 16.3 | 4.8 | 213790.1 | 22.5 | 26695.2 | -20.4 | 47.5 | -18.2 |
| Vodafone Idea Ltd. | 11.4 | 123077.7 | 3.3 | 0 | 2.7 | -96.6 | 18 | 45414 | 1.8 | 34552 | 226.2 | 3.5 | 235.7 |
| Tata Teleservices (Maharashtra) Ltd. | 37.7 | 7366.2 | 24.6 | 0.2 | 6.1 | 0 | -16 | 1174.9 | -10.9 | -215.3 | 83.1 | 1.5 | 123.6 |
| RailTel Corporation of India Ltd. | 229 | 7349.5 | 21.2 | 2.3 | 1.7 | 15.3 | 5.9 | 4327.6 | 21.9 | 346.3 | 15.5 | 10.8 | 9.1 |
| Mahanagar Telephone Nigam Ltd. | 22.8 | 1433.9 | -0.5 | 0 | 1.5 | 0 | -30.8 | 1541.1 | 11.8 | -3107.2 | 6.6 | -47.7 | 14 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Jio Platforms annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
41.8% | 16,315 | 11,912 | 7,666 | 5,725 | ||
Operating Exp. Ann. | 43.7% | 13,732 | 9,981 | 6,203 | 4,623 | |
Operating Profit Ann. | 38.6% | 2,435 | 1,887 | 1,368 | 915 | |
OPM Ann. % | -2.3% | 14.92% | 15.84% | 17.85% | 15.98% | |
44.6% | 14,595 | 10,642 | 6,629 | 4,823 | ||
EBITDA Ann. | 32.8% | 2,583 | 1,931 | 1,463 | 1,102 | |
EBITDA Ann. margin % | -6.3% | 15.83% | 16.21% | 19.08% | 19.25% | |
Interest Ann. | - | |||||
Depr. | 62.8% | 863 | 661 | 426 | 200 | |
PBT Ann. | 24% | 1,720 | 1,270 | 1,037 | 902 | |
Tax Ann. | 24.2% | 439 | 324 | 265 | 229 | |
23.9% | 1,281 | 946 | 772 | 673 | ||
Net Profit Ann. | 23.9% | 1,281 | 946 | 772 | 673 | |
NPM Ann. % | -13.3% | 7.92% | 7.97% | 10.19% | 12.15% | |
EPS Adj. latest Ann. | 26% | 1.4 | 1 | 0.8 | 0.7 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
37%
2Y CAGR
45.9%
3Y CAGR
41.8%
Net Profit Ann.
1Y CHG
35.4%
2Y CAGR
28.8%
3Y CAGR
23.9%
Operating Exp. Ann.
1Y CHG
37.6%
2Y CAGR
48.8%
3Y CAGR
43.7%
Jio Platforms INFORMATION ON IPO ISSUE
About Jio Platforms
Jio Platforms was incorporated on November 15, 2019. The company is a technology platform that provides digital connectivity and digital services through a proprietary nationwide network. With a large customer base and an integrated ecosystem spanning mobile, broadband, and digital solutions, it serves as a key gateway for internet access, digital services, and emerging technologies in India
Object of the Issue
- Prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, namely, RJIL
- General corporate purposes
Jio Platforms - PROMOTERS
| Name |
|---|
| Reliance Industries Limited |
Jio Platforms - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mukesh Dhirubhai Ambani | Chairman & Non-Executive Director |
| Manoj Harjivandas Modi | Non-Executive Director |
| Akash Mukesh Ambani | Managing Director |
| Isha Mukesh Ambani | Non-Executive Director |
| Anant Mukesh Ambani | Non-Executive Director |
| Raminder Singh Gujral | Independent Director |
| Shumeet Banerji | Independent Director |
| Haigreve Khaitan | Independent Director |
| Dinesh Hasmukhrai Kanabar | Independent Director |
| Zia Jaydev Mody | Independent Director |
Jio Platforms Book Running Lead Manager
Kotak Mahindra Capital Company Limited
jio.ipo@kotak.com
Morgan Stanley India Company Private Limited
jpl_ipo@morganstanley.com
BofA Securities India Limited
dg.jpl_ipo@bofa.com
Axis Capital Limited
jio.ipo@axiscap.in
BNP Paribas
LIST.CIB.JioIPO@asia.bnpparibas.com
Citigroup Global Markets India Private Limited
jio.ipo@citi.com
CLSA India Private Limited
jio.ipo@clsa.com
DAM Capital Advisors Limited
jio.ipo@damcapital.in
Goldman Sachs (India) Securities Private Limited
jioipo@gs.com
HDFC Bank Limited
jioplatforms.ipo@hdfc.bank.in
HSBC Securities and Capital Markets (India) Private Limited
jplipo@hsbc.co.in
ICICI Securities Limited
jioplatforms.ipo@icicisecurities.com
IIFL Capital Services Limited
jio.ipo@iiflcap.com
Jefferies India Private Limited
Jio.Platforms.IPO@jefferies.com
JM Financial Limited
jpl.ipo@jmfl.com
J.P. Morgan India Private Limited
JIO_IPO@jpmorgan.com
SBI Capital Markets Limited
jio.ipo@sbicaps.com
UBS Securities India Private Limited
OL-jioipo@ubs.com
360 ONE WAM Limited
jioplatforms.ipo@360.one
Jio Platforms Registrar to the Offer
KFin Technologies Limited
jioplatforms.ipo@kfintech.com
Jio Platforms Strengths
The nation scale, digital gateway to India
The company leverages its extensive digital connectivity network, large customer base, and integrated ecosystem to deliver proprietary and third-party digital services across India. Its platform-driven model enhances customer engagement, supports cross-selling opportunities, and enables strategic partnerships with global and domestic technology providers to offer innovative digital solutions
Strength
Extensive network infrastructure
The company operates one of India’s largest and most advanced digital connectivity networks, supported by extensive spectrum holdings, a nationwide tower and fibre infrastructure, and future-ready 4G and 5G technologies. Its scalable, high-capacity network provides broad population coverage, low-latency connectivity, and cost-efficient data delivery, enabling a wide range of digital and emerging technology applications
Strength
Engineering capabilities
The company has developed a vertically integrated technology ecosystem spanning network infrastructure, devices, software, operating systems, and digital applications. Supported by a large in-house technology workforce and a strong intellectual property portfolio, it continues to invest in advanced technologies such as 6G, AI, and cloud-native platforms, creating opportunities for innovation, operational efficiency, and future revenue growth
Strength
Jio Platforms Risks
Cybersecurity risks
The company’s operations rely heavily on secure technology systems, networks, and data infrastructure, making it vulnerable to cybersecurity threats, data breaches, and privacy incidents. Any successful cyberattack, system compromise, or unauthorized access could disrupt operations, damage its reputation, increase costs, and adversely affect its business and financial performance
Risk
Regulatory risks
The company operates in a highly regulated telecommunications industry and is subject to extensive oversight by regulatory authorities regarding licensing, spectrum usage, network operations, and customer protection. Any failure to comply with applicable laws, regulations, licence conditions, or evolving regulatory requirements could result in penalties, financial disincentives, licence-related actions, increased compliance costs, and adverse effects on its business and financial performance
Risk
Expansion risks
The company’s growth strategy includes expanding into new business lines, launching new digital services, enhancing existing offerings, and pursuing opportunities in domestic and international markets. These initiatives require significant investments and may involve uncertainties relating to customer adoption, market acceptance, pricing, execution, and competitive dynamics. Any inability to successfully develop, commercialize, or scale such offerings could adversely affect its business, financial condition, results of operations, and growth prospects
Risk
IPO FAQs
The promoter of the company is Reliance Industries Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 1065.0 - 1119.0.
The IPO application opens on Oct 21, 2026 and closes on Oct 23, 2026.
The minimum lot size for the IPO is 12. The maximum lot size for the IPO is 168.
For all category investors, the minimum application amount for this IPO is Rs. 12,780.0, the maximum value for this IPO is Rs 187,992.0.
This IPO will be allotted on Oct 26, 2026.
The refund will be credited to your account on Oct 27, 2026.
The allotted shares will be credited to your demat on Oct 27, 2026.
Jio Platforms Ltd.’s shares will list on the stock exchanges on Oct 28, 2026.