Jio IPO plans emerged as Reliance stock sat 0.87 percent above its low

Published on 10/09/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jio Platforms targets INR 11.0 trillion valuation for its IPO. Reliance stock stood at INR 1,170.30 on October 9, 2026, 0.65 percent below its prior close.

Key points in brief

Jio Platforms was reported to be seeking an INR 11.0 trillion IPO valuation, with subscription potentially starting October 21, 2026.
Reliance stock was trading at INR 1,170.30 on October 9, 2026, 0.65 percent below the NSE prior close of INR 1,178.00.
Reliance reported FY26 revenue of INR 11.8 trillion and net profit of INR 957.54 billion, up 17.8 percent year over year.
The stock stood 0.87 percent above its NSE 52-week low of INR 1,160.20 and had a market capitalization of INR 15.8 trillion.

Reliance, INE002A01018, Illustration mit AI erstellt.

Jio IPO plans emerged as Reliance stock sat 0.87 percent above its NSE 52-week low of INR 1,160.20 on October 9, 2026. On October 6, 2026, Business Standard reported that Jio Platforms was likely to seek an INR 11.0 trillion valuation, while the NSE quote showed Reliance at INR 1,170.30, down 0.65 percent from INR 1,178.00.

Three dated developments shape the story

On July 17, 2026, Reliance reported first-quarter FY27 gross revenue of INR 3.4 trillion, EBITDA of INR 540.67 billion and profit after tax of INR 231.96 billion, according to FintechBizNews.

On September 30, 2026, Reliance said its trading window would remain closed from October 1 until 48 hours after second-quarter FY27 results became generally available, as reported by DailyBriefer. On October 6, 2026, Business Standard placed the proposed Jio valuation at INR 11.0 trillion and said the offering could open during the week of October 19.

What could the Jio IPO change?

The proposed issue would be entirely a fresh share sale of up to 270 million shares, equal to 2.93 percent of post-issue equity, according to Moneycontrol. About INR 275.00 billion of proceeds would be used to repay or prepay borrowings at Reliance Jio Infocomm, with the remainder allocated to general corporate purposes.

That structure gives the listing a direct balance-sheet connection: Jio receives fresh capital while Reliance gains a separately visible market valuation for its digital-services asset. The final pricing and valuation remain subject to investor feedback and market conditions, so the IPO is a catalyst with a clearly stated financing purpose rather than a completed transaction.

Two dates define the next phase

Moneycontrol reported that the anchor book could open on October 19, 2026, with public subscription expected from October 21 through October 23, 2026. The same report placed a potential market debut on October 28, 2026, subject to market conditions.

Revenue growth meets a lower stock level

Reliance reported FY26 consolidated revenue of INR 11.8 trillion, up 9.8 percent year over year, while net profit reached INR 957.54 billion, up 17.8 percent, according to the company's Reliance investor-relations materials. The FY26 figures put the Jio listing in the context of a group whose reported profit expanded faster than revenue.

At INR 1,170.30 on NSE on October 9, 2026 at 3:15 p.m. IST, Reliance was 0.65 percent below the prior close of INR 1,178.00. Its NSE 52-week range was INR 1,160.20 to INR 1,611.80, and its market capitalization was INR 15.8 trillion as of October 9, 2026.