Reliance Jio IPO: 'Salute Mukesh Ambani' - Ace investor Manish Chokhani on '500 mn customers, $100 bn valuation

Jio Platforms, the digital services arm of Reliance Industries, is set to open its IPO on October 21, 2026, aiming to raise about Rs 30,213 crore at the upper end of the price band of Rs 1,065 to Rs 1,119 per share, making it the largest IPO in Indian stock market history. The issue has reportedly attracted nearly Rs 2.5 lakh crore in commitments from global and domestic institutional investors, including BlackRock, Allianz, GIC, LIC and several leading mutual funds. The entirely fresh issuance of up to 27 crore equity shares values the company at over 100 billion dollars, with more than 500 million customers, and the IPO closes on October 23, 2026.