Reliance Jio IPO
Reliance Jio IPO is a mainboard IPO raising ₹30,188 Cr at ₹1,065 – ₹1,119 a share. The smallest application you can make is 12 shares, costing ₹13,428 at the top of the band. Bidding has closed; the shares list on 28 Oct 2026. So far it has been subscribed 22× in total.
22.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs1119 + OFS by subtraction from exchange total Rs30188 Cr. Checked: exchange issue size Rs30188 Cr vs derived Rs30213 Cr (0.1% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 49% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Bharti Airtel Limited | 40.71× | 20.32% | ₹44.37 |
| Vodafone Idea Limited | 3.99× | — | ₹3.21 |
| This issue | 33.3× | 9.42% | ₹33.59 |
derived: cut-off price Rs1119 / stated EPS Rs33.59 (FY26 (year ended March 31, 2026) diluted EPS, from Restated Consolidated Financial Information). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.