RJIL customer base
Dated observations · Million customers
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524.4Latest observation · FY2026
- RJIL customer base
FY2024FY2024FY2025FY2025FY2026FY2026
First observation481.8FY2024
Latest observation524.4FY2026
Observations3FY2024 – FY2026
Highest value524.4FY2026
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IPO recap
Offering not completed
Jio Platforms filed IPO documents on Jun 19, 2026. IPO date, ticker, and IPO offer price are not yet confirmed.
FiledJun 19
Pricing—
First trade—
Lockup ends—
The short version
Jio Platforms has a public Indian IPO draft and a regulatory observation letter. An October launch remains a reported plan, with final pricing unverified.
Key takeaway 1
A public draft and August observation letter are confirmed.
Key takeaway 2
The draft offers fresh shares rather than an existing-shareholder sale.
Key takeaway 3
October opening and trading dates remain reported plans.
Company in detail
Jio Platforms combines mobile and fixed broadband connectivity with digital and enterprise services. Reliance Industries is its promoter, and Reliance Jio Infocomm, or RJIL, operates the core telecom business. The investment case rests on a large subscriber base, expanding 5G usage and household broadband adoption, alongside the capital required to maintain the network.
The public draft prospectus appeared on 19 June 2026. It proposes up to 270 million new shares and a listing on BSE and NSE, with no sale of existing shareholders' shares in that draft. Proceeds are intended for repayment of RJIL borrowings and general corporate purposes. The ₹10 figure in the document is nominal face value; it does not establish an IPO offer price.
Reliance disclosed receipt of a regulatory observation letter on 28 August. That is a confirmed step in the offering process. Reporting on 5 October described a possible opening on 21 October and market debut on 28 October. A final issuer-confirmed bidding schedule and price were not verified in the material checked on 7 October.
The operating picture has also advanced beyond the March year-end snapshot. For the quarter ended 30 June 2026, Jio Platforms reported revenue of ₹391.73 billion and EBITDA of ₹208.65 billion. Connectivity subscribers reached 533 million and fixed-broadband subscribers 28.6 million. These are quarterly financial figures and dated subscriber counts. Investors still need the final offer terms to judge valuation, debt reduction and the ownership stake available to public shareholders.
Operating metrics
RJIL customers
524.4 millionMobile and fixed-line customers at fiscal year-end.
Mar 31, 2026Connectivity subscribers
533 millionAs of 30 June 2026; includes 285 million 5G users. A newer quarter-end snapshot than the March annual report.
Jun 30, 2026Fixed-broadband subscribers
28.6 millionAs of 30 June 2026; includes 14 million AirFiber subscribers.
Jun 30, 2026Q1 FY2027 revenue
₹391.73 billionQuarter ended 30 June 2026; ₹39,173 crore. Jio Platforms quarterly revenue, not annual revenue or Reliance group revenue.
Jun 30, 2026Q1 FY2027 EBITDA
₹208.65 billionQuarter ended 30 June 2026; ₹20,865 crore and 53.3% EBITDA margin. Not net profit.
Jun 30, 2026Company profile
- Legal name
- Jio Platforms Limited
- Headquarters
- Navi Mumbai, Maharashtra
- Founded
- —
- Promoter
- Reliance Industries Limited
- Corporate office
- Navi Mumbai
- Chairman
- Mukesh Ambani
- Managing director
- Akash Ambani
- CEO
- Pankaj Pawar
- Network subsidiary
- Reliance Jio Infocomm Limited (RJIL)
- Products
- Mobile and home broadband
- Employees
- No published figure
Timeline
- FY2026 closes
The draft reports the year-end operating base.
- DRHP published
SEBI publishes the offer draft.
- Regulatory observation letter received
Reliance disclosed that Jio Platforms received the observation letter on its draft prospectus; final price and offer dates were not established by that disclosure.
- October opening reported
Reporting described a possible 21 October opening and 28 October trading start. These dates remained unconfirmed final issuer terms on 7 October.
Connectivity subscribers
533millionAs of 30 June 2026; includes 285 million 5G users. A newer quarter-end snapshot than the March annual report.
Deal size
—Not confirmed
Valuation
—Not confirmed
Employees
—No published figure
Fixed-broadband subscribers
28.6millionAs of 30 June 2026; includes 14 million AirFiber subscribers.
Q1 FY2027 revenue
₹391.73 billionQuarter ended 30 June 2026; ₹39,173 crore. Jio Platforms quarterly revenue, not annual revenue or Reliance group revenue.
Revenue
Reported financial periods · INR
₹1.5TFY2026
FY2024FY2025FY2026
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Financial figures by period
| Period | Revenue | As of |
|---|---|---|
| FY2024 | ₹1,095,581,000,000.00 | Jun 19, 2026 |
| FY2025 | ₹1,282,184,000,000.00 | Jun 19, 2026 |
| FY2026 | ₹1,468,853,000,000.00 | Jun 19, 2026 |
Net income
Reported financial periods · INR
₹300.5BFY2026
FY2024FY2025FY2026
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Financial figures by period
| Period | Net income | As of |
|---|---|---|
| FY2024 | ₹214,232,000,000.00 | Jun 19, 2026 |
| FY2025 | ₹261,090,000,000.00 | Jun 19, 2026 |
| FY2026 | ₹300,491,000,000.00 | Jun 19, 2026 |
Operating cash flow
Reported financial periods · INR
₹775.6BFY2026
FY2024FY2025FY2026
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Financial figures by period
| Period | Operating cash flow | As of |
|---|---|---|
| FY2024 | ₹576,616,000,000.00 | Jun 19, 2026 |
| FY2025 | ₹681,557,000,000.00 | Jun 19, 2026 |
| FY2026 | ₹775,563,000,000.00 | Jun 19, 2026 |
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Jio Platforms | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
—
Use of proceeds—
Allocation percentages—
Net proceeds—
Details on the use of IPO proceeds are not available.
Key risks
Editorial analysisOffer valuation
Final pricing is needed to assess how much future growth is already reflected in the offer.
Network investment
5G and broadband growth require sustained capital spending and execution.
Process timing
Reported launch plans can change before final issuer documents and exchange the provider’s.
Deal terms
- Ticker
- Not confirmed
- Exchange
- BSE / NSE (proposed)
- IPO price
- Not confirmed
- Price range
- Not confirmed
- Pricing date
- Not confirmed
- First trading day
- Not confirmed
- Shares offered
- Not confirmed
- Deal size
- Not confirmed
- Underwriters
- Not confirmed
- Greenshoe shares
- Not confirmed
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Jio Platforms IPO: where and how to invest
Where can I invest in the Jio Platforms IPO?
The Jio Platforms IPO is currently marked as filed; public share trading is not yet confirmed in this profile. If IPO subscriptions become available, you need a broker offering that specific deal to investors in your country. Having an account does not guarantee an allocation. After a confirmed listing, you can look for a broker that supports the relevant exchange.
Can I buy Jio Platforms shares now?
Public trading in Jio Platforms shares is not yet confirmed here. An announced or priced offering does not automatically mean you can buy the stock on an exchange. An IPO subscription and a private share purchase each have separate access requirements.
When is the Jio Platforms IPO?
A confirmed first trading day for Jio Platforms has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the Jio Platforms IPO share price?
A confirmed IPO offer price for Jio Platforms has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is Jio Platforms's stock ticker and exchange?
A stock ticker for Jio Platforms has not yet been confirmed here. The exchange recorded here is BSE / NSE (proposed). A proposed symbol or exchange does not establish that trading has begun. Verify the final listing announcement before placing an order.
Can I buy Jio Platforms shares before the IPO?
Private transactions or funds may sometimes provide exposure to Jio Platforms if a specific offer exists and you meet its requirements. This profile does not confirm an available private offer. A fund interest may provide indirect exposure rather than direct ownership of company shares. Private investments can have resale restrictions, uncertain valuations and limited exit options; a future IPO is not guaranteed.
Where can I find the Jio Platforms IPO prospectus?
Check Jio Platforms's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Jio Platforms IPO
Is Jio Platforms already listed?
A completed listing was not verified as of 7 October 2026.
When is the IPO expected?
Reporting describes an opening on 21 October and trading on 28 October, but final issuer confirmation was not verified.
Is ₹10 the IPO price?
No. ₹10 is the share's nominal face value in the draft, not a confirmed offer price.
What will the proceeds fund?
The draft identifies repayment of RJIL borrowings and general corporate purposes.
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