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Jio Platforms may list by end-October at $143-146 billion valuation in $3.8 billion IPO
Jio Platforms could list before the end of October at a $143-146 billion enterprise valuation, with an estimated $3.8 billion issue of up to 27 crore fresh shares, sources told PTI. Final IPO documents could be filed in the week beginning October 12.
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The numbers
Figures from Times Now Business,
| Fresh issue share of post-issue equity: | 2.9 per cent |
|---|---|
| FY26 revenue: | Rs 1,46,885 crore |
| FY26 profit after tax: | Rs 30,053 crore |
| Mobile connection market share: | 39.29 per cent |
| 5G customers as of June 2026: | 26.85 crore |
Why it matters to operators and investors
Treat this as an unconfirmed signal for now, but a Jio with fresh listed-market capital and a $143-146 billion valuation could push harder in digital distribution, so check your partnership and channel exposure before the final documents are expected the week of October 12.
What to watch next
- Final documents filed the week of October 12
- Official confirmation of issue size, price band and the 27 crore fresh-share count
- Subscription levels and anchor-book demand at the $3.8 billion size
- Listing-day move against the issue price
- Any statement moving the listing beyond October
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Jio Platforms is likely to file final offer documents around the week of October 12 if the reported schedule holds, and to confirm size and timing officially only at that point.
- Large institutional investors are likely to anchor the book, and the company is expected to lean on its FY26 profit after tax of Rs 30,053 crore in its pitch.
- Listed telecom and digital rivals may be benchmarked against the $143-146 billion valuation, and their share prices could move around the filing and pricing dates.
- The market regulator is likely to complete its review in time for the filing, since a clean sign-off underpins the end-October window.
- Jio Platforms may adjust the fresh-share count or the pricing if early investor feedback pushes back on the valuation.