Jio Platforms IPO: The wait is almost over; the opportunity to invest in the Jio IPO could open up from October 21..

The wait for the IPO of Jio Platforms, the digital arm of Reliance Industries, is nearing its end. The Jio issue could hit the market this month. According to a CNBC-TV18 report, the IPO is likely to launch between October 21 and October 23. Prior to this, the anchor book is expected to open on October 19. The shares are expected to be listed around October 28. However, these dates are subject to change based on market conditions and global factors.

A key feature of this IPO is the plan to ensure significant participation from retail investors. The company may utilize a substantial portion of the proceeds from the issue to reduce its debt. Consequently, for investors, the IPO launch date is not the only crucial factor; it will also be important to observe the price at which the shares are offered and the future impact of reduced debt on the company's business operations.

**IPO Could Begin on October 21**

According to reports, the Jio Platforms IPO could open on October 21 and remain available to investors until October 23. The anchor book is likely to open earlier, on October 19. If everything proceeds according to plan, the company could be listed on the stock exchange around October 28. However, these dates are not yet final; the company could make last-minute changes depending on stock market volatility, global market conditions, and investor demand.

**How ​​Will the Company Use the IPO Proceeds?**

The proposed Jio Platforms IPO may consist entirely of a fresh issue of shares. This means the proceeds from the IPO will go directly to the company, rather than existing shareholders raising funds by selling their stakes. A significant portion of the raised capital is expected to be used to repay or reduce Reliance Jio Infocomm's debt, which stands at approximately ₹27,500 crore. The remaining funds can be utilized for general corporate purposes. Reducing debt is crucial for the company; this could lower the interest burden in the future and free up more capital to expand the business.

What is the allocation for retail investors?

Jio Platforms is emphasizing increased participation from small investors in its IPO. Under the proposed structure, approximately 50% of the issue could be reserved for retail and HNI (High Net-worth Individual) investors, while the remaining 50% would be allocated to institutional investors. Within the retail category, a share of around 35% is proposed for investors applying for amounts up to ₹2 lakh. The remaining portion could be allocated to investors applying for amounts between ₹2 lakh and ₹10 lakh, as well as those applying for amounts exceeding ₹10 lakh. This would allow ordinary investors to participate in the Jio IPO. However, it will be crucial to examine the price band and the company's valuation before applying.

Focus shifting from telecom to technology.

Jio's story is no longer limited to just mobile networks. The company is expanding into sectors such as digital services, enterprise solutions, and artificial intelligence (AI). According to Jio Platforms, Reliance Jio Infocomm had approximately 524.4 million (52.44 crore) subscribers as of March 31, including around 268.5 million (26.85 crore) 5G subscribers. Jio's 5G network ranks among the largest standalone networks outside of China.

The company has also grown rapidly in the Fixed Wireless Access (FWA) segment, boasting around 15 million (1.5 crore) subscribers. According to Akash Ambani, MD of Jio Platforms, the company is developing technologies related to digital products, enterprise technology, and AI, alongside connectivity solutions in India.

Disclaimer: This content has been sourced and edited from News18 Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.