New Delhi, Oct. 5 -- The initial public offering of Jio Platforms, which is expected to be the country's biggest issue, is likely to open for subscription on October 21, sources aware of the development said.
Shares of the digital services major are likely to be listed on the stock exchanges on October 28, sources added.
The company is likely to get listed by the end of this month at an enterprise valuation of $143-146 billion or above Rs 12 lakh crore.
"The issue will open for subscription from October 21 to October 23 after completion of the anchor round on October 19. The shares are expected to get listed on October 28 for public trading," one of the sources tracking the development said.
An email query sent to Jio Platforms Ltd (JPL) did not elicit any reply.
Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion.
The company has concluded overseas roadshows and is expected to file final papers with market regulator Sebi for the IPO in the week starting October 12.
The Securities and Exchange Board of India (Sebi) issued its final observations on August 28. Jio Platforms had filed its draft IPO papers in June.
According to its draft prospectus, the company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base. Sources have indicated that the company may raise around $3.8 billion from the public offer.
The IPO comes as India's primary market has seen heightened action, with strong participation from retail investors and domestic institutions.
More than two dozen IPOs have been announced or launched since July 1, nearly matching the 28 recorded in the first half of 2026.
Published by HT Digital Content Services with permission from Millennium Post.