The Jio Platforms IPO tests billionaire Mukesh Ambani’s digital ambitions after a turbulent year. Jio Platforms is home to India’s biggest wireless operator. The offer could be India’s largest-ever listing.
What Is the Jio Platforms IPO Size and Price Band?
Jio Platforms is looking to raise up to US$3.2 billion (RM13 billion). Shares are priced between 1,065 and 1,119 rupees.
- Issue size: up to US$3.2 billion (RM13 billion)
- Price band: 1,065 to 1,119 rupees per share
- Retail deadline: Friday
- Tentative listing: likely October 28 in Mumbai
The source does not name the market segment, the number of shares offered or the final offer price. Bursa’s ACE and Main Market categories do not apply to a Mumbai debut.
How Big Is Jio’s 533 Million Subscriber Base?
Launched a decade ago, Jio’s wireless service disrupted the market with steep discounts. It rapidly won customers from rivals Bharti Airtel and Vodafone.
Its 533 million subscribers provide a “strong foundation for future growth”, according to Motilal Oswal. The brokerage cautioned that monetisation of newer digital services still needs to be “demonstrated at scale”.
Jio makes most of its money from telecoms, although it has expanded into artificial intelligence.
Why Does Reliance Need Jio Beyond Oil?
Reliance Industries is India’s most valuable listed company. It still depends heavily on its traditional oil business to make money.
Experts say Jio is key to Reliance’s strategy to evolve beyond oil. It is also the touchstone of the group’s future tech ambitions.
Last year, White House adviser Peter Navarro accused Indian tycoons of profiting off the Ukraine war by buying discounted Russian crude. He did not name specific businessmen, but the remark was widely seen as a swipe at Ambani.
This year, Ambani supported construction of America’s first major new oil refinery in half a century. He is set to meet US Secretary of State Marco Rubio in Jamnagar, where Reliance’s massive refinery complex is located.
Will Jio’s AI and Satellite Plans Compete With Starlink?
Jio has expanded into artificial intelligence. Reports also say it is considering a low-orbit satellite constellation to provide internet from space.
That venture would compete with Elon Musk’s Starlink, which has tried for years to launch in India. Musk this month accused unnamed Indian “oligarchs” of preventing the rollout, and called Ambani “Prime Minister Ambani” and the “real boss of India”.
Reliance replied that it had never “feared competition”. It welcomed offerings from rivals in satellite communications, including Starlink.
What Are the Key Risks for Jio Platforms Shareholders?
- Monetisation: newer digital services must be proven at scale, Motilal Oswal noted.
- Market backdrop: Indian equities have performed weakly this year, despite expected gains at debut.
- Competition: Starlink’s entry plans and Musk’s public accusations.
- Oil dependence: Reliance still relies heavily on its oil business.
The source gives no revenue, profit, EPS or peer valuation figures for Jio. Those numbers are worth checking in the prospectus before forming any view.
How to Apply for IPOs Through M+ Global
This Jio offer is a Mumbai listing, so the source does not confirm whether Malaysian brokers accept it. For Bursa Malaysia IPOs, use the M+ Global app with Invitation Code UBZQ. The M+ Online app stopped working on 19 December 2025, so do not use it.
Online applications need a direct CDS account in your own name. Only one application per IPO is allowed, because multiple applications are an offence under the Capital Markets and Services Act 2007. For assistance, WhatsApp +60169059789. Read more in IPO Investing with M+ Global and Trading Account Types in Malaysia.
Key Takeaways on the Jio Platforms IPO
- Jio Platforms is seeking up to US$3.2 billion (RM13 billion) at 1,065 to 1,119 rupees a share.
- Retail investors have until Friday, with a likely Mumbai listing on October 28.
- The 533 million subscriber base is the core of the growth case, per Motilal Oswal.
- Monetisation of new digital services and Starlink competition are the main risks flagged.
Frequently Asked Questions
How much is the Jio Platforms IPO worth in ringgit?
Jio Platforms is looking to raise up to US$3.2 billion, which is RM13 billion. The offer could be India’s biggest-ever listing.
What is the Jio Platforms IPO price range?
Shares are priced between 1,065 and 1,119 rupees. Retail investors have until Friday to participate.
When will Jio Platforms shares start trading?
Most analysts expect the stock to debut in Mumbai, likely on October 28. The source does not confirm the final listing date.
Can Malaysians apply for the Jio Platforms IPO?
The source does not say whether Malaysian brokers accept this Mumbai offer. For Bursa IPOs, applications run through the M+ Global app with Invitation Code UBZQ.
This article is for information only and is not investment advice. Do your own research before making any decision, and consult a licensed adviser where needed.
Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Articles & Resources
📊 On AI Stock Terminal: Malaysia IPO calendar
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,200+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
