There may not be a flood of IPOs in the holiday-shortened week beginning October 19, but the primary market is set for an action-packed week. Only two initial public offerings (IPOs) are scheduled to open, both in the mainboard segment. However, the spotlight will remain on the much-awaited Jio Platforms IPO, the technology platform of billionaire Mukesh Ambani-led Reliance Industries.
The two mainboard IPOs are set to raise a combined Rs 31,637.6 crore, while no new IPOs are scheduled to open in the small and medium enterprise (SME) segment next week.
Among the two, Jio Platforms (JPL), the parent of telecom operator Reliance Jio Infocomm, will dominate the headlines. The company plans to raise Rs 30,187.6 crore through its maiden public offering, adjusted for the Rs 54-per-share discount offered to employees. The issue comprises an entirely fresh issuance of 27 crore equity shares, making it the largest IPO in India's equity market by issue size.
Before the Jio Platforms IPO, Hyundai Motor India's Rs 27,859-crore IPO, launched in 2024, was the country's largest public issue. It was followed by the National Stock Exchange's Rs 22,563-crore offer in 2026 and Life Insurance Corporation of India's Rs 20,557-crore IPO in 2022.
The Jio Platforms IPO's anchor book is scheduled to open for one day on October 19 and is expected to attract around Rs 8,000 crore.