Jio IPO brings customer and 5G scale into focus
Jio Platforms’ proposed listing highlighted Reliance Jio Infocomm’s 524.4 million customers and 268.5 million 5G users as of March 2026. Reliance Industries closed at ₹1,211 on 16 Oct, while derivatives showed short build-up and max pain at ₹1,210.
after close1 source ↓machine-written, see hownot a recommendation
- RELIANCE close
- ₹1,211
- On the day
- -0.31%
- Futures OI, short build-up
- +1.9%
- Put-call ratio
- 0.61
- Max pain
- ₹1,210
Jio Platforms’ proposed stock-market listing is bringing the scale of its telecom operations into sharper focus, with Reliance Jio Infocomm reporting 524.4 million customers as of 31 Mar 2026. Of that base, 268.5 million users were on the company’s 5G network by March, according to figures cited from the offer document and industry reports. 📈
The proposed listing would allow investors to track the telecom business separately from Reliance Industries’ consolidated quarterly results for the first time. That separation matters for the Telecom and Technology sectors because customer scale, 5G adoption and network engagement would become more visible in the company’s own disclosures rather than being embedded within the parent’s wider energy, retail and digital businesses.
524.4 million customers and 268.5 million 5G users provide an operating baseline ahead of any formal listing timetable, offer structure or valuation disclosure. The article also said the draft prospectus relied on external research from Analysys Mason, which highlighted Jio’s pan-India reach and large customer base. The figures describe the business scale, but do not establish the final IPO demand, pricing or issue date.
OI Charts data for 16 Oct 2026 showed Reliance Industries closing at ₹1,211, down 0.3% on the day, with volume of 17,225,283 shares. The stock was up 3.5% over five sessions but down 2.6% over 20 sessions, within a 52-week range of ₹1,152 to ₹1,612. Futures open interest rose 1.9%, indicating short build-up, while futures traded at a 0.05% discount to the underlying.
In the 27 Oct 2026 expiry, the put-call ratio was 0.61 and max pain was ₹1,210. The largest call open interest was at ₹1,250 and the largest put open interest at ₹1,160, defining the near-term derivatives levels traders are monitoring.
The next focus is the final offer document, regulatory clearance, issue size, valuation, listing timetable and the extent of financial and operating disclosures made by the telecom business. This development follows earlier reporting on efforts to encourage employee participation in the proposed IPO.
Source: The Times of India, 18 Oct 2026
Not investment advice. For informational purposes only.