The Jio Platforms IPO opens on 21 October 2026 with a price band of ₹1,065–1,119 and an issue size of up to ₹30,213 crore, which would make it India's largest IPO, ahead of Hyundai India's ₹27,870 crore. Zia Mody of AZB & Partners and Haigreve Khaitan of Khaitan & Co sit on the Jio Platforms board as independent directors. Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas and Latham & Watkins advise the company, Khaitan & Co and White & Case advise the bankers, and Rajagopal Venkatakrishnan joined as General Counsel on 1 June 2026.
| Who is affected | Investors following the Jio IPO, law students and young lawyers, and founders planning to raise funds or list their own company one day. |
|---|---|
| What to do | Founders: put the legal foundations an IPO needs in place early, including a private limited company, trademarks owned by the company, IP assignments and clean ROC compliance. Investors: read the red herring prospectus before bidding; this is not investment advice. |
| Source | Jio Platforms offer documents; Bar & Bench; Outlook Money |
Jio Platforms opens its IPO on 21 October 2026, and at up to ₹30,213 crore it is set to be the largest public issue in Indian history, ahead of Hyundai Motor India's ₹27,870 crore issue in October 2024. Behind the numbers is one of the biggest legal line-ups ever assembled for an Indian listing: two law firm leaders on the board, five law firms on the deal and a newly appointed General Counsel inside the company.
Jio IPO at a glance
| Detail | Jio Platforms IPO |
|---|---|
| Anchor bidding | Monday, 19 October 2026 |
| Bidding opens and closes | 21 to 23 October 2026 |
| Price band | ₹1,065 to ₹1,119 per share |
| Issue size | Up to ₹30,213 crore, entirely a fresh issue (no offer for sale) |
| Implied valuation | About ₹10.3 lakh crore at the upper end |
| Minimum bid | 12 shares (₹13,428 at the upper end) |
| Employee discount | ₹54 per share |
| Basis of allotment | 26 October 2026 |
| Expected listing | 29 October 2026, on BSE and NSE |
Two law firm leaders on Jio's board
According to the offer documents, two of India's best-known corporate lawyers sit on the Jio Platforms board as independent directors:
- Zia Mody, co-founder and managing partner of AZB & Partners. AZB topped Venture Intelligence's 2025 league table for legal advisors to private equity deals, advising on $9.93 billion across 50 deals.
- Haigreve Khaitan, managing partner of Khaitan & Co. Khaitan & Co topped the 2025 league table for legal advisors to M&A deals, with $32.9 billion across 84 deals.
Independent directors are required by the Companies Act, 2013 and SEBI's listing rules to bring an outside, unconflicted view to the board. Having the heads of the country's two leading deal firms in that role says a lot about how much legal judgement a company of Jio's size needs at the top.
The lawyers on the Jio IPO deal
| Firm | Role on the IPO | Partners named |
|---|---|---|
| Shardul Amarchand Mangaldas & Co | Lead Indian legal counsel to Jio Platforms | Nikhil Naredi (lead), Prashant Gupta |
| Cyril Amarchand Mangaldas | Indian legal counsel to Jio Platforms | Devaki Mankad (lead), L Viswanathan, Yash J Ashar, Manan Lahoty |
| Latham & Watkins | International counsel to Jio Platforms | Not named in reports |
| Khaitan & Co | Indian counsel to the book running lead managers | Sudhir Bassi, Aditya George Cheriyan, Priya Awasthi |
| White & Case | International counsel to the book running lead managers (Rule 144A / Regulation S) | Rahul Guptan, Kaya Proudian |
Inside the company, Rajagopal Venkatakrishnan was appointed General Counsel of Jio Platforms on 1 June 2026, before the draft offer document was filed.
Five firms on the deal, two law firm leaders on the board and a General Counsel in-house: India's biggest IPO is wrapped in lawyers at every layer.
What it means for law students and young lawyers
For decades, the top of a corporate law career was becoming managing partner. Zia Mody and Haigreve Khaitan show the ladder now goes higher, into the boardrooms of India's most valuable companies, as the independent voices the law itself requires. The corner office is no longer the ceiling.
What it means for founders: an IPO starts with paperwork
No company reaches an IPO without its legal foundations in place years earlier. Investors, bankers and their lawyers will check every one of these during due diligence:
- The right company structure. IPOs need a company, not a proprietorship or partnership. Start with a private limited company.
- Brand ownership in the company's name. Your name and logo should be registered trademarks owned by the company, not a founder. See trademark registration. Jio itself relies on its registered marks to shut down fake websites.
- Technology you own. Patents and IP assignments from founders and employees show investors the company owns what it sells. See patent filing.
- Clean annual compliance. Missed ROC filings show up in due diligence. Keep annual ROC filings up to date from year one.
- Startup recognition. DPIIT recognition brings tax benefits and lower patent and trademark fees while you grow.
Sources
- Bar & Bench: Shardul Amarchand, Cyril Amarchand, Latham, White & Case act on Jio Platforms' potential record IPO (20 June 2026)
- Outlook Money: Jio Platforms IPO price band, dates and valuation (15 October 2026)
- Venture Intelligence: Khaitan & Co tops league table for legal advisors to M&A deals in 2025
- Venture Intelligence: AZB & Partners tops league table for legal advisors to PE deals in 2025
- Jio Platforms draft and red herring prospectus, as reported
This article is for information only and is not investment advice. CorpBridge is not associated with Jio Platforms or any of the firms named.
This is a plain-language summary for general information, not legal or tax advice. The court order or official document is the authoritative text. Ask an expert how it applies to you.