# Jio IPO Opens as ARPU Trails Airtel’s India Mobile Figure by About ₹48 By John Kim Canonical URL: https://www.tokenpost.com/news/business/36731 Published: 2026-10-21T14:09:08.000Z Updated: 2026-10-21T14:09:08.000Z Section: Business > Jio is offering up to 270 million new shares. Its ARPU and Airtel’s figure cover different customer groups. Jio Platforms opened its Indian initial public offering (IPO) Wednesday, putting its June-quarter average revenue per user (ARPU) of ₹215.6 alongside Bharti Airtel’s ₹264 India mobile figure. The company is offering up to 270 million new shares at ₹1,065 to ₹1,119 each in a sale that could raise $3.2 billion. A minimum bid of 12 shares costs ₹12,780 at the low end of the range and ₹13,428 at the high end. Ahead of the Oct. 21 public subscription, Jio allocated about 72.5 million shares to anchor investors at ₹1,119 each. The ARPU measures cover different customer groups. Jio’s customer base includes mobile and fixed broadband, while Airtel’s figure covers India mobile customers. The reported difference is ₹48.4 per month. Reliance Jio Infocomm Limited (RJIL), Jio Platforms’ telecom subsidiary, served 533.3 million customers as of June 30 and generated 87.34% of Jio Platforms’ consolidated operating revenue that quarter. Jio plans to use most of the IPO proceeds to repay debt at RJIL. Bitget listed a [Jio-linked perpetual futures contract]() tied to pre-IPO pricing on Wednesday, Oct. 14. The IPO subscription is scheduled to close Oct. 23. ## Links in this article - [Jio-linked perpetual futures contract](https://www.tokenpost.com/news/investing/32505)