Reliance Jio Platforms IPO bidding to open from 21st October
Reliance Industries formally informed the stock exchange that its digital services unit Jio Platforms has filed its Red Herring Prospectus (RHP) for its initial public offering (IPO), marking an opening for the public issue for subscription on October 21, and close on October 23.
In a letter addressed to the National Stock Exchange the Company secretary & compliance officer Savitri Parekh stated" This is further to our (i) disclosure dated June 19, 2026 regarding the filing of the Draft Red Herring Prospectus ("DRHP") by Jio Platforms Limited (JPL), a subsidiary of the Company, in connection with its Initial Public Offer by way of a fresh issue of up to 27,00,00,000 (Twenty seven crore) equity shares of face value of Rs. 10/- each ("IPO"); and (ii) disclosure dated August 28, 2026 intimating receipt of observation letter from SEBI on the DRHP.JPL has today, i.e., October 14, 2026, filed the Red Herring Prospectus dated October 14, 2026 ("RHP") with the Registrar of Companies, Gujarat at Ahmedabad, for the IPO.
"The IPO includes reservation of equity shares of JPL (i) for a value not exceeding Rs. 500 crore for subscription by the Eligible Employees (as defined in the RHP); and (ii) for a value not exceeding Rs.2,500 crore for subscription by the Eligible RIL Shareholders, i.e., Individuals and HUFs (directly or in the name of karta) who are the public equity shareholders of the Company (excluding such persons who are not eligible to invest in the IPO under applicable laws, rules, regulations and guidelines), as on the date of the filing of the RHP by JPL, i.e., October 14, 2026.The Anchor Investor Bidding Date is Monday, October 19, 2026. The IPO will open for subscription on Wednesday, October 21, 2026 and shall close on Friday, October 23, 2026."
"The IPO Committee of the Board of Directors of JPL, at its meeting held today, October 14, 2026, has approved the Price Band, Employee Discount, and Minimum Bid Lot for the IPO as detailed below:
"The IPO includes reservation of equity shares of JPL (i) for a value not exceeding Rs. 500 crore for subscription by the Eligible Employees (as defined in the RHP); and (ii) for a value not exceeding Rs.2,500 crore for subscription by the Eligible RIL Shareholders, i.e., Individuals and HUFs (directly or in the name of karta) who are the public equity shareholders of the Company (excluding such persons who are not eligible to invest in the IPO under applicable laws, rules, regulations and guidelines), as on the date of the filing of the RHP by JPL, i.e., October 14, 2026.The Anchor Investor Bidding Date is Monday, October 19, 2026. The IPO will open for subscription on Wednesday, October 21, 2026 and shall close on Friday, October 23, 2026."
"The IPO Committee of the Board of Directors of JPL, at its meeting held today, October 14, 2026, has approved the Price Band, Employee Discount, and Minimum Bid Lot for the IPO as detailed below:
- Price Band: A range from a Floor Price of Rs 1,065 per equity share to a Cap Price of Rs 1,119 per equity share.
- Employee Discount: A discount of Rs 54 per equity share for Eligible Employees bidding under the Employee Reservation Portion.
- Bid Lot: 12 Equity Shares of face value of ₹10 each ("Minimum Bid Lot") and in multiples of 12 Equity Shares of face value of Rs 10 each thereafter."
