On October 14, 2026, Reliance Industries Limited announced that its subsidiary, Jio Platforms Limited, has filed its Red Herring Prospectus with the Registrar of Companies in Ahmedabad, Gujarat for its Initial Public Offering (IPO), as per the exchange filings.  

This follows a Draft Red Herring Prospectus submitted on June 19, 2026, and an observation letter from SEBI received on August 28, 2026. 

Details of the Jio Platforms IPO 

The public offering involves a fresh issue of up to 27,00,00,000 equity shares, each with a face value of ₹10.  

The offering includes a reservation of up to ₹500 crore for eligible employees and ₹2,500 crore for eligible RIL shareholders. 

Jio Platforms IPO Key Details and Pricing 

The IPO Committee has approved a price band for the offering, ranging from ₹1,065 to ₹1,119 per equity share. The minimum bid lot is 12 equity shares, with eligible employees receiving a ₹54 discount per share.  

Jio Platforms IPO Key Dates and Allocation 

The bidding process for anchor investors is set for October 19, 2026. 

General subscription opens on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026. Following the closure, the finalisation of the basis of allotment with the designated stock exchange will take place on or about Monday, October 26, 2026.  

The initiation of refunds (or unblocking of funds from the ASBA account) as well as the credit of equity shares to the depository accounts of the allottees are both scheduled to occur on or about Tuesday, October 27, 2026.  

Finally, the commencement of trading of the equity shares on the stock exchanges is expected to begin on or about Wednesday, October 28, 2026. 

The IPO includes specific reservations for eligible employees and RIL shareholders, ensuring a structured allocation of shares. 

Jio Platforms IPO Capital Matrix Narrative Summary  

For the upcoming Jio Platforms IPO, the Gross Issue Size is established at ₹30,213.00 Crore at the cap price of ₹1,119, scaling down to ₹28,755.00 Crore at the floor price of ₹1,065, as per news reports.  

While internal corporate incentives, such as the employee discount reduce the actual cash entering the corporate treasury to a Net Cash Proceeds of ₹30,188.87 Crore at the cap price and ₹28,729.65 Crore at the floor price, the baseline market valuation remains unchanged.  

Across both pricing boundaries, the capital structure is anchored by a fixed volume of 27,00,00,000 Total Shares Created.  

The gross issue metric remains the standard baseline for institutional comparisons, as employee shares instantly achieve open-market fungibility upon listing, and any unsubscribed employee quotas automatically revert to the general public at the full public offering price. 

Read More: Key Financials and Performance Overview of Jio Platforms IPO! 

JIO Platforms IPO Compliance and Communication 

The official communication regarding the IPO was released on October 14, 2026, and addressed to BSE Limited and the National Stock Exchange of India Limited.  

The notice was signed by Savithri Parekh, Company Secretary and Compliance Officer, and copies were forwarded to international exchanges, including the Luxembourg Stock Exchange and the Singapore Exchange Limited. 

Conclusion 

Reliance Jio Platforms' IPO filing includes 27,00,00,000 shares with reservations for employees and RIL shareholders. The bidding for anchor investors starts on October 19, 2026, with the public subscription window open from October 21 to October 23, 2026. 

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.