Jio Platforms Limited (JPL), the digital services arm of Reliance Industries, has officially filed its Red Herring Prospectus (RHP) for its anticipated Initial Public Offering (IPO). The public issue is slated to open for subscription on October 21, 2026, and will conclude on October 23, 2026.
Key Details of the Jio Platforms IPO
The RHP, dated October 14, was filed with the Registrar of Companies, Gujarat, at Ahmedabad. The proposed IPO will consist solely of a fresh issue of up to 27 crore equity shares, each with a face value of ₹10. Notably, there is no offer-for-sale component mentioned in the filing, meaning all proceeds from the new shares will go directly to Jio Platforms.
Important Dates for Investors
- Anchor Investor Bidding: Monday, October 19, 2026
- Public Issue Opening: Wednesday, October 21, 2026
- Public Issue Closing: Friday, October 23, 2026
While the RHP filing marks a crucial advancement in the IPO process, the company has not yet disclosed the price band, minimum investment amount, or the valuation at which the shares will be offered. These vital details are expected to be released as the IPO approaches its opening date.
Reservations for Employees and Reliance Shareholders
The proposed IPO includes specific reservations aimed at eligible employees and existing shareholders of Reliance Industries. Jio Platforms has set aside shares worth up to ₹500 crore for subscription by its eligible employees. Additionally, a substantial reservation of shares worth up to ₹2,500 crore has been allocated for eligible Reliance Industries shareholders.
This shareholder reservation is open to individuals and Hindu Undivided Families (HUFs) who hold Reliance Industries shares, either directly or through a karta, subject to meeting applicable eligibility criteria. The company confirmed that individuals ineligible to invest under current laws and regulations as of October 14, 2026, would be excluded from this reservation.
Potential to Break Records
Depending on its final issue size and valuation, the Jio Platforms IPO has the potential to become India's largest-ever public issue. Market estimates suggest the company's valuation could reach approximately ₹10.4 lakh crore. This offering also signifies a major return for the Reliance Industries Group to the primary market, with their last significant public issue being Reliance Petroleum's IPO in April 2006.
Investors are now keenly awaiting the announcement of the price band and other final issue details to fully assess the offering and prepare for the three-day subscription window.