Jio Platforms Limited, a subsidiary of Reliance Industries, filed its Red Herring Prospectus (RHP) with the Registrar of Companies on October 14, 2026, advancing its initial public offering (IPO) process. The IPO subscription will open on October 21 and close on October 23, with the anchor investor bidding scheduled for October 19. The fresh issue includes up to 27 crore equity shares with a face value of ₹10 each, according to livemint.com.
The company had earlier filed its Draft Red Herring Prospectus (DRHP) on June 19, 2026, and received an observation letter from the Securities and Exchange Board of India (SEBI) on August 28, 2026. The RHP details the final offer structure, including reservations for eligible employees and shareholders. Shares worth up to ₹500 crore are reserved for employees, while ₹2,500 crore worth of shares are reserved for eligible Reliance Industries shareholders, including individuals and Hindu Undivided Families (HUFs) holding public equity shares as of October 14, 2026.
This IPO marks a significant step for Jio Platforms as it seeks to raise capital through a fresh equity issue. The reserved shares for employees and Reliance shareholders reflect efforts to include internal stakeholders in the offering. The IPO follows regulatory clearance from SEBI and aligns with recent trends of large technology and telecom companies in India tapping public markets to fund expansion and innovation. The size of the issue positions Jio Platforms among the notable public offerings in the sector.
The IPO subscription window will be open from October 21 to October 23, with anchor investor bids due by October 19, 2026. The final subscription details and allotment will be disclosed after the close of the offering, providing clarity on the capital raised and investor participation.