Mumbai, October 14 (IANS). Jio Platforms Limited (JPL) on Wednesday submitted its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat. This has cleared the way for the company to launch an Initial Public Offering (IPO) and the public issue will open for subscription on October 21.
“JPL has today filed a red herring prospectus (RHP) for the IPO with the Registrar of Companies, Gujarat in Ahmedabad, dated October 14, 2026,” it said in an exchange filing.
In this IPO, new equity shares worth up to Rs 27 crore with face value of Rs 10 will be issued. In this public issue, a quota of equity shares up to Rs 500 crore has been set for eligible employees of Jio Platforms and equity shares up to Rs 2,500 crore for eligible shareholders of Reliance Industries.
The shareholder quota will be available to individual investors and Hindu undivided families (HUFs) who are public shareholders of Reliance Industries till October 14, 2026, subject to applicable rules.
As per the offer schedule, the bidding process for anchor investors will take place on October 19, while the public issue will open on October 21 and close on October 23.
It further said, “The IPO for anchor investors will open on October 19, 2026. The IPO for retail investors will open on October 21, 2026 and close on October 23, 2026.”
The company includes the telecom operations and digital business of Reliance Jio. This is an important part of Reliance Industries' strategy to unlock value from customer-facing businesses.
Reliance Jio Infocomm, the telecom company of Jio Platforms, is the leader in the Indian telecom market. It has a market share of 32.89 percent (15.79 crore subscribers) in fixed-line connections and 39.29 percent (50.6 crore subscribers) in mobile connections.
–IANS
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