Jio Platforms Limited has announced the price band for its much-anticipated initial public offering (IPO), setting the price at ₹1,065 to ₹1,119 per equity share. Reliance Industries Limited (RIL) disclosed the details in a regulatory filing submitted to the stock exchanges on Wednesday.
The IPO will bring Reliance Industries’ digital and telecommunications subsidiary to the stock market, attracting significant attention from investors.
Jio Platforms IPO Dates and Subscription Schedule
the public issue will open for subscription on October 21, 2026, and close on October 23. Anchor investors will be able to participate in the bidding process on October 19.
The company is expected to announce the share allotment and listing details after the subscription process is completed.
Price Band, Lot Size and Fresh Share Issue
The IPO committee of Jio Platforms’ board of directors has approved the price range, with a floor price of ₹1,065 and a cap price of ₹1,119 per share.
The company plans to issue up to 27 crore fresh equity shares, each carrying a face value of ₹10. The minimum application size is 12 shares, and investors can bid in multiples of 12.
Special Quota and Discounts for Shareholders and Employees
Reliance Industries has introduced separate reservation categories for eligible shareholders and employees.
Shares worth ₹2,500 crore have been reserved for eligible RIL shareholders. Individual investors and Hindu Undivided Families (HUFs) who held RIL shares as of October 14, 2026, are eligible for this reservation.
An additional reservation worth ₹500 crore has been set aside for eligible employees. Employees applying under this category will receive a discount of ₹54 per equity share.
Regulatory Filings and Listing Details
Jio Platforms submitted its Red Herring Prospectus to the Registrar of Companies in Ahmedabad, Gujarat, on October 14. The company had previously filed its Draft Red Herring Prospectus on June 19.
Reliance Industries confirmed that it received an observation letter from the Securities and Exchange Board of India (SEBI) on August 28.
The regulatory filing has not yet disclosed the total size of the issue or the final listing date.
