Reliance Industries’ telecom and digital services arm, Jio Platforms Limited, will open its initial public offering (IPO) for subscription on October 21, 2026. The issue is expected to become India’s largest-ever IPO.
The company filed its Red Herring Prospectus (RHP) on Wednesday, outlining the offering details. The subscription window will remain open until October 23, while anchor investors can bid for shares on October 19.
Jio Platforms has fixed the price band at Rs 1,065 to Rs 1,119 per equity share, with a face value of Rs 10 per share.
The company has set the minimum bid at 12 shares per lot. Retail investors must subscribe to at least one lot and can place additional bids in multiples of 12 shares.
At the upper end of the price band, investors will need Rs 13,428 to purchase one lot. The final investment amount will depend on the price at which the shares are allotted.
Jio Platforms has announced a special concession for eligible employees participating in the employee reservation portion of the IPO. Eligible applicants will receive a flat discount of Rs 54 per share.
The offering marks a significant development for Reliance Industries’ digital and telecommunications business as it prepares to enter the public market.
The prospectus outlines the price band, bidding dates and employee discount. Investors can review the details before subscribing.
The IPO will open to investors on Wednesday, October 21, and close on Friday, October 23, 2026.
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