From mint · A Ksheerasagar · · 1m 20s
Jio Platforms Files IPO RHP
Jio Platforms to launch IPO on October 21 with fresh equity shares.
In brief
Jio Platforms to launch IPO on October 21 with fresh equity shares. Jio Platforms will open its IPO subscription on October 21, 2026, offering up to 27 crore equity shares for an estimated valuation of ₹10.3 trillion. Originally reported by mint.
Jio Platforms Files RHP
Jio Platforms filed its Red Herring Prospectus on October 14, 2026, for an IPO scheduled to open October 21 and close October 23.
IPO Subscription Window
The IPO subscription window opens October 21 and closes October 23, with anchor investor bidding on October 19.
Fresh Issue Details
The issue includes up to 27 crore equity shares with a face value of ₹10 each, entirely fresh with no existing investors exiting.
Employee and Shareholder Reservations
Up to ₹500 crore for eligible employees and ₹2,500 crore for Reliance Industries shareholders will be reserved.
Price Band and Valuation
The IPO price band is likely ₹1,065, 1,119 per share, aiming for a valuation of up to ₹10.3 trillion ($108 billion).
Grey Market Premium
The grey market premium for the IPO has risen to ₹220 as the issue opening date approaches.
First Public Offering by Reliance Group
This will be the first public offering by the Reliance Group in nearly two decades and the first consumer-facing business listing within the conglomerate.
The big picture
Jio Platforms will open its IPO subscription on October 21, 2026, offering up to 27 crore equity shares for an estimated valuation of ₹10.3 trillion.
