Jio Platforms files Red Herring Prospectus for proposed IPO; reservations for employees and eligible shareholders
Jio Platforms has shared its Red Herring Prospectus for a proposed IPO of up to 27,00,00,000 equity shares of Rs. 10 each.
By ScoutQuest · · 2 min read
- Fresh Issue Size
- up to 27,00,00,000 equity shares of Rs. 10 each
- Employee Reservation
- Rs. 500 crore reserved for eligible employees
- Shareholder Reservation
- Rs. 2,500 crore for eligible shareholders; IPO opens Oct 21, closes Oct 23, 2026
What the update says
- Jio Platforms Limited (JPL), a subsidiary, has shared its Red Herring Prospectus dated October 14, 2026 with the Registrar of Companies, Gujarat at Ahmedabad, for its proposed Initial Public Offer.
- The IPO is by way of a fresh issue of up to 27,00,00,000 equity shares of face value of Rs. 10/- each.
- This follows the Draft Red Herring Prospectus shared earlier and the receipt of SEBI's observation letter on the DRHP.
What "fresh issue" means
A fresh issue means new equity shares are issued by JPL itself. In a fresh issue, the money raised goes to the company issuing the shares.
Who has a reservation in the issue
- Eligible Employees: equity shares of JPL reserved for a value not exceeding Rs. 500 crore.
- Eligible RIL Shareholders: equity shares of JPL reserved for a value not exceeding Rs. 2,500 crore. These are Individuals and HUFs (directly or in the name of karta) who are public equity shareholders of Reliance Industries Ltd as on the date of the update of the RHP, that is, October 14, 2026, excluding persons who are not eligible to invest in the IPO under applicable laws, rules, regulations and guidelines.
- The RHP defines who counts as an Eligible Employee.
Key dates
- Anchor Investor Bidding Date: Monday, October 19, 2026.
- IPO opens for subscription: Wednesday, October 21, 2026.
- IPO closes: Friday, October 23, 2026.
How to read this
This is an update on the progress of a proposed listing of a subsidiary. It sets out the structure of the offer — a fresh issue, with reserved portions for employees and for eligible public shareholders of the parent — and the subscription window.
The update states the IPO includes the reservations described above, and that the terms of eligibility are as defined in the RHP.
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More numbers
- Fresh issue size27,00,00,000 equity shares
- Face value per equity shareRs. 10/-
- Reservation for Eligible EmployeesRs. 500 crore
- Reservation for Eligible RIL ShareholdersRs.2,500 crore
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