Jio Platforms files IPO prospectus; subscription opens October 21
As filed · Proposed Initial Public Offer of Jio Platforms Limited - filing of the Red Herring Prospectus.
What happened
FactJio Platforms Limited, a Reliance Industries subsidiary, filed its Red Herring Prospectus with the Registrar of Companies, Gujarat, for an IPO comprising a fresh issue of up to 27,00,00,000 equity shares of face value Rs. 10 each. The offering reserves shares worth up to Rs. 500 crore for eligible employees and up to Rs. 2,500 crore for eligible Reliance Industries shareholders; anchor bidding is scheduled for October 19, with public subscription from October 21 to October 23, 2026.
Why it matters
CapitSignal interpretationAn IPO sets the price at which public holders first take on the business, and the fresh-issue/OFS split decides whether the money reaches the company or the selling shareholders.
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Fact- Price band and issue size
- Fresh issue versus offer for sale
- Stated use of the fresh-issue proceeds
Evidence
How CapitSignal classified this
- Reasoning:
- The RHP filing advances Jio Platforms' planned IPO toward launch and sets the subscription timetable. The shareholder reservation creates a designated subscription pool for eligible public Reliance Industries shareholders.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%