Jio Platforms IPO Price Band Set at Rs 1,065-1,119; Bidding Starts Oct 21
Jio Platforms sets IPO price band between Rs 1,065 and Rs 1,119. Subscription opens October 21 with special reservations for RIL shareholders and employees.
In a massive move for the Indian digital and telecommunications landscape, Jio Platforms Limited, the subsidiary of Reliance Industries Limited (RIL), has officially announced the price band for its highly anticipated initial public offering (IPO). According to regulatory filings made by RIL on Wednesday, the price band has been fixed between Rs 1,065 and Rs 1,119 per equity share.
The IPO is scheduled to open for public subscription on October 21 and will remain open until October 23. This landmark offering represents a significant milestone for the digital powerhouse that sits at the heart of Reliance Industries' technology and telecom ecosystem.
Key Details of the Jio Platforms IPO
The IPO Committee of the Board of Directors at Jio Platforms approved the pricing structure, establishing a floor price of Rs 1,065 and a cap price of Rs 1,119. The company intends to issue up to 27 crore fresh equity shares, each having a face value of Rs 10.
Investors looking to participate should note the following structure:
- Anchor Investor Bidding: Scheduled for October 19.
- Subscription Period: October 21 to October 23.
- Minimum Lot Size: 12 equity shares.
- Bidding Increments: All subsequent bids must be in multiples of 12 shares.
Special Reservations for RIL Shareholders and Employees
In a strategic move to reward its existing ecosystem, Jio Platforms has carved out specific reservation categories. The company has reserved shares worth up to Rs 2,500 crore specifically for eligible Reliance Industries shareholders. This reservation is applicable to eligible individual investors and Hindu Undivided Families (HUFs) who held shares in the parent company as of the RHP filing date, October 14, 2026.
Furthermore, a dedicated portion of up to Rs 500 crore has been reserved for eligible employees. To encourage internal participation, eligible employees bidding under this category will benefit from a discount of Rs 54 per equity share.
The Road to Listing
The journey toward this public listing has been a long-standing process. Following the filing of its Draft Red Herring Prospectus (DRHP) on June 19, 2026, the company received an observation letter from the Securities and Exchange Board of India (SEBI) in August 2026. With the filing of the Red Herring Prospectus (RHP) on October 14, 2026, at the Registrar of Companies in Ahmedabad, the stage is now set for one of the most significant market entries in recent times.
While the price band and subscription dates are now clear, the final issue size and the official listing date on the stock exchanges remain to be specified in upcoming filings.