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Reliance Jio Platforms Files Final IPO Prospectus Opening On October 21
- •Jio Platforms Ltd has filed its final red herring prospectus for an initial public offering expected to be India largest.
- •The fresh issue of up to 27 crore equity shares will open for subscription on October 21 and close on October 23, with anchor bidding on October 19.
- •Reports suggest the company is aiming to raise about Rs 30,000 crore through the public offering.
- •The IPO includes reserved portions of up to Rs 500 crore for eligible employees and up to Rs 2,500 crore for eligible Reliance shareholders.
- •Proceeds from the entirely fresh issue will be utilized to prepay certain borrowings of subsidiary Reliance Jio Infocomm and for general corporate purposes.
Key Questions Answered
The initial public offering for Jio Platforms opens for public subscription on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026. Anchor investor bidding is scheduled for Monday, October 19, 2026, and the equity shares are expected to officially list on the stock exchange on October 28, 2026.
The public offering consists of a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. The issuance includes specific reserved portions of up to Rs 500 crore for eligible Jio Platforms employees and up to Rs 2,500 crore for eligible Reliance shareholders.
In the fiscal year ending March 2026, Jio Platforms reported a 14.6 percent rise in consolidated revenue from operations to Rs 1,46,885 crore and a 15.1 percent increase in net profit to Rs 30,049 crore. The company also maintained a strong subscriber base exceeding 524 million alongside an average revenue per user of Rs 214 in the final quarter.
