Jio Platforms Limited, a subsidiary of Reliance Industries, has filed its Red Herring Prospectus (RHP) with the Registrar of Companies, on October 14, 2026, taking another key step towards its initial public offering (IPO).
The RHP showed that the mega issue will open for subscription on Wednesday, October 21, and close on Friday, October 23, 2026. The anchor investor bidding date has been scheduled for Monday, October 19.
As outlined in the earlier DRHP, the IPO proposed a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The final offer structure and other details should be verified against the RHP.
The issue is entirely a fresh issue, with no existing investors looking to exit through the IPO. Jio Platforms’ investors include Meta Platforms Inc., Alphabet Inc., Mubadala and Saudi Arabia’s Public Investment Fund, according to the draft prospectus.
Jio Platforms has appointed 19 banks to manage the share sale, including Kotak Mahindra Capital Co., Morgan Stanley, Bank of America Corp., Axis Capital Ltd., BNP Paribas SA, and Citigroup Inc.