Reliance Industries Ltd’s digital services unit Jio Platforms has filed its Red Herring Prospectus (RHP) for its initial public offering, setting the stage for the much-anticipated public issue to open for subscription on October 21 and close on October 23.
The company filed the RHP with the Registrar of Companies, Gujarat, at Ahmedabad, on October 14, according to a regulatory disclosure by Reliance Industries to the BSE and the National Stock Exchange.
The anchor investor bidding date has been set for October 19, the filing said. The IPO will be open for three days, from October 21 to October 23, with anchor investor bidding scheduled two days before the issue opens. Reliance Industries disclosed the dates and offer details in a filing dated October 14.
The IPO will reserve shares worth up to Rs 500 crore for eligible employees and up to Rs 2,500 crore for eligible Reliance Industries shareholders, bringing the combined reservation to Rs 3,000 crore.
Eligible Reliance Industries shareholders are individuals and Hindu Undivided Families (HUFs) who held public equity shares in the parent company as of October 14, the date of filing of the RHP, subject to applicable eligibility criteria and regulatory restrictions.