Reliance Jio IPO: The much-awaited Reliance Jio Platforms IPO has put Reliance Industries share price in the spotlight, with investors assessing whether buying the parent company's stock ahead of the telecom and digital services business's market debut could be a worthwhile opportunity
The Jio Platforms IPO is all set to hit the primary market on on 21 October and will remain till 23 October. The Reliance Group subsidiary has fixed the price band for the Jio Platforms IPO at ₹1,065– ₹1,119 per equity share. Accordingly, the group's digital services arm is expected to garner between ₹28,755 crore and ₹30,213 crore through the public offering.
Reliance's digital subsidiary had also announced a ₹54-per-share discount for eligible employees applying under the employee reservation category. In addition, Jio Platforms confirmed a shareholders' reservation in its final prospectus, setting aside shares worth up to ₹2,500 crore for eligible shareholders.
However, it is to be noted that the record date to be eligible for shareholder reservation in Reliance Jio IPO has been surpassed, leaving the question behind it is still a good time to buy RIL stock before the listing. According to the Red Herring Prospectus, the record date was fixed for October 14, 2026.
Mahesh M Ojha, VP Research & Business Development at Kantilal Chhaganlal Securities, is positive about the near-term outlook for Reliance Industries shares.