Jio Platforms filed its Red‑Herring Prospectus on 14 Oct, setting the IPO window from 21 to 23 Oct 2026 and anchoring investor bids on 19 Oct. The filing outlines a fresh issue of 27 crore equity shares at a face value of ₹10.
The prospectus earmarks ₹500 crore for employees and ₹2,500 crore for existing RIL shareholders, totalling ₹3 000 crore in reserved equity. Eligibility hinges on holding RIL shares or HUF status as of the filing date, with ineligible parties excluded.
Beyond a telecom operator, Jio Platforms boasts 524 million mobile subscribers and 27 million broadband users, plus an enterprise network serving banks, airports and power grids. This breadth underpins the ₹3 000 crore reservation and feeds expectations of a high valuation.
Analysts are pricing the IPO around ₹1,200 per share, implying a market cap near ₹3.2 trillion. RIL’s retail shareholder base—7.16 % as of June 2026—may see dilution, but the reservation aims to cushion short‑term impact. Trading commences on 21 Oct, with early reports hinting at a 5 % rally as investors soak in the valuation potential.