The IPO of Reliance Industries Limited’s digital services company Jio Platforms will open from October 21 to 23. The company will issue 27 crore shares. Its target is to raise ₹30 thousand crore from this. Anchor investors will be able to place bids from October 19. According to the exchange filing, the bidding date for anchor investors i.e. large institutional investors has been fixed for October 19. That means anchor investors will be able to bid two days before the issue opens. This IPO will be open for common investors for three days. ₹ 3,000 crore reserve for employees and shareholders The company has kept reservation for its employees and shareholders of Reliance Industries in the IPO… This will be the biggest IPO in the country so far. According to media reports, Jio Platforms can set the price band of shares for its IPO at ₹ 1,065 to ₹ 1,119 per share. This will be the biggest IPO ever in the country. Through this the company will raise approximately Rs 30,200 crore. Earlier, Hyundai Motor India’s Rs 27,858 crore IPO in 2024 was the country’s largest IPO. Who will get the benefit of shareholder quota? Eligible Reliance shareholders include individuals and Hindu Undivided Families (HUFs) who held public equity shares of Reliance Industries as on the date of filing of RHP i.e. October 14. This discount will be subject to applicable eligibility criteria and regulatory rules. 27 crore fresh shares will be issued. According to the filing, through this IPO the company will issue up to 27 crore fresh shares with face value of ₹ 10. Jio Platforms includes the telecom and digital services business of Reliance Jio. This business is an important part of the value unlocking strategy of Reliance Industries. Given India’s rapidly growing digital ecosystem and huge telecom network, market investors are eyeing this listing. Through RHP, investors will get detailed information about the company’s financial performance, business risk and other important aspects. Approval was received from SEBI in August. Reliance Industries said in its disclosure that Jio Platforms had earlier submitted the Draft Red Hearing Prospectus (DRHP) on June 19. After this, on August 28, observation letter i.e. approval was received from the market regulator Securities and Exchange Board of India (SEBI). Jio is the largest telecom operator in the country. Jio Platforms is currently the largest telecom operator in the country. The company’s total subscriber base at the end of FY26 stood at 52.44 crore. A year ago in FY25 it was Rs 48.82 crore. Jio Platforms is a tech company of Reliance. Jio Platforms is a tech company of Reliance, whose headquarters is in Mumbai. Along with running the largest mobile network in India, this company also provides advanced 5G services and technology to other telecom companies of the world. It has all the necessary software, network services and AI tools related to 5G. With the help of this technology, it becomes very easy for big companies and private networks to use 5G, which can also be run on the Internet cloud. Company filed RHP: The company has filed Red Hearing Prospectus i.e. RHP for IPO on Wednesday. The RHP was filed with the Registrar of Companies (RoC) in Ahmedabad, Gujarat. Reliance Industries has given this information in the regulatory filing given to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). What is RHP (Red Herring Prospectus)? This is an official document that a company submits to SEBI and Registrar of Companies (RoC) before launching an IPO. It contains complete details of the company’s business, financial position, promoters and risk factors. It only contains the final price of shares (issue price) or the estimated range instead of the price band and the number of shares, which is decided later. Also read this news… Wholesale inflation highest in 5 months: Effect of food items becoming expensive; Retail inflation also increased; wholesale inflation increased to 11.39% in September. The government released these figures today, October 14. This is the highest in five months. In August it was 9.92%. The reason for increase in wholesale inflation is the cost of food items, fuel, power and manufactured products. Retail inflation has also increased to 5.54% in September. In August it was 4.82%. Read the full news…
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The country’s biggest IPO will open on October 21: JIO will raise ₹30 thousand crore from 27 crore shares; Investors will be able to bid till October 23
