Reliance Industries Limited submitted a regulatory disclosure regarding the proposed Initial Public Offer (IPO) of its subsidiary Jio Platforms Limited (JPL).
The disclosure serves as a follow-up to the company's previous communication dated October 14, 2026, regarding the filing of the Red Herring Prospectus by JPL.
The IPO Committee of JPL's Board of Directors held a meeting on October 14, 2026, and approved key parameters for the upcoming IPO:
- Price Band: Established a range from a Floor Price of ₹1,065 per equity share to a Cap Price of ₹1,119 per equity share
- Employee Discount: Approved a discount of ₹54 per equity share specifically for Eligible Employees participating in the Employee Reservation Portion
- Bid Lot Structure: Set the Minimum Bid Lot at 12 equity shares of face value ₹10 each, with subsequent bids required to be in multiples of 12 equity shares
The communication was addressed to BSE Limited and National Stock Exchange of India Limited, with copies sent to Luxembourg Stock Exchange and Singapore Exchange Limited.
The disclosure was signed by Savithri Parekh, Company Secretary and Compliance Officer of Reliance Industries Limited, on October 14, 2026, at 19:48:49 IST.