Reliance Industries Limited (RIL) has filed a disclosure regarding the Initial Public Offer (IPO) of its subsidiary, Jio Platforms Limited (JPL). The disclosure was communicated to BSE Limited and the National Stock Exchange of India Limited on October 16, 2026.

Jio Platforms Limited, incorporated on November 15, 2019, is a subsidiary of RIL, which holds 66.43% of JPL's pre-issue paid-up equity share capital. JPL is undertaking an IPO by way of a fresh issue of up to 27,00,00,000 (Twenty Seven Crore) equity shares of face value ₹10 each.

The IPO includes a reservation of equity shares for eligible RIL shareholders (individuals and HUFs) for a value not exceeding ₹2,500 crore. The key details of the offer are:

  • Price Band: Floor Price of ₹1,065 per equity share to a Cap Price of ₹1,119 per equity share.
  • Bid Lot: 12 Equity Shares (Minimum Bid Lot) and in multiples thereof.
  • Bid/Issue Opening Date: Wednesday, October 21, 2026.
  • Bid/Issue Closing Date: Friday, October 23, 2026.
  • Maximum Bid Amount under Reservation: An eligible RIL shareholder shall not exceed ₹200,000. Bids under this portion can be made at the Cut-Off Price.

Eligible shareholders bidding in the reservation portion are also permitted to bid under the Net Issue (Retail or Non-Institutional Portion) and the Employee Reservation Portion, if eligible. Such bids will not be considered multiple bids.

The Red Herring Prospectus (RHP) for the IPO was filed with the relevant authorities on Wednesday, October 14, 2026. The RHP is available on the websites of SEBI (www.sebi.gov.in), BSE (www.bseindia.com), and NSE (www.nseindia.com), as well as the websites of the Book Running Lead Managers (BRLMs).

The communication is explicitly stated to be for information purposes only and is not a solicitation to participate in the IPO, nor does it assure any allotment of shares. The announcement is not an offer of securities in the United States or elsewhere.

The letter was signed by Savithri Parekh, Company Secretary and Compliance Officer of Reliance Industries Limited, from the registered office at Maker Chambers IV, Nariman Point, Mumbai.