Jio Platforms Files RHP for Major IPO in Gujarat
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Jio Platforms filed its Red Herring Prospectus with the Registrar of Companies in Gujarat on October 15, 2026. The IPO is scheduled to begin on October 21 and remain open for subscription until October 23. The offering is a completely fresh issue of up to 27 crore equity shares, priced between ₹1,065 and ₹1,119 per share, aiming to raise between ₹28,755 crore and ₹30,213 crore. Shares are slated to debut on October 28 on the BSE and NSE.
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Why it matters
The offering is projected to become India's largest public issue in rupee terms, surpassing previous offerings. The IPO structure includes no offer-for-sale component, meaning existing shareholders will not sell their holdings through the public issue. The company is the technology subsidiary and operational arm of Reliance Industries Limited.
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Who's involved
- Jio PlatformsIndian telecommunications and technology company launching the IPO
- Reliance Industries LimitedDominant owner of Jio Platforms
- MetaHolds a minority equity stake in Jio Platforms
- JioThe telecommunications network operating under Jio Platforms
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AXIS CapitalSpeculative
AXIS Capital could see increased transactional fees or revenue due to its involvement in the IPO.
- IndiaSpeculative
India might see increased national financial market liquidity and investor confidence from the major capital raise.
- MetaSpeculative
Meta could see increased value of its equity stake in Jio Platforms.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Jio Platforms IPO may boost Reliance Industries Limited's valuationJio Platforms' IPO could boost Reliance Industries Limited's overall group valuationLikely
- Meta's stake in Jio Platforms may gain value from IPOMeta's minority stake in Jio Platforms could see increased value from IPOLikely
- SEBI must review Jio Platforms' Red Herring Prospectus filingSEBI must review Jio Platforms' Red Herring Prospectus filingLikely
- Jio Platforms IPO could boost AXIS Capital's revenueAXIS Capital may see increased transactional fees from Jio Platforms IPOLikely
- Jio Platforms' major IPO could intensify competition and valuation pressure on Bharti AirtelJio Platforms' major IPO could intensify competition and valuation pressure on Bharti Airtel.Possible
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The entities involved
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Jio Platforms
Indian telecommunications and technology company
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Gujarat
state of India