THEBUSINESSBYTES
BUREAU
MUMBAI,
OCTOBER 14, 2026
Reliance Industries
Ltd on Wednesday announced that the price band for the proposed initial public
offering (IPO) of its subsidiary Jio Platforms Ltd has been fixed at Rs
1,065-1,119 per equity share, marking a key milestone in the much-anticipated
public issue of the digital and telecommunications major.
The IPO Committee of
Jio Platforms' Board of Directors approved the price band, employee discount
and minimum bid lot at its meeting held on October 14, according to a
regulatory filing made by Reliance Industries with BSE Ltd and the National
Stock Exchange of India Ltd.
The public issue is
scheduled to open for subscription on October 21 and close on October 23, 2026,
while bidding by anchor investors will take place on October 19, according to
the offer schedule provided.
Under the approved
terms, investors can bid for the shares at a price ranging from Rs 1,065 per
share at the lower end to Rs 1,119 at the upper end. Each equity share carries
a face value of Rs 10.
The minimum bid lot
has been fixed at 12 equity shares, requiring retail investors bidding at the
floor price to invest at least Rs 12,780. At the upper end of the price band,
the minimum application amount would be Rs 13,428, before applicable charges
and subject to the final offer terms.
In a concession aimed
at encouraging participation by eligible employees, Jio Platforms has approved
a discount of Rs 54 per equity share for eligible employees bidding under the
Employee Reservation Portion.
The development
follows an earlier disclosure regarding the filing of the Red Herring
Prospectus (RHP) by Jio Platforms. The latest regulatory communication provides
prospective investors with key pricing and application details ahead of the
opening of the public issue.
Jio Platforms
occupies a central position in Reliance Industries' digital and
telecommunications businesses, making the proposed IPO a closely watched
development in India's capital markets. The pricing announcement is expected to
provide investors with an important benchmark to assess the offering.
The communication was
also marked to the Luxembourg Stock Exchange and Singapore Exchange Ltd for
information and record.
