Jio Platforms Ltd (JPL), a subsidiary of Reliance Industries Ltd, has fixed the issue price for its initial public offering (IPO) at ₹1,119 per equity share, following the conclusion of the subscription period on October 23.
The company has filed its prospectus with the Registrar of Companies, Gujarat, at Ahmedabad. The IPO comprised a fresh issue of up to 27 crore equity shares with a face value of ₹10 each.
Price band set at ₹1,065–1,119
The IPO Committee of Jio Platforms’ board approved the price band on October 14, 2026, setting the floor price at ₹1,065 and the cap price at ₹1,119 per share.
The issue opened for subscription on October 21 and closed on October 23. The final issue price, including the price applicable to anchor investors, was fixed at the upper end of the price band.
Employee discount and bid lot
Eligible employees bidding under the employee reservation portion were offered a discount of ₹54 per share.
The minimum bid lot was fixed at 12 equity shares, with applications permitted in multiples of 12 shares thereafter.
IPO marks key capital market milestone
The proposed public issue represents a significant capital market development for Jio Platforms, which operates within the Reliance Industries group’s digital services business.
The fresh issue is intended to raise capital through the public markets, with the final issue price determining the amount payable by successful applicants for each allotted share.
Broaden shareholders base
Jio Platforms’ proposed public issue provides an opportunity to broaden its shareholder base and enable public-market participation in its digital services business.
As a fresh issue of shares, the IPO will bring capital into the company, while the listing is expected to enhance its visibility and provide a market-based valuation of its business.