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Reliance Jio IPO To Open On Oct 21, Files RHP

The RHP follows Jio Platforms' filing of its draft red herring prospectus (DRHP) on June 19 and the subsequent receipt of an observation letter from the Securities and Exchange Board of India (SEBI) on August 28

AI generated representative image
Reliance Jio IPO To Open On Oct 21 AI generated representative image
Summary
  • Jio Platforms has filed its RHP with the ROC, Gujarat

  • The IPO will open on October 21 and close on October 23, with anchor bidding on October 19

  • The fresh issue comprises up to 27 crore equity shares

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Reliance Industries' digital and telecom subsidiary, Jio Platforms Limited (JPL), has filed its red herring prospectus (RHP) with the Registrar of Companies (ROC), Gujarat, ahead of its initial public offering (IPO), the company said in a regulatory filing on Wednesday.

The IPO will open for subscription on October 21 and close on October 23. Bidding for anchor investors is scheduled for October 19, the filing said.

The offering comprises a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The company has not disclosed the final issue price in the regulatory announcement.

This is a breaking story. Stay tuned for updates...