Jio Platforms IPO: Price Band ₹1,065-₹1,119, ₹54 Employee Discount Set
Jio Platforms Limited's IPO price band is set between ₹1,065 and ₹1,119 per share. Eligible employees will receive a ₹54 discount. The minimum bid lot is 12 shares. This update follows the filing of the Red Herring Prospectus.
The IPO of Jio Platforms is a major event for Reliance Industries, involving substantial fundraising and potentially impacting the market significantly.
The announcement details the pricing and discount for the Jio Platforms IPO, indicating progress towards a significant equity fundraising event which is generally viewed positively by the market.
Reliance Industries Limited (RELIANCE) has announced details regarding the proposed Initial Public Offer (IPO) of its subsidiary, Jio Platforms Limited (JPL). This follows the earlier filing of the Red Herring Prospectus by JPL.
The IPO Committee of JPL's Board of Directors, in a meeting held on October 14, 2026, approved the Price Band, Employee Discount, and Minimum Bid Lot for the IPO.
The Price Band has been set from a Floor Price of ₹1,065 per equity share to a Cap Price of ₹1,119 per equity share. Eligible employees bidding under the Employee Reservation Portion will receive a discount of ₹54 per equity share. The Minimum Bid Lot has been fixed at 12 equity shares, with subsequent bids to be made in multiples of 12 equity shares.
What to do with a filing like this
Reliance Industries Limited filed this with the NSE as a statutory disclosure, categorised under ipo. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliance Industries Limited. Read the original for the full detail.