Cleared by SEBI, waiting on the RHP
Jio Platforms filed its draft red herring prospectus with India's Securities and Exchange Board of India (SEBI) on June 19, 2026, and SEBI issued its observations on August 28, 2026, clearing the way for the IPO, Reuters reported.
As of October 9, 2026, SEBI's list of red herring documents filed with the Registrar of Companies has no Jio Platforms entry, and the company has not announced a price band, issue dates or lot size. CNBC-TV18 described the next steps on October 1, 2026: an RHP with the final issue structure, then a price band announced by the company and its book-running lead managers.
What the draft prospectus proposes
The draft describes a 100% fresh issue of up to 27 crore equity shares of ₹10 face value, about 2.9% of the post-issue capital, with no offer for sale by existing shareholders. The shares are to list on BSE and NSE, and 19 book-running lead managers have been appointed, including Kotak, Morgan Stanley, Goldman Sachs, J.P. Morgan, Citi, HSBC and UBS, CNBC-TV18 reported on October 1, 2026.
The net proceeds are mainly meant to prepay about ₹27,500 crore of borrowings of Reliance Jio Infocomm, with the balance for general corporate purposes. Reuters put the IPO at roughly $3.8 billion when SEBI cleared it; CNBC-TV18 noted on October 1 that the market estimate of about ₹37,700 crore is not a confirmed size, because the issue price is not set.
Reported dates, and who reported them
Reuters reported on October 5, 2026, citing two sources familiar with the matter, that Jio Platforms plans to launch the IPO on October 21, seeking to raise about $3.8 billion, with shares expected to list on October 28; Reliance did not respond to Reuters. The Economic Times reported on October 6, citing people familiar with the development, an RHP filing after October 12, an anchor book on October 19, bidding from October 21 to 23, allotment on October 26, listing on October 28 and a price band of ₹1,150 to ₹1,220 per share. ET Now reported on October 8 an issue size of at least ₹30,000 crore and said the price band, closing date and listing date had not been disclosed.
CNBC-TV18 reported a matching timetable on October 2, 2026. CNBC-TV18's parent, Network18, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary, according to the channel's disclosure. PTI reported on October 4, citing banking sources, that Jio had finished its overseas roadshows. None of these is a company announcement, and the reported price band and size may change. This is an Indian listing regulated by SEBI, so SEC EDGAR does not cover it.