Jio Platforms Ltd IPO
Status: Closed
Overview
IPO date
21 Oct 2026 to 23 Oct 2026
Face value
₹ 10 per share
Price
₹ 1065 to ₹1119 per share
Issue Size
270,000,000 shares
(aggregating up to ₹ 30213 Cr)
(aggregating up to ₹ 30213 Cr)
Allotment Date
26 Oct 2026
Listing at
NSE
Issue type
Book Building
Sector
IT - Software
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T&C*
Strengths vs Risks of Jio Platforms Ltd
Know the pros & cons
Strengths
- A technology company with deep-rooted engineering capabilities and full-stack proprietary capabilities.
- Transforming digital connectivity and digital services in India.
- Culture of pioneering and innovation driving execution engine excellence.
- The nation scale, digital gateway to India.
- Future-ready network infrastructure.
- Proven track record of scale, growth and profitability with strong balance sheet.
Risks
- Reliance Jio Infocomm Limited ("RJIL") holds telecommunication licence and spectrum across different bands which are critical for its operations. Any inability to maintain or renew such licences or to successfully bid for any spectrum required for the company operations, could have a material adverse impact on its business, financial condition and results of operations.
- The company has entered into various agreements with the Promoter, Reliance Retail Limited and other Reliance Group entities for various aspects of its business. Any disruption in the services under these agreements could have an adverse impact on the company's business, financial condition and results of operations.
- Reliance Retail Limited ("RRL") is the sole distributor of the company's pre-paid connectivity services and provides channel distribution, marketing and promotional activities services to the company. Any disruption in its arrangement with RRL would adversely impact the company's business, financial condition and results of operations.
- The company's Material Subsidiary, RJIL, contributes significantly to its Revenue from Operations, EBITDA and PAT. For instance, in Fiscal 2026 and the three months ended June 30, 2026, RJIL contributed 87.74%, 94.88% and 93.76%, and 87.34%, 93.89% and 92.31%, respectively, of the company's consolidated Revenue from Operations, EBITDA and PAT. Accordingly, any deterioration in the business, financial condition and results of operations of RJIL would adversely impact its consolidated financial condition and consolidated results of operations. Further, while the company operates as a technology platform, its key operational indicators ("KPIs") are primarily pertaining to the company's digital connectivity services provided by RJIL and does not reflect the technology platform specific metrics.
- Any disruption to the company's network, passive infrastructure and technology could impair its ability to ensure consistent performance and deliver uninterrupted customer experience, which could have a material adverse impact on the company's business, financial condition and results of operations, and could lead to increased churn in its customer base.
- If the company is unable to respond to changes in technologies, including for instance, more competitive satellite-based broadband services and the evolving demands of its customers, the company may faces technological obsolescence, which would have a material adverse impact on its business, financial condition and results of operations.
- The company does not control the use of the "Jio" trademark by other companies in the Reliance Group. Such shared use of the "Jio" brand exposes it to risks related to negative publicity resulting from actions beyond the company's control. Further, its may be unable to adequately protect the company's intellectual property rights, and its may also be subject to risks of infringement claims. Any of these events may have a material adverse impact on the company's reputation, business, financial condition and results of operations.
- The company depends on a limited group of passive infrastructure service providers for a substantial portion of its telecommunication towers and optic fibre network. Any disruption in the availability of these passive infrastructure assets could have an adverse impact on the company's business, financial condition and results of operations.
- Any cybersecurity, data or privacy breach could interrupt the company operations and have an adverse effect on its reputation, brand, business, financial condition and results of operations.
- The deployment of artificial intelligence ("AI") and machine learning ("ML") technologies across the company operations may not yield the desired results. Further, reliance on AI/ML technologies may expose it to inherent risks pertaining to algorithmic bias and model errors leading to inaccurate or biased outputs, which may cause reputational harm and adversely impact the company's business, financial condition and results of operations.
- The company has incurred significant indebtedness. The company's inability to meet its obligations, including financial and other covenants, under the company's debt financing arrangements could adversely affect its business, financial condition, results of operations and cash flows. Further, the company may not be able to fund its capital expenditures and expansion efforts, which could have an adverse impact on the company's business.
- The company's telecommunications business is highly regulated and subject to evolving laws, regulations, and government policies. The company's inability to comply with such laws, regulations, government policies, and the terms and conditions of its licences required to operates the company's businesses may lead to modification, suspension, non-renewal or additional payments.
- The company's success depends on its ability to attract and retain customers on the company's platform. Further, its revenue growth is dependent on the company's ability to sustain and increase ARPU. Any failures to do so may have an adverse effect on the company's business, financial condition and results of operations.
- The company's capital-intensive business requires significant capex, and its may not realise the expected benefits.
- The company may implement new lines of business, offer new services within existing lines of business or expand into international markets. Such investments may not meet the changing needs of its customers and could have an adverse effect on the company's business, financial condition and results of operations.
- The company relies on a limited number of vendors, including related parties for network infrastructure. Any disruptions in the company's relationship with vendors or any failures by them or the related parties to continue supplying equipment required to maintain and build its network infrastructure could have an adverse effect on the company's business, financial condition and results of operations.
- The company may be subject to additional regulations regarding net neutrality, which could adversely affect its business, financial condition and results of operations.
- Regulatory, legislative or self-regulatory/ standard developments regarding privacy and data security matters could have an adverse effect on the company's ability to conduct its business, reputation and financial condition.
- There are outstanding legal proceedings involving the Company, Subsidiaries, Promoter, Directors and Key Managerial Personnel. Any adverse outcome in any of these proceedings may have an adverse effect on the company's business, financial condition and results of operations.
- The preparation of the Company's consolidated financial statements including the Restated Consolidated Financial Information requires management to make judgments, estimates and assumptions that may affect the reported amount of revenue, expenses, assets and liabilities and the accompanying disclosures. Any changes in assumptions and estimates in the preparation of the company's consolidated financial statements could adversely impact the results of its operations.
- The company operates in a highly competitive market in India, and its market share, profitability and overall financial condition may be adversely affected if the company is unable to remain competitive both in terms of its product and service offerings as well as in terms of technological adoption to meet evolving customer preferences.
- Environmental and health regulations may increase costs and affect the company's business, financial condition and results of operations. Further, concerns about health risks associated with mobile telecommunications equipment may reduce the demand for the company's services.
- The company's business operations relies on the delivery of adequate and uninterrupted supply of electrical power and fuel at a reasonable cost. Any shortage, interruption or increase in the cost of such supplies will have an adverse effect on the company's business, financial condition and results of operations.
- The company's insurance coverage may be inadequate and may not protect it against all material risks, which could adversely affect the company's business, financial condition and results of operations.
- The company's growth depends on securing and maintaining sufficient quality spectrum allocations, and any such failures could have an adverse impact on the company's business, financial condition and results of operations.
- The company is required to obtain, renew or maintain statutory and regulatory permits, licences and approvals to operates its business and the company's facilities, and any delay or inability in obtaining, renewing or maintaining such permits, licences and approvals could result in an adverse effect on its business, financial condition and results of operations.
- The company's partner with third parties, including global technology providers, service providers and contractors in connection with its business operations. These collaborations and partnerships are strategically important as the company expand its digital service offerings to the company's customers across cloud computing, cloud gaming, entertainment and AI services. If these collaborations are not successful or if the company is unable to maintain, expand or renew such partnerships on acceptable terms, or if its third-party providers fails to provide the required services, the company's reputation, business, financial condition and results of operations could be adversely affected.
- The company depends on the performance of KMPs, Senior Management and other qualified and skilled personnel, and if the company is unable to attract, retain, and motivate its skilled personnel, the company's business could be harmed.
- The company relies on automated billing, credit control and customer verification systems, any failures of such systems could lead to a loss of income and customers.
- Any failures or delay in payment of statutory dues in the future may expose the company to statutory and regulatory action, as well as significant penalties, and may adversely affect its business, financial condition and results of operations.
- The company does not own the premises where the Registered Office and Corporate Office are located. The company has access to these premises pursuant to no-objection certificates provided by the Promoter and Reliance Corporate IT Park Limited, a Reliance Group company. Any withdrawal of the no-objection certificate or any restrictions placed on its access to these premises could have an adverse effect on the company's business, financial condition and results of operations.
- The company has entered into, and may continue to enters into, related party transactions with the Reliance Group or the Directors, Key Managerial Personnel, Senior Management, including entities associated with them which may potentially involve, or be perceived as conflicts of interest. There is no assurance that such transactions could not have been concluded on more favourable terms with unrelated third parties.
- Entities within the Reliance Group compete, or may in the future compete, with the company's business. Any business overlaps may adversely affect its growth, customer acquisition and retention, and business prospects.
- Some of the company's Subsidiaries have incurred losses during the three months ended June 30, 2026, and Fiscals 2026, 2025 and 2024. While these losses are not material when compared to its restated consolidated statement of profit and loss, there is no assurance that these Subsidiaries will become profitable in the future or that these losses will remain non-material to the company's overall financial condition.
- The company has certain contingent liabilities which have been disclosed in its Restated Consolidated Financial Information, which if they materialise, may adversely affect the company's business, financial condition and results of operations.
- The company has paid for and commissioned from Analysys Mason an industry report ("Analysys Mason Report"). Information relating to the digital connectivity and services industry in this Red Herring Prospectus has been obtained from this Analysys Mason Report. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- In this Red Herring Prospectus, the company's present certain non-GAAP and other industry measures that may not be comparable across its industry and should not be considered in isolation.
- The company's business and reputation could be adversely affected if the company fails to maintain effective internal control systems.
- Internal or external fraud or misconduct by the company's employees, contractors and service providers could adversely affect its reputation, business, financial condition and results of operations.
- The Promoter will continue to hold substantial shareholding in the Company at the completion of the Issue.
- Any future grant of employee stock options under the Jio Platforms Limited Employees Stock Option Scheme 2020 or any stock option plans that the company may implement in the future may result in a charge to its profit and loss account and, to that extent, affect the company's results of operations.
- The company cannot assure you that the deployment of the Net Proceeds will take place as planned and as described in this Red Herring Prospectus. Further, the company cannot guarantee that its will achieve the intended results or outcomes from such deployment of Net Proceeds.
- The company may not be able to declare and pay dividends in the future.
- Access to capital and its cost depends on the company's credit ratings. Absence of ratings or adverse ratings may limit financing options and have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company may not realise the anticipated benefits of existing or future strategic mergers, acquisitions, joint ventures, divestitures, or business strategies.
- An impairment in goodwill would adversely impact the financial condition and results of operations of the Company.
Jio Platforms Ltd Peer Comparison
Understand the company’s industry standing
Jio Platforms Ltd
Bharti Airtel Limited
Vodafone Idea Limited
Face Value
10
5
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
146885.3
210972.8
44873
EPS-Basis
33.63
45.96
3.21
EPS-Diluted
33.59
44.37
3.21
NAV Per Share
373.66
244.6
-3.3
P/E-Basic EPS
---
40.71
3.99
P/E-Diluted EPS
---
---
---
RONW(%)
9.42
20.32
---
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 21 Oct 2026 & closes on 23 Oct 2026.
Jio Platforms Limited was incorporated on November 15, 2019 at Ahmedabad, Gujarat as Public Limited Company Limited by Shares under the Companies Act, 2013 with the Registrar of Companies. Central Registration Centre. Company is a market leader in digital connectivity services. Since its launch in 2016, Jio fundamentally reshaped digital connectivity for India, and created an all-internet protocol-led 4G network for consumers to access digital services.
The Company provide mobile and fixed digital connectivity such as wireless and fixed broadband. Digital services across entertainment, cloud gaming, cloud compute, cloud PC and storage, and smart home solutions through the own and third-party products; and access to next generation AI based products like AI assistants. The Company launched its 4G network with 4G voice over LTE (VoLTE) technology in 2016 and was among the first few greenfield all-internet protocol operators globally to launch 4G voice on this technology. In October 2022, it launched the 5G services, deploying more than 1 million 5G cells.
Many of the technology platforms, such as cloud-native RAN, 5G core, OSS/ BSS platforms, UBR-based FWA, are a potential source of future revenue from overseas markets. The network infrastructure is built on technological elements that Company has pioneered. Through extensive research and engineering, 4G VoLTE network was conceived as a video-first network specifically designed for use cases such as streaming, gaming and cloud computing.
Jio launched fixed broadband services in 2019 through the physical optic fibre-based service for digital connectivity, called 'JioFiber'. In 2024, it launched 'JioAirFiber', a fixed wireless access service leveraging the 5G and UBR spectrum, in eliminating the need for physical last mile connectivity and associated approvals. The fixed broadband connectivity, 'JioHome', provide customers comprehensive digital solutions for connectivity, home entertainment, and smart home solutions.
In FY 2026, Jio established an integrated infrastructure comprising international subsea cable systems and domestic Data Centre Interconnect (DCI) network, which enables connectivity between Indian data centres and major international data hubs such as Singapore, Europe, Middle East and the United States. The network is designed to support high-capacity bandwidth and low-latency connectivity to address increasing data traffic associated with hyperscalers, enterprise customers operating data centres in India, including for AI workloads, cloud computing platforms and content delivery services.
The Company has filed a Red Herring Prospectus with SEBI for the fresh issue IPO of 270,000,000 Equity shares having the face value of Rs 10 each to raise funds aggregating Rs 30,187.65 crore between October 21, 2026 and October 23, 2026 in the price band Rs 1,065 to Rs 1,119.
Jio Platforms Ltd IPO will close on 23 Oct 2026.
- A technology company with deep-rooted engineering capabilities and full-stack proprietary capabilities.
- Transforming digital connectivity and digital services in India.
- Culture of pioneering and innovation driving execution engine excellence.
- The nation scale, digital gateway to India.
- Future-ready network infrastructure.
- Proven track record of scale, growth and profitability with strong balance sheet.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Reliance Industries Limited | 5937841645 | 66.43 | 5937841645 | 64.48 |
- Reliance Jio Infocomm Limited ("RJIL") holds telecommunication licence and spectrum across different bands which are critical for its operations. Any inability to maintain or renew such licences or to successfully bid for any spectrum required for the company operations, could have a material adverse impact on its business, financial condition and results of operations.
- The company has entered into various agreements with the Promoter, Reliance Retail Limited and other Reliance Group entities for various aspects of its business. Any disruption in the services under these agreements could have an adverse impact on the company's business, financial condition and results of operations.
- Reliance Retail Limited ("RRL") is the sole distributor of the company's pre-paid connectivity services and provides channel distribution, marketing and promotional activities services to the company. Any disruption in its arrangement with RRL would adversely impact the company's business, financial condition and results of operations.
- The company's Material Subsidiary, RJIL, contributes significantly to its Revenue from Operations, EBITDA and PAT. For instance, in Fiscal 2026 and the three months ended June 30, 2026, RJIL contributed 87.74%, 94.88% and 93.76%, and 87.34%, 93.89% and 92.31%, respectively, of the company's consolidated Revenue from Operations, EBITDA and PAT. Accordingly, any deterioration in the business, financial condition and results of operations of RJIL would adversely impact its consolidated financial condition and consolidated results of operations. Further, while the company operates as a technology platform, its key operational indicators ("KPIs") are primarily pertaining to the company's digital connectivity services provided by RJIL and does not reflect the technology platform specific metrics.
- Any disruption to the company's network, passive infrastructure and technology could impair its ability to ensure consistent performance and deliver uninterrupted customer experience, which could have a material adverse impact on the company's business, financial condition and results of operations, and could lead to increased churn in its customer base.
- If the company is unable to respond to changes in technologies, including for instance, more competitive satellite-based broadband services and the evolving demands of its customers, the company may faces technological obsolescence, which would have a material adverse impact on its business, financial condition and results of operations.
- The company does not control the use of the "Jio" trademark by other companies in the Reliance Group. Such shared use of the "Jio" brand exposes it to risks related to negative publicity resulting from actions beyond the company's control. Further, its may be unable to adequately protect the company's intellectual property rights, and its may also be subject to risks of infringement claims. Any of these events may have a material adverse impact on the company's reputation, business, financial condition and results of operations.
- The company depends on a limited group of passive infrastructure service providers for a substantial portion of its telecommunication towers and optic fibre network. Any disruption in the availability of these passive infrastructure assets could have an adverse impact on the company's business, financial condition and results of operations.
- Any cybersecurity, data or privacy breach could interrupt the company operations and have an adverse effect on its reputation, brand, business, financial condition and results of operations.
- The deployment of artificial intelligence ("AI") and machine learning ("ML") technologies across the company operations may not yield the desired results. Further, reliance on AI/ML technologies may expose it to inherent risks pertaining to algorithmic bias and model errors leading to inaccurate or biased outputs, which may cause reputational harm and adversely impact the company's business, financial condition and results of operations.
- The company has incurred significant indebtedness. The company's inability to meet its obligations, including financial and other covenants, under the company's debt financing arrangements could adversely affect its business, financial condition, results of operations and cash flows. Further, the company may not be able to fund its capital expenditures and expansion efforts, which could have an adverse impact on the company's business.
- The company's telecommunications business is highly regulated and subject to evolving laws, regulations, and government policies. The company's inability to comply with such laws, regulations, government policies, and the terms and conditions of its licences required to operates the company's businesses may lead to modification, suspension, non-renewal or additional payments.
- The company's success depends on its ability to attract and retain customers on the company's platform. Further, its revenue growth is dependent on the company's ability to sustain and increase ARPU. Any failures to do so may have an adverse effect on the company's business, financial condition and results of operations.
- The company's capital-intensive business requires significant capex, and its may not realise the expected benefits.
- The company may implement new lines of business, offer new services within existing lines of business or expand into international markets. Such investments may not meet the changing needs of its customers and could have an adverse effect on the company's business, financial condition and results of operations.
- The company relies on a limited number of vendors, including related parties for network infrastructure. Any disruptions in the company's relationship with vendors or any failures by them or the related parties to continue supplying equipment required to maintain and build its network infrastructure could have an adverse effect on the company's business, financial condition and results of operations.
- The company may be subject to additional regulations regarding net neutrality, which could adversely affect its business, financial condition and results of operations.
- Regulatory, legislative or self-regulatory/ standard developments regarding privacy and data security matters could have an adverse effect on the company's ability to conduct its business, reputation and financial condition.
- There are outstanding legal proceedings involving the Company, Subsidiaries, Promoter, Directors and Key Managerial Personnel. Any adverse outcome in any of these proceedings may have an adverse effect on the company's business, financial condition and results of operations.
- The preparation of the Company's consolidated financial statements including the Restated Consolidated Financial Information requires management to make judgments, estimates and assumptions that may affect the reported amount of revenue, expenses, assets and liabilities and the accompanying disclosures. Any changes in assumptions and estimates in the preparation of the company's consolidated financial statements could adversely impact the results of its operations.
- The company operates in a highly competitive market in India, and its market share, profitability and overall financial condition may be adversely affected if the company is unable to remain competitive both in terms of its product and service offerings as well as in terms of technological adoption to meet evolving customer preferences.
- Environmental and health regulations may increase costs and affect the company's business, financial condition and results of operations. Further, concerns about health risks associated with mobile telecommunications equipment may reduce the demand for the company's services.
- The company's business operations relies on the delivery of adequate and uninterrupted supply of electrical power and fuel at a reasonable cost. Any shortage, interruption or increase in the cost of such supplies will have an adverse effect on the company's business, financial condition and results of operations.
- The company's insurance coverage may be inadequate and may not protect it against all material risks, which could adversely affect the company's business, financial condition and results of operations.
- The company's growth depends on securing and maintaining sufficient quality spectrum allocations, and any such failures could have an adverse impact on the company's business, financial condition and results of operations.
- The company is required to obtain, renew or maintain statutory and regulatory permits, licences and approvals to operates its business and the company's facilities, and any delay or inability in obtaining, renewing or maintaining such permits, licences and approvals could result in an adverse effect on its business, financial condition and results of operations.
- The company's partner with third parties, including global technology providers, service providers and contractors in connection with its business operations. These collaborations and partnerships are strategically important as the company expand its digital service offerings to the company's customers across cloud computing, cloud gaming, entertainment and AI services. If these collaborations are not successful or if the company is unable to maintain, expand or renew such partnerships on acceptable terms, or if its third-party providers fails to provide the required services, the company's reputation, business, financial condition and results of operations could be adversely affected.
- The company depends on the performance of KMPs, Senior Management and other qualified and skilled personnel, and if the company is unable to attract, retain, and motivate its skilled personnel, the company's business could be harmed.
- The company relies on automated billing, credit control and customer verification systems, any failures of such systems could lead to a loss of income and customers.
- Any failures or delay in payment of statutory dues in the future may expose the company to statutory and regulatory action, as well as significant penalties, and may adversely affect its business, financial condition and results of operations.
- The company does not own the premises where the Registered Office and Corporate Office are located. The company has access to these premises pursuant to no-objection certificates provided by the Promoter and Reliance Corporate IT Park Limited, a Reliance Group company. Any withdrawal of the no-objection certificate or any restrictions placed on its access to these premises could have an adverse effect on the company's business, financial condition and results of operations.
- The company has entered into, and may continue to enters into, related party transactions with the Reliance Group or the Directors, Key Managerial Personnel, Senior Management, including entities associated with them which may potentially involve, or be perceived as conflicts of interest. There is no assurance that such transactions could not have been concluded on more favourable terms with unrelated third parties.
- Entities within the Reliance Group compete, or may in the future compete, with the company's business. Any business overlaps may adversely affect its growth, customer acquisition and retention, and business prospects.
- Some of the company's Subsidiaries have incurred losses during the three months ended June 30, 2026, and Fiscals 2026, 2025 and 2024. While these losses are not material when compared to its restated consolidated statement of profit and loss, there is no assurance that these Subsidiaries will become profitable in the future or that these losses will remain non-material to the company's overall financial condition.
- The company has certain contingent liabilities which have been disclosed in its Restated Consolidated Financial Information, which if they materialise, may adversely affect the company's business, financial condition and results of operations.
- The company has paid for and commissioned from Analysys Mason an industry report ("Analysys Mason Report"). Information relating to the digital connectivity and services industry in this Red Herring Prospectus has been obtained from this Analysys Mason Report. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- In this Red Herring Prospectus, the company's present certain non-GAAP and other industry measures that may not be comparable across its industry and should not be considered in isolation.
- The company's business and reputation could be adversely affected if the company fails to maintain effective internal control systems.
- Internal or external fraud or misconduct by the company's employees, contractors and service providers could adversely affect its reputation, business, financial condition and results of operations.
- The Promoter will continue to hold substantial shareholding in the Company at the completion of the Issue.
- Any future grant of employee stock options under the Jio Platforms Limited Employees Stock Option Scheme 2020 or any stock option plans that the company may implement in the future may result in a charge to its profit and loss account and, to that extent, affect the company's results of operations.
- The company cannot assure you that the deployment of the Net Proceeds will take place as planned and as described in this Red Herring Prospectus. Further, the company cannot guarantee that its will achieve the intended results or outcomes from such deployment of Net Proceeds.
- The company may not be able to declare and pay dividends in the future.
- Access to capital and its cost depends on the company's credit ratings. Absence of ratings or adverse ratings may limit financing options and have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company may not realise the anticipated benefits of existing or future strategic mergers, acquisitions, joint ventures, divestitures, or business strategies.
- An impairment in goodwill would adversely impact the financial condition and results of operations of the Company.
The Issue type of Jio Platforms Ltd is Book Building.
The minimum application for shares of Jio Platforms Ltd is 12.
The total shares issue of Jio Platforms Ltd is 270000000.
Initial public offer of up to 270,000,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Jio Platforms Limited ("The Company" or "Issuer") for cash at a price of Rs. 1119 per equity share (including a securities premium of Rs. 1109 per equity share) ("Issue Price") aggregating up to Rs. 30213 Crores (the "Issue"). The issue includes a reservation of up to 4,468,275 equity shares of face value of Rs. 10 each for cash at a price of Rs. 1119 each, aggregating up to Rs. 500.00 Crores (constituting up to [*]% of the issue), for subscription by eligible employees ("Employee Reservation Portion") and a reservation of up to 22,341,376 equity shares of face value of Rs. 10 each for cash at a price of Rs. 1119 each, aggregating up to Rs. 2500.00 Crores (constituting up to [*]% of the issue), for subscription by eligible RIL shareholders ("RIL Shareholders Reservation Portion"). The issue less the employee reservation portion and the RIL shareholders reservation portion is hereinafter referred to as "Net Issue". The issue and the net issue shall constitute [*]% and [*]% of the post-issue paid-up equity share capital, respectively. The company, in consultation with the BRLMs, is offering a discount of Rs. 54 per equity share of face value of Rs. 10 each to eligible employees bidding in the employee reservation portion ("Employee Discount").
Price Band: Rs. 1,119 per equity share of face value of Rs. 10 each.
The floor price is 111.90 times the face value of the equity shares.
Bids can be made for a minimum of 12 equity shares of face value of Rs. 10 each and in multiples of 12 equity shares of face value of Rs. 10 each thereafter.
A Discount of Rs. 54 per equity share is being offered to eligible employees bidding in the employee reservation portion.