Reliance Industries Limited (RIL) has submitted the Red Herring Prospectus (RHP) for the upcoming Initial Public Offering (IPO) of its telecom and digital services arm, Jio Platforms Limited (JPL). The RHP was filed today, October 14, with the Registrar of Companies, Gujarat, at Ahmedabad.
According to the RHP, Jio Platforms IPO will open for public subscription on October 21 and close on October 23. The bidding for anchor investors is scheduled for October 19, a day ahead of the launch of the public issue.
The public issue will comprise a fresh issue of up to 27 crore shares.
Jio Platforms files RHP for IPO – Key highlights
- Jio Platforms files RHP today with Registrar of Companies, Ahmedabad
- The IPO will open from October 21 to October 23
- Initial Public Offering of new issue of up to 270 million shares
- Anchor investor bidding date set for October 19