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Reliance Jio Platforms Limited, India's largest digital connectivity and technology platform under the Reliance Industries promoter group, has filed its DRHP with SEBI. The IPO is entirely a fresh issue of up to 27,00,00,000 (27 crore) equity shares, aggregating ~₹27,500 Cr — the second-largest public issue in Indian market history, just behind Hyundai Motor India's ₹27,858 Cr IPO. Backed by Meta, Google, KKR, Vista, Silver Lake, General Atlantic, ADIA, TPG, Saudi PIF, and Mubadala, who collectively invested ₹1,52,056 Cr in 2020. A 19-bank syndicate has been appointed as Book Running Lead Managers, including Kotak Mahindra Capital, Morgan Stanley, BofA Securities, Axis Capital, Goldman Sachs, and JP Morgan India. KFin Technologies Ltd is the registrar. Mukesh Ambani has confirmed the company is advancing steadily towards listing. Price band and dates still TBA. Reliance Industries announced on Oct 14, 2026 that the IPO committee of the Jio Platforms board approved a price band of Rs 1,065 to 1,119 per share, hours after the RHP was filed with the Registrar of Companies, Gujarat. Fresh issue of up to 27 crore equity shares (face value Rs 10), about Rs 30,213 Cr at the upper band, which would make it India's largest IPO, ahead of Hyundai Motor India's Rs 27,870 Cr issue in 2024. Minimum bid 12 shares (Rs 13,428 at the upper band). Anchor bidding Oct 19, subscription Oct 21 to 23, allotment Oct 26 and listing on BSE and NSE on Oct 28, 2026. The anchor book of about Rs 8,110 Cr opened on Oct 19 and drew reported institutional bids of around Rs 2.5 lakh Cr, close to 30 times the anchor quota, with GIC, BlackRock, Fidelity and the Abu Dhabi Investment Authority among the bidders. Up to Rs 27,500 Cr of net proceeds is earmarked to repay borrowings of Reliance Jio Infocomm.