RIL files DRHP for Jio platforms IPO with SEBI; proposes fresh issue of up to 27 crore equity shares

Reliance Industries-backed Jio Platforms filed its DRHP with SEBI for an IPO, proposing a fresh issue of up to 270 million equity shares with a face value of Rs 10 each. The DRHP clarifies there will be no offer for sale by existing shareholders and that the issue will be conducted through a book-building route. The shares are to be listed on both the BSE and NSE, with portions reserved for eligible employees and Reliance shareholders; final numbers will be disclosed later. The price band and lot size will be decided later with BRLM guidance. Jio Platforms, created in 2019, groups Reliance's digital units including Reliance Jio Infocomm.